Sandilands Committee

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August 31, 2024 4 min read Definitions

Sandilands Committee: Accounting for Inflation

Economics Accounting Sandilands Committee Inflation Accounting Current-Cost Accounting Financial Reporting Economic History

The Sandilands Committee was established in 1975 to consider the best methods for accounting for inflation in company financial statements. It recommended current-cost accounting, which eventually fell out of favor as inflation rates decreased.

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