Accountant you destroy your co´s retained income

[Nick Smith]

<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Nick Smith</i>
<br />[quote]<i>Originally posted by Astute Accountant</i>
<br />Yes Nick, this really is a short coming of historical cost accounting that it doesn’t take account of inflation and does assume that the currencies of the countries remain stable.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

That is easy to say in the low inflation world.

In Zimbabwe this single stable measuring unit assumption is destroying a whole economy of 12 million people - this very moment as I am writing here.

And not a single one of them understands it.

Imagine, an accounting assumption destroying a country.

Osama Bin Laden would give anything for the power of the stable measuring unit assumption.

Real Value Accounting stops the power of the stable measuring unit assumption to destroy any value at all in all non-monetary items under any level of inflation; from 0.01 to 1000 000 %.

http://http//en.wikipedia.org/wiki/Histo..._principle