ACCOUNTING FOR INFLATION

This topic has 2 replies, 2 voices, and was last updated 4 years ago by Shi2004.

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October 7, 2021 at 9:06 am #637186
Shi2004
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Hello sir i would like to know if there is accounting for inflation in the syllabus for financial reporting. Thank you.
October 9, 2021 at 10:33 am #637314
P2-D2
Keymaster
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Hi,

IAS 29 accounts for inflation and is not on the FR syllabus. You do need to look at capital maintenance however, but that is only a very small part of the syllabus that might be seen in the multiple choice questions.

Thanks
October 11, 2021 at 3:48 pm #637460
Shi2004
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Okay thanks sir ?
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