Eliminacja wpływów inflacji w rachunkach inwestycji

• Autorzy: Jerzy Kuchmacz

Warianty tytułu

Elimination of the Inflation Effect in Investment Accounts

• Języki publikacji: PL

Abstrakty

Przedmiotem artykułu jest problem włączania inflacji do analizy projektów inwestycji kapitałowych, a więc i do konstrukcji stopy dyskontowej. Przedstawiono pomiar wartości kapitału w warunkach inflacji i metody traktowania inflacji w warunkach inwestycji.

EN

The measurement of economic values realized in accounting systems is done with the use of money as a unit of value measure. The funds (values) participating and multiplied in economic processes are measured with the assumption that the units of value measure are always the same. The inclusion of the elements of inflation in the measurement process breaks the assumption of the stable value measure, the uniform money. The discussion of the problems starts with the presentation of the results of empirical studies on the real return rate which can be obtained under free market economy. The awareness of these values and at least the elementary knowledge of how to link them with the risk of various investments make it possible to avoid the mistakes that are often made when chosing the rate of discount, including the errors in project analyses carried out under the conditions in inflation. The paper presents two attitudes to the problem of inflation in the context of measuring the economic rate of the analysed investment return. (original abstract)

Słowa kluczowe

PL

Rachunkowość finansowa; Rachunkowość w warunkach inflacji; Inwestycje kapitałowe; Wewnętrzna stopa zwrotu; Wartość zaktualizowana netto; Ryzyko papierów wartościowych

EN

Financial accounting; Accounting during inflation; Capital investments; Internal Rate of Return (IRR); Net present value (NPV); Securities risk

• Czasopismo: Zeszyty Naukowe / Akademia Ekonomiczna w Krakowie
• Rocznik: 1995
• Numer: nr 456
• Strony: 45--53

Twórcy

autor

Jerzy Kuchmacz

Bibliografia

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