Discipline: Accounting Type of service: Coursework Spacing: double spacing Paper format: APA Number of pages: 1 page Number of sources: 2 sources2. Inflation [CLOs: 4, 5]Describe the impact inflation has on financial accounting. Shouldfinancial statements be adjusted for inflation? In what ways doInternational Accounting standards (IFRS) address the issue ofaccounting for changing prices (inflation)? Develop a 275 – 300 wordexplanation supporting your position.this website