In inflation accounting, adjustment transactions are performed by indices. When calculating indices, indices information valid on transaction date (month) and month before transaction is considered for input transactions. Output transactions are related to input transactions, and price indices' weighted average calculated in months when they are related to the transaction is assigned. However, indices of certain input transaction are calculated independently from indices of transaction month, because it will be no use to make adjustment according to transaction date.
For example, depreciations must be arranged according to actives entry date of the fixed asset, instead of the separation date. It means that depreciations are re-separated over adjusted fixed assets value.
"Depreciations and redemptions are calculated over adjusted values of actives. Amount found by using this method is considered when distributing depreciation and redemptions to the relevant accounts. As a consequence, depreciations and amortizations are not subjected to adjustment transaction in income table separately." (CMB Notification, Article 14)
A similar application is used to adjust transactions performed in regard to the cost of good sales. An input transaction related to the Cost of
Good Sales account must be adjusted according to the date of stock entry of the relevant stock account instead of input transaction (sales) date.
"The cost of good sales is recalculated by considering adjusted amounts of stocks and other cost factors." (CMA Notification, Article 15)
This relation is provided by using "Corresponding Accounts" menu option located in right mouse button menu of "non-monetary" G/L accounts which do not have sub-accounts.
In corresponding accounts window, the following information is specified:
- Account Code
- Account Description
- Transaction Type: Debt/Credit (It shows transaction of the selected corresponding account with which input transaction of the relevant account will be related.)
Account which is related with a different G/L account can not be selected again.