ABSTRACT
Political stability in Nigeria has led to a marked improvement in the general operating environment in the country. Hence capital maintenance is looked into in the period of inflation as the only way out.
The word inflation is not a new phenomenon; it has been experienced by most countries in the world at some stages in their history. Mere looking at this statement, ones mind will really run to developing countries; but it is history that the UNITED KINGDOM in 1974 when they could no longer sit back and watch inflation ruin them set up the Inflation Accounting Committee with Fianers Sandilands as chairman, to look into the problem.
Since Nigeria’s inflationary trend is monetary, prices have been rising because many people including the government have been spending it. This is to say that uncontrolled inflation can dislocate the economy and can cause social upheaval. As such, this may create havoc if left uncontrolled.
TABLE OF CONTENTS
Title page II
Approval page III
Acknowledgement IV
Table of contents VII
Abstract V
CHAPTER ONE
1.0 Introduction 1
1.1 Statement of the problem 10
1.2 Objective and Purpose of Study 11
1.3 The Research work hypothesis 13
1.4 The scope and limitations of the study 14
1.5 Definitions of terms 16
CHAPTER TWO
2.0 Literature Review 18
2.1 Historical Background 18
2.2 Capital 21
2.2.1 Capital accumulation structure 23
2.3 Inflation 25
2.3.1 Types, causes and effect of inflation 26
2.3.2 Inflation and asset choice 30
2.3.3 Inflation, taxation and corporate decisions 32
2.4 Capital maintenance and profit determination 46
2.5 Accounting and Inflation 52
CHAPTER THREE
3.0 Research Design 70
3.1 Sources of data 70
3.2 Method of data analysis 72
3.3 Area of study 75
CHAPTER FOUR
4.0 Analysis and Interpretation of data 76
4.1 Data presentation 76
CHAPTER FIVE
5.0 Summary, Recommendation and Conclusion 91
5.1 Summary of findings 91
5.2 Conclusion 93
5.3 Recommendation 94
BIBLIOGRAPHY 97
QUESTIONNAIRE 99
