Summary of Statement No. 82
Summary of Statement No. 82
Financial Reporting and Changing Prices: Elimination of Certain Disclosures--an amendment of FASB Statement No. 33 (Issued 11/84)
Summary
This Statement eliminates the requirement for supplementary
disclosure of historical cost/constant dollar information for those
enterprises that present current cost/constant purchasing power
information.
This Statement is effective for fiscal years ending on or after December 15, 1984, with earlier application permitted.
Another proposed Statement is in process that will
address current cost/constant purchasing power disclosures and will
combine all pronouncements related to FASB Statement No. 33,
Financial Reporting and Changing Prices.