Summary of Statement No. 82

Financial Reporting and Changing Prices: Elimination of Certain Disclosures—an amendment of FASB Statement No. 33 (Issued 11/84)


This Statement eliminates the requirement for supplementary disclosure of historical cost/constant dollar information for those enterprises that present current cost/constant purchasing power information.

This Statement is effective for fiscal years ending on or after December 15, 1984, with earlier application permitted.

Another proposed Statement is in process that will address current cost/constant purchasing power disclosures and will combine all pronouncements related to FASB Statement No. 33, Financial Reporting and Changing Prices.