Implementing the Hyde Guidelines

Abstract

It looked as though the development of inflation accounting in the United Kingdom had come to a dead halt in July 1977 when the members of the Institute of Chartered Accountants in England and Wales voted against the compulsory introduction of any form of Current Cost Accounting (CCA). A year later, the position seems much more hopeful. It appears that about two‐thirds of the larger companies (other than financials) are complying with the Accounting Standards Committee's interim rccommendation, published in November 1977, that listed companies should include supplementary CCA profit and loss accounts with their annual reports.

Citation

Gibbs, M. (1978), "Implementing the Hyde Guidelines", Management Decision, Vol. 16 No. 8, pp. 449-458. https://doi.org/10.1108/eb001173