User:Foggy Morning/Notes

Inflation accounting
Software example from SAP Inflation accounting
 * Restate G/L accounts and open payables and receivables for inflation (general and specific price-level changes)
 * Revaluate assets, including inventory

Income statement general price-level adjustment (Wolk p.5)
 * (a) 30,000 x 105/100 = 31,500
 * (b) 30,000 x 110/100 = 33,000
 * (c) (30,000 x 105/100) - 30,000 = 1,500
 * (d) (63,000 x 110/105) - 63,000 = 3,000