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| From: | Derek A. Neighbors |
| Subject: | Re: Playing Accountant |
| Date: | Mon, 19 Mar 2001 16:29:07 -0800 |
| User-agent: | Mozilla/5.0 (X11; U; Linux 2.2.18pre17 i686; en-US; 0.8) Gecko/20010215 |
As I see it (and I'm no accountant, either), this is not a real problem in accounting. In accounting, you usually compare amounts within a given period of time (say turnover and expenses) or you compare some amounts with the previous year. The relevance of the measurement of a given currency *normally* doesnt' change that much within a year. And, if it does, you probably have other problems to worry about ;-)
Well I think cases of hyper inflation like Russia and Mexico recently went through recently are both cases where this is revelevant. In fact, after our discussion I searched the web and found a few Harvard cases and other speeches on how this is not addressed too well by accoutants and/or software.
What is of course true is that the conversion between several currencies has to change over time. But this is a completely usual feature in financial software.
Yes I didnt mean to imply currency changes but rather monetary unit changes. Derek Neighbors GNU Enterprise http://www.gnue.org address@hidden
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