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Definition
See
Modifying Interest Rates.
Use
In Turkey, the
Inflation Adjustment of Monetary Items report uses an interest indicator to calculate the inflation on monetary items. Once you have defined the interest indicator, you have to define a corresponding interest rate with the inflation rate.Structure
Maintain the interest rate as follows:
Enter the interest indicator.
Enter
Enter the date from when this inflation rate is valid.
Leave this field blank.
Enter
Leave this field blank. The inflation rate is calculated using the entry in the Premium field only.
Enter the inflation rate as a percentage.
Leave this field blank, because there is no lower limit for which monetary items are to be adjusted.
