EXAMINING THE EFFECTS OF INFLATION ON REPORTED PROFITS: IMPLICATIONS FOR DECISION MAKING
ABSTRACT The purpose of this study is to examine the effect of Inflation on Reported Profits: Implication for Decision Making . Financial Accounting information is provided to external investors and to Management. For Management, periodic report are prepared for decision making purposes while for external investors, a summarized report profits is what they get. These reported profits are not screened for inflation. Consequently, the accounting conventions and inflationary rate impact ...
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