Definition of current cost accounting in English:

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current cost accounting

noun

[mass 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.
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?

For editors and proofreaders

Line breaks: cur|rent cost ac¦count|ing

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