Accounting
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Boundless Accounting
Analyzing Financial Statements
Accounting Textbooks Boundless Accounting Analyzing Financial Statements
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Accounting

Section 9

Considering Inflation's Distortionary Effects

Book Version 3
By Boundless
Boundless Accounting
Accounting
by Boundless
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Deflation

Deflation is a decrease in the general price level of goods and services and occurs when the inflation rate falls below 0%.

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Disinflation

Disinflation is a decrease in the inflation rate; a slowdown in the rate of increase of the general price level of goods, services.

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Impact of Inflation on Financial Statement Analysis

General price level changes creates distortions in financial statements. Inflation accounting is used in countries with high inflation.

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