Inflation Effects

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August 25, 2024 4 min read Definitions

Inflation Accounting: Showing the Effects of Inflation in Financial Statements

Finance Accounting Economics Inflation Accounting Financial Reporting FASB Inflation Effects Financial Statements

Inflation Accounting addresses the impact of inflation on financial statements, offering a clearer view of a company's financial health. The Financial Accounting Standards Board (FASB) mandates major companies to provide supplementary information reflecting the effects of inflation.

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