Abstract
Accounting Research Study No. 6 was prepared as the result of a directive by the American Institute's Accounting Principles Board the Director of Accounting Research. After stating that the Board . . . agreed that the assumption in accounting that in the value of the may be ignored is unrealistic, this directive instructed the Director to set up a research project study the problem and prepare a report in which recommendations are made for the disclosure of the effect of price-level changes upon the financial statements. In this study, special attention should be paid the use of supplementary statements as a means of disclosure. 1 The directive thus indicated the broad lines along which the study was proceed; it restricted the inquiry an examination of the effect of fluctuations in the value of the dollar (or, by implication, the effect of changes in the general price level as opposed the effect of price changes
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
