ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Inflation Accounting Standards for Banking-A Note

A Note C S Balasubramaniam With the publication of Statement of Standard of Accounting Practice (SSAP)-16 in the United Kingdom, inclusion of current cost accounts has become necessary for all listed companies and to some categories of non-listed companies, with exemption for insurance companies, property and investment companies and wholly-owned subsidiaries. In the US the Financial Accounting Standard (FAS)-33 re- quires supplementary disclosure both on constant dollar as well as current cost bases for ail companies, including financial and banking companies.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top