far

They are measurements in the price level in effect at a transaction date. These measurements are not adjusted for inflation

The Management Discussion and Analysis: A narrative written by management that is an integral part of the disclosure of the financial statements.

The specific price of nonmonetary items can change.

Combined aggregate amount of maturities on borrowings 5+ years after balance sheet, sinking fund requirements; the aggregate amount of payments for unconditional obligations to purchase fixed or minimum amounts of goods or services; the fair value of each financial debt instrument in the financial statements or in the notes; the nature of the firm's liabilities, interest rates and maturity dates, conversion options, assets pledged as collateral, and restrictions.

It results from holding monetary assets during inflationary times or having monetary liabilities during deflationary times.

Summary of significant accounting policies

The purchasing power of an asset is the amount of goods and services that can be obtained by transferring the asset to another party.

Disclosure of the impact of inflation on the financial statements is required.

Nature of relationship, description of all transactions for years presented, dollar amounts of transactions, and receivables to or from parties.

Errors are unintentional, irregularities are intentional.

Illegal contributions and bribes.

• Judgments and key assumptions made in applying those policies.
• Measurement bases used for recognition (e.g. historical cost, fair value).
• Information enabling an assessment of the estimation uncertainty that could result in a material adjustment to the balances of assets and liabilities, which are point estimates in many cases.

The specific price of monetary items cannot change.

The change in the price of a specific good or service over a period of time.

he term "general prices" refers to a market basket of items that the typical consumer purchases.

It results from holding monetary assets during deflationary times or having monetary liabilities during inflationary times.

It is the increase in general prices for a period of time; deflation is the decrease in general prices.

They are measurements in the general price level as of a specific date.

An enterprise that substantially all of its efforts are related to establishing a new business.