Definition of current cost accounting in English:

current cost accounting

Syllabification: cur·rent cost ac·count·ing

noun

  • 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.
    More example sentences
    • The most successful push for an alternative has been for variations of replacement cost accounting, often referred to as current cost accounting.
    • They discuss the subsequent prescription of current cost accounting principles.
    • Why is current cost accounting the most relevant way of assessing competitive advantage?

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Pronunciation: kəːf
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a slit made by cutting with a saw