STATEMENT OF THE JUNE 1969
ACCOUNTING PRINCIPLES BOARD
3
Financial Statements Restated For General Price-Level Changes
CONTENTS
Paragraph Numbers
Foreword
Introduction 1-6
Background Information
Changes in the General Purchasing Power of Money 7-8
Measuring General Price-Level Changes 9-12
Effects of General Price-Level Changes 13-16
Monetary and Nonmonetary Assets and Liabilities
and General Price-Level Gains and Losses .... 17-23
General Price-Level Restatements 24
Recommendations 25-49
Restatement of Financial Statements 27-46
Presentation of General Price-Level
Financial Information 47-49
Gross National Product Implicit Price Deflator . Appendix A
Monetary and Nonmonetary Items Appendix B
Procedures to Prepare Financial Statements
Restated for General Price-Level Changes . . . Appendix C
General Price-Level Changes and Specific
Price Changes Appendix D
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1969 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. 666 FIFTH AVENUE, NEW YORK, NEW YORK 10019
