The Treatment of the Inflation's Effect on the Financial statements in Syrian business environment


Abstract in English

This study aims to illustrate the Inflation's effect associated with the crisis which Syria suffers from , on the Financial statements, especially that related to the income statement and balance sheet . Besides presenting the proposed accounting income's by professional accounting organizations to treat the effect of inflation on the financial statement . To achieve the study's goals, one of the proposed income has been applied according to the international accountant standard to treat such phenomena on the financial statements in one of the companies operating in the country.

References used

Gordan, E.A. (2001 Jun), "Accounting for Changing Prices: the Value Relevance of Historical Cost, Price Level and Replacement Cost Accounting in Mexico"{Electronic Version}, Journal of Accounting Research, Vol. 39, Issue1 .p 177-200, 24p
Chordia, Tarun; Shivakumar,Lakshmanan(2005 ,Sep.)" Inflation Illusion and Post-Earnings-Announcement Drift"[Electronic version]. Journal of Accounting Research, Vol. 43 Issue 4, p521-556, 36p
Hughes, John, liu, Jing&Zhang, Mingshan (2003,January) ''Inflation, Foreign Exchange, and Parsimonious Equity Valuation'', University of California- los Angeles.p1-33 Retrieved 20/12/2005 fromwww.anderson.ucla.edu/documents/areas/fac/accounting/inflati on.pdf

Download