ANALYSIS OF THE SOCIAL IMPACT OF INFLATION IN TERMS OF THE QUALITY OF ACCOUNTING INFORMATION
ANALYSIS OF THE SOCIAL IMPACT OF INFLATION IN TERMS OF THE QUALITY OF ACCOUNTING INFORMATION

Summary/Abstract: The reality of the current economic and social environment highlights the increasing manifestation of the inflationary phenomenon. Although inflation is essentially seen as an economic phenomenon, it should not be forgotten that its multiple effects also have a strong social impact as a result of the decline in general purchasing power. In this context, and given the social role of accounting, aimed at satisfying the public interest, our study will analyse the impact of inflation on the quality of accounting information and highlight the main social consequences of the negative influence on the quality of this information. In order to achieve this general objective, using the technique of critical reasoning, on the one hand, we will highlight, for each major component of the assets of an economic entity, the negative influences that the phenomenon under analysis induces in terms of information, and on the other hand, we will highlight the social consequences that this process generates. The conclusions of the research undertaken will highlight the fact that, in the absence of appropriate accounting techniques adapted to inflation, we are witnessing a dilution of the quality of the financial communication process, as well as an impairment of the contribution of accounting to human progress by providing the necessary prerequisites for the healthy development of the entities it serves.

• Details
• Contents