Routledge Contributions of Limperg and Schmidt - Accounting History

Explore the historical foundations of replacement cost valuations with this academic study from the Routledge Library Editions: Accounting History series. This volume examines the specific works of Theodore Limperg and Fritz Schmidt to determine their impact on accounting development during the 1920s. By analyzing which of these two figures provided the most prominent contributions, the text investigates whether their work served as the starting point for the evolution of replacement price valuations. This study is particularly relevant for understanding how accounting proposals address the financial effects of price changes. As history suggests that periods of inflation lead to renewed debates regarding accounting serviceability, this book provides necessary context for the ongoing discussions surrounding price and value in financial reporting.