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- Title
A Comparison of Estimated and Reported Historical Cost/Constant Dollar Data.
- Authors
Walther, Larry M.
- Abstract
ABSTRACT: SFAS 33 requires certain companies to present historical cost/constant dollar data. The disclosures provide a data base against which to compare results achieved by the Davidson-Weil historical cost/constant dollar data estimation model. This Note reports the result of research that was conducted to measure the degree of variation between surrogate historical cost/constant dollar data generated by the Davidson-Weil model and historical cost/constant dollar data presented by 459 companies. The Davidson-Well model estimate of historical cost/constant dollar cost of goods sold was in excess of reported amounts by an average of .54 percent, the model estimate of historical cost/constant dollar depreciation expense exceeded reported amounts by an average of 13.73 percent, and the model estimate of the purchasing power gain/loss exceeded reported amounts by an average of 68.3 percent.
- Subjects
ACCOUNTING standards; COST accounting; DEPRECIATION; DOLLAR; ESTIMATION theory; PURCHASING power; COST allocation; COST of sales; ACCOUNTING; CORPORATION reserves
- Publication
Accounting Review, 1982, Vol 57, Issue 2, p376
- ISSN
0001-4826
- Publication type
Article