ANNUAL FINANCIAL STATEMENTS OF ECONOMIC ENTITY - ADJUSTED FOR THE EFFECTS OF INFLATION?

Serban Claudiu Valentin and Nastasie Mihaela – Andreea
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Serban Claudiu Valentin: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CRAIOVA, ROMANIA
Nastasie Mihaela – Andreea: ROMANIAN ACADEMY, INSTITUTE OF WORLD ECONOMY BUCHAREST, ROMANIA

Annals - Economy Series, 2015, vol. 3, 146-150

Abstract: Inflation is a phenomenon of self-sustaining growth in the overall level of prices affecting the economy of a state with strong implications at both economic and social level. Inflation is eroding effect while the main purchasing power of money and the sustained growth of prices in the economy. Prices change over time as a result of various economic and social factors, individuals or generals. Private factors, such as changes in supply and demand or technology, can generate significant price increases or decreases, independent of each other. In addition to the general factors may cause a change in the general level of prices and thereby the general purchasing power of the currency.

Keywords: inflation; annual financial statements; pricing; historical cost; money supply (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:3:p:146-150

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