Current cost accounting: Difference between revisions
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Its purpose was to adjust for the effects of inflation on the historic costs of balance sheet items by bringing all items within the accounts to present day values. | Its purpose was to adjust for the effects of inflation on the historic costs of balance sheet items by bringing all items within the accounts to present day values. | ||
== See also == | == See also == | ||
* [[Historical cost accounting]] | * [[Historical cost accounting]] | ||
Revision as of 15:36, 6 May 2016
Financial reporting.
A basis of valuation in published financial statements drawing mainly on replacement cost accounting techniques, but also on net realisable values and economic values.
Its purpose was to adjust for the effects of inflation on the historic costs of balance sheet items by bringing all items within the accounts to present day values.
