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Re: Playing Accountant
From: |
Derek A. Neighbors |
Subject: |
Re: Playing Accountant |
Date: |
Mon, 19 Mar 2001 16:36:12 -0800 |
User-agent: |
Mozilla/5.0 (X11; U; Linux 2.2.18pre17 i686; en-US; 0.8) Gecko/20010215 |
The issue Derek raised wasn't about fluctuating exchange rates AFAICT.
It
was more about the changes in the value of a single currency over time. His
example for instance argues that the value of 1 dollar today is different
from the value of 1 dollar in 60 years time. Both are still called 1 dollar
though. I believe this is what is termed inflation but I stand to be
corrected. Of course inflation can be positive as well as negative
(devaluation).
that is correct.
I have no clear views on how to deal with this as I am not a domain expert
(i.e. accountant or other such finance professional). Accountants obviously
have a mechanism for dealing with this. We just need to get into the heads
of a few friendly accountant and get them to spill the beans...
actually i think they pretty much ignore it. :) as generally the inflation
change from year to year is minimal and most accountants dont look back past
a year or two.
so the second part of the question would be do accountants or fiscal
analysts
really care? i would say probably not except in hyper inflation, but who
knows.
Derek Neighbors
GNU Enterprise
http://www.gnue.org
address@hidden
- Re: Playing Accountant, (continued)
- Re: Playing Accountant,
Derek A. Neighbors <=
Re: Playing Accountant, Derek A. Neighbors, 2001/03/19
Re: Playing Accountant, Rich Bodo, 2001/03/19
RE: Playing Accountant, Todd Boyle, 2001/03/19
Re: Playing Accountant, Boris Kortiak, 2001/03/20