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March 18, 2026The Accounting Review

The State of Current Value Accounting.

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Authors

EEEdgar O. EdwardsFord Foundation

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Overview

The article reviews current value accounting implications of price volatility with emphasis on differential price changes.

Key Points

  • To examine the implementation and challenges of current value accounting in light of price volatility and relative price shifts.
  • Literature review on current value accounting and its theoretical acceptance.
  • Analysis of price changes using U.S. wholesale price index data from 1972 to 1973.
  • Discussion of conceptual and valuation issues in current value accounting.
  • Identified a substantial gap between acceptance in theory and practice of current value accounting.
  • Noted significant differential price changes impacting agricultural and industrial commodities.
  • Projected future challenges in accounting due to shifts in relative prices over the next five years.

Cite This Study

Edgar O. Edwards (1975) studied this question.

synapsesocial.com/papers/69ba42fb4e9516ffd37a3c30https://doi.org/10.2308/tar-4505874
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Also Consider

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

  1. 1Income, Price Changes and the Valuation Controversy in Accounting.1968
  2. 2Current Value Accounting and Price-Level Restatements.1973
  3. 3CONSISTENCY AND CHANGING PRICE LEVELS.1949
  4. 4Asset Valuation, Income Determination and Changing Prices.1972
  5. 5On the Feasibility of Developing Current Cost Information.1967