International Accounting Standard 29

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Definitions
Current Purchasing Power Accounting (Constant Purchasing Power Accounting)
Current Purchasing Power Accounting Constant Purchasing Power Accounting CPP Accounting Capital Maintenance Inflation Adjustment Hyperinflation International Accounting Standard 29
Current Purchasing Power Accounting is an accounting method that adjusts financial statements for changes in the general price level to maintain the purchasing power of shareholders' capital.
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Definitions
Hyperinflation
Hyperinflation Inflation Monetary Exchange Financial Reporting Standard International Accounting Standard 29
A situation in which levels of inflation are so high that money becomes virtually worthless and monetary exchange breaks down. The appropriate accounting treatment is set out in Section 31 of the Financial Reporting Standard applicable in the UK and Republic of Ireland. UK listed companies must apply International Accounting Standard 29.
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