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Re: Playing Accountant

From: Derek A. Neighbors
Subject: Re: Playing Accountant
Date: Mon, 19 Mar 2001 16:29:07 -0800
User-agent: Mozilla/5.0 (X11; U; Linux 2.2.18pre17 i686; en-US; 0.8) Gecko/20010215

As I see it (and I'm no accountant, either), this is not a real problem
in accounting. In accounting, you usually compare amounts within a given
period of time (say turnover and expenses) or you compare some amounts
with the previous year. The relevance of the measurement of a given
currency *normally* doesnt' change that much within a year. And, if it
does, you probably have other problems to worry about ;-)

Well I think cases of hyper inflation like Russia and Mexico recently went 
recently are both cases where this is revelevant.  In fact, after our discussion
I searched the web and found a few Harvard cases and other speeches on
how this is not addressed too well by accoutants and/or software.

What is of course true is that the conversion between several currencies
has to change over time. But this is a completely usual feature in
financial software.

Yes I didnt mean to imply currency changes but rather monetary unit changes.

Derek Neighbors
GNU Enterprise

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