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March 18, 2026The Accounting Review

The Interpretation of Income in a Period of Inflated Prices.

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Authors

CNC. Rollin Niswonger

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Implication

Analysis reveals the impact of inflation on income interpretation, highlighting asset cost mismatches.

Key Points

  • The aim is to explain how inflation affects the interpretation of income by matching revenues and costs.
  • Examined the relationship between current revenues and costs during inflationary periods.
  • Categorized expenses into immediate cash disbursements and previously acquired asset costs.
  • Analyzed the timing of benefit realization from expenses against revenues.
  • Identified discrepancies in value between current revenues and past asset costs due to inflation.
  • Found that expenses from previous asset consumption do not match current revenue values appropriately.
  • Concluded that expenses and revenues cannot be fairly compared under rapid inflation.

Cite This Study

C. Rollin Niswonger (1949) studied this question.

synapsesocial.com/papers/69ba42ae4e9516ffd37a3249https://doi.org/10.2308/tar-7063359
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1THE EFFECT OF CHANGING PRICE LEVELS UPON THE DETERMINATION, REPORTING, AND INTERPRETATION OF INCOME.1949
  2. 2ADJUSTMENT OF FIXED ASSETS TO REFLECT PRICE LEVEL CHANGES.1954
  3. 3ECONOMIC AND ACCOUNTING CONCEPTS OF INCOME.1961
  4. 4Income, Price Changes and the Valuation Controversy in Accounting.1968
  5. 5THE MEASUREMENT AND ADMINISTRATION OF INCOME.1949