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Definition of current cost accounting in English: current cost accountingnoun mass nounA method of accounting in which assets are valued on the basis of their current replacement cost, and increases in their value as a result of inflation are excluded from calculations of profit. Example sentencesExamples - The most successful push for an alternative has been for variations of replacement cost accounting, often referred to as current cost accounting.
- There have been several forms of current cost accounting, purchasing power accounting and so on since the mid 1970s that have been proposed as alternatives.
- Why is current cost accounting the most relevant way of assessing competitive advantage?
- They discuss the subsequent prescription of current cost accounting principles.
- They indicated that rather than attempt to revise all of the historical cost accounting groundwork, most firms should merely attempt to modify their current cost accounting systems.
Definition of current cost accounting in US English: current cost accountingnoun A method of accounting in which assets are valued on the basis of their current replacement cost, and increases in their value as a result of inflation are excluded from calculations of profit. Example sentencesExamples - They indicated that rather than attempt to revise all of the historical cost accounting groundwork, most firms should merely attempt to modify their current cost accounting systems.
- They discuss the subsequent prescription of current cost accounting principles.
- The most successful push for an alternative has been for variations of replacement cost accounting, often referred to as current cost accounting.
- There have been several forms of current cost accounting, purchasing power accounting and so on since the mid 1970s that have been proposed as alternatives.
- Why is current cost accounting the most relevant way of assessing competitive advantage?
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