Current purchasing power accounting is an acceptable approach in the USA.

Name: Current purchasing power accounting is an acceptable approach in the USA.
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Current purchasing purchasing power accounting is not widely accepted or used in the USA for financial reporting; instead, the country primarily follows Generally Accepted Accounting Principles (GAAP), which do not incorporate current purchasing power adjustments for inflation or changes in the value of money.

Current Purchasing Power Accounting Is an Acceptable Approach in the USA