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March 18, 2026The Accounting Review

Expected and Unexpected Price Level Changes.

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Authors

KSKeith ShwayderUniversity of Chicago

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Implication

Analysis reveals how price level adjustments impact financial values and returns, suggesting important implications for accounting practices.

Key Points

  • The aim is to analyze the effects of price level changes on asset and liability values in accounting.
  • Examined procedures recommended by the American Institute of Certified Public Accountants.
  • Made assumptions on amortization practices concerning asset and liability values.
  • Analyzed the relationship between imputed values and the general price level.
  • Expected book yield aligns with anticipated internal rates of return.
  • Cash flows from non-monetary assets are proportional to the price level.
  • Imputed values of monetary assets remain unaffected by price level changes.

Cite This Study

Keith Shwayder (1971) studied this question.

synapsesocial.com/papers/69ba43764e9516ffd37a4b45https://doi.org/10.2308/tar-4487595
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Also Consider

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

  1. 1Discounted Cash Flows, Price Level Adjustments and Expectations.1971
  2. 2Adjusting Rate of Return and Present Value for Price-Level Changes.1965
  3. 3Asset Valuation, Income Determination and Changing Prices.1972
  4. 4Discounted Cash Flows, Price Level Adjustments and Expectations: A Comment.1972
  5. 5A TECHNIQUE TO ADJUST FINANCIAL STATEMENT DATA FOR CHANGING PRICE LEVELS.1960