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单词 current cost accounting
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current cost accounting
current cost accounting n. a method of accounting in which assets are valued on the basis of their replacement cost and increases in their value as a result of inflation are excluded from calculations of profit.
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society > trade and finance > management of money > keeping accounts > [noun] > cost accounting
cost keeping1865
cost accounting1894
current cost accounting1975
1975 Rep. Inflation Accounting Comm. (F. E. P. Sandilands) i. 3 in Parl. Papers 1974–5 VII. 411 We recommend that a system to be known as Current Cost Accounting should be developed.
1977 Courier-Mail (Brisbane) 2 Mar. 2/6 Current cost accounting, a system which takes account of inflation, is called inflation accounting in the United States.
1984 C. Hitching & D. Stone Understanding Accounting! vii. 85 We shall be turning our attention to the question of ‘value’, and to current cost accounting.
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