Titlebook: Margins of Error in Accounting; D. R. Myddelton Book 2009 D. R. Myddelton 2009 accounting.capital.cost accounting.economics.evaluation.Inv

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The Unit of Account,, such as we have experienced in the last 60 years, this can lead to significant error. When inflation is high enough, the ‘solution’ is to use a unit of constant purchasing power instead of money itself as the unit of account.

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of the resulting errors. Separate chapters cover: the ‘interim-ness‘ of accounts;?the use of current value estimates; the cumulative effect of inflation on money as the unit of account.978-1-349-30539-1978-0-230-59501-9