On Fri, 2003-01-10 at 05:18, Herbert Thoma wrote: > For business accounting we had a principle here in Germany called > "strenges Niedrigstwertprinzip". It meant that you had allways to > adjust to the lowest price. This is a kind of worst case accounting. > The principle got weakened lately. Now you only have to adjust when > you think the low price will remain for a longer period of time ...
Forgot to mention, that's a GAAP (Generally Accepted Accounting Practice) mandated by the Statement of Financial Accounting Standard 115, according the GPPA 2003 book I mentioned. It also seems to me like a Good Thing(tm), which is why I'd like to be able to enter the stock transactions that way, instead of using the current method. My philosophy is, I *am* a business, and to maximize my profits I should treat my finances accordingly. That philosophy lasts, of course, nary a step beyond the entrance of the computer store... ;) -- Matthew Vanecek perl -e 'print $i=pack(c5,(41*2),sqrt(7056),(unpack(c,H)-2),oct(115),10);' ******************************************************************************** For 93 million miles, there is nothing between the sun and my shadow except me. I'm always getting in the way of something...
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