Inflation accounting and public utilities

Journal Article · Thu Sep 13 04:00:00 EDT 1979 · Public Util. Fortn.; (United States)

OSTI ID:5778903

Mullen, L E

The Financial Accounting Standards Board is currently proposing to make a new method of financial reporting mandatory for the larger public utility companies. The method is designed to account for the effects of continuing inflation and is called inflation accounting. Many regard this as the single most significant financial reporting change for public utilities in forty years. The author discusses factors that have influenced the board and the Securities and Exchange Commission to prefer inflation accounting, reasons for opposition from some quarters, and how the proposed requirements, when adopted, will affect utility companies both large and small. He includes suggestions on how utilities can learn to live with some greatly altered conditions that the requirement will bring.

• Research Organization: East Tennessee State Univ., Johnson City
• OSTI ID: 5778903
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 104:6; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
296000 -- Energy Planning & Policy-- Electric Power
ACCOUNTING
DATA
DATA COMPILATION
ECONOMIC IMPACT
ELECTRIC UTILITIES
INFLATION
INFORMATION
MANAGEMENT
NUMERICAL DATA
PUBLIC UTILITIES
REGULATIONS