Current value accounting: A comparative comparison of the views of Fritz Schmidt and his pioneers against the theory of Edwards and Bell

In this article, we are going to look at Schmidt's point of view on the one hand and compare it to Edwards and Bell's point of view (E&B) on the other.The main motivation in writing this article is the existence of some differences and similarities between the theories and views of these two scientists, and while expressing their views, a comparative comparison between theories has been tried and the views of these two scientists.Although Schmidt is of Germanic descent and Edwaders and Bell are of American descent, and financial reporting systems can be very different from these two geographical areas, the formation of World War I and its economic effects on Germany and the emergence of inflation the effects of World War II and some inflationary economic events in the United States, such as Black Monday or the Six-Day Arab War, have led researchers and economists in both regions to address inflation accounting and the impact of inflation on financial statements, specially. Schmidt, Edwards, & Bell (E&B) focus on input values ​​(replacement prices), but the main difference is their view on value-added and asset-retaining profits and Edwards and Bell (E&B) emphasize the use of real financial capital.