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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

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

Derek Neighbors
GNU Enterprise

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