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Contents
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• 1 Historical cost basis in financial statements
○ 1.1 Measuring unit principle
○ 1.2 Misleading reporting under historical cost accounting
• 2 History of inflation accounting
• 3 Inflation accounting models
○ 3.1 Constant dollar accounting
• 4 International standard for hyperinflationary accounting
• 5 See also
• 6 Notes and references
The restatement of historical cost financial statements in terms of IAS 29 does not signify the
abolishment of the historical cost model. This is confirmed by PricewaterhouseCoopers:
"Inflation-adjusted financial statements are an extension to, not a departure from, historical cost
accounting."