First published in 1984, this book gives a historical account of
the worldwide development of the theory and practice of inflation
accounting (particularly as applied to the financial accounts of
corporations). It is a comprehensive account, both in terms of the
historical depth and the international breadth of its coverage. The
account of the debate in Britain includes the results of original
research by the authors, based on interviews and archive material.
The book offers important insights not only into the present state
and likely future course of the debate on inflation accounting but
also into the whole process of setting financial accounting
standards. The exposition is kept at a non-technical level wherever
possible, but the reader should ideally have the degree of
technical expertise which could be acquired by reading the
companion volume, Inflation Accounting: an introduction to the
debate, by Geoffrey Whittington.
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