The STUDIA UNIVERSITATIS BABEŞ-BOLYAI issue article summary

The summary of the selected article appears at the bottom of the page. In order to get back to the contents of the issue this article belongs to you have to access the link from the title. In order to see all the articles of the archive which have as author/co-author one of the authors mentioned below, you have to access the link from the author's name.

  
       
         
    STUDIA OECONOMICA - Issue no. 1 / 2004  
         
  Article:   FINANCIAL REPORTING IN HYPERINFLATIONARY ECONOMIES.

Authors:  DUMITRU MATIŞ. 		 
       
         
  Abstract:  Enterprises that operate in a highly inflationary environment face unique challenges in presenting financial information in a manner that is consistent and comparable. Financial information of entities operating in economies where prices change dramatically, frequently as often as weekly or even daily, will present a distorted picture when expressed in nominal currency amounts. The financial statements of an enterprise that reports in the currency of a hyperinflationary economy should be restated in terms of the measuring unit current at the balance sheet date. The gain or loss on the net monetary position should be included in net profit or loss and separately disclosed. Monetary items are not restated. Non-monetary items are restated by applying a general price index unless they are already carried at amounts current at the balance sheet date such as net realizable value and market value.  
         
     
         
         
      Back to previous page