ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Inflation Accounting Standards for Banking-A Note

Inflation Accounting Standards for Banking-A Note

A Note C S Balasubramaniam With the publication of Statement of Standard of Accounting Practice (SSAP)-16 in the United Kingdom, inclusion of current cost accounts has become necessary for all listed companies and to some categories of non-listed companies, with exemption for insurance companies, property and investment companies and wholly-owned subsidiaries. In the US the Financial Accounting Standard (FAS)-33 re- quires supplementary disclosure both on constant dollar as well as current cost bases for ail companies, including financial and banking companies.

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