| dc.description.abstract | This thesis investigates the impact of inflation
Qn the measurement of income of firms in Kenya in 1976.
Inflation has been on the increase in the world in recent years, and the hardships it brings both to the private individual and business enterprise such
as more expensive purchases are well known.
There are several possible ways of reflecting the impact of inflation in financial statements.
And although the Financial Accounting Standards Board and Price Waterhouse & Co. favour historical cost restatement, many countries studying the different ~pproaches have not yet come up with any clear-cut preferences. And while different alternatives to historical cost restatement require study, we in Kenya have to begin somewhere; and given
data avaj18bili:ty for historical cost restatements as compared to current value statements or restatements,
.historical cost restatement is the author's choice for this thesis. | en |
