Publication Date
Spring 1990
Abstract
Prior to World War I, accountants and academics generally advocated the preparation of accounting statements based on an assumption of a stable monetary unit. During the war, the industrialised countries experienced moderate inflation but this was reasonably quickly controlled in the USA and the UK. However, post war inflation in Germany was not so rapidly controlled and revealed the shortcomings of accounts prepared under traditional assumptions. This stimulated several academics to consider ways in which this problem might be overcome, and their studies were to provide the foundations for later work on inflation accounting in the USA and the UK.
Recommended Citation
Kedslie, Moyra J. M. and Hussaen, N. M. A.
(1990)
"Plus ca change, plus c'est la meme chose: A study in accounting for changing price levels in Germany and the USA,"
Accounting Historians Notebook: Vol. 13:
No.
1, Article 27.
Available at:
https://egrove.olemiss.edu/aah_notebook/vol13/iss1/27