price-level accounting

A system of accounting that attempts to take into account changes in price levels, thus avoiding some of the criticisms of historical-cost accounting. There have been many proposed methods but they have not been implemented, often because of the practical difficulties in operating them.

Accounting dictionary. 2014.

Look at other dictionaries:

  • price level accounting — accounting method in which profit is calculated in relation to the actual capital of a business …   English contemporary dictionary

  • price level accounting — Modern method of valuing assets in a financial statement which requires use of gross national product to reflect current values. See also accounting …   Black's law dictionary

  • general price level — An index that gives a measure of the purchasing power of money. In the UK, the best known measure is the Retail Price Index; in the USA it is the Consumer Price Index …   Accounting dictionary

  • Общий индекс уровня цен (GENERAL PRICE LEVEL INDEX)  — Показатель агрегированных цен широкого диапазона товаров и услуг в экономике относительно цен в течение базового периода …   Словарь терминов по управленческому учету

  • Отчетность с поправкой на изменение уровня цен (PRICE LEVEL ADJUSTED STATEMENTS)  — Финансовые отчеты, выраженные в валюте постоянной покупательной силы. Неденежные статьи, учитываемые по исторической стоимости, переоцениваются для отражения изменений общего уровня цен, произошедших с момента приобретения для активов, и с… …   Словарь терминов по управленческому учету

  • accounting — An act or a system of making up or settling accounts, consisting of a statement of account with debits and credits arising from relationship of parties. State ex rel. King v. Harvey, Miss., 214 So.2d 817, 819. Rendition of an account, either… …   Black's law dictionary

  • accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… …   Universalium

  • Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …   Wikipedia

  • price system — ▪ economics Introduction       a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …   Universalium

  • Price-To-Innovation-Adjusted Earnings — A variation of the price to earnings ratio (P/E ratio) that takes a company s level of spending on research and development (R D) into account. It is calculated by adding any expenditure on R D back to earnings and then calculating the P/E ratio… …   Investment dictionary

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