Histogram and Historical cost accounting: Difference between pages

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''Statistics''.   
The usual basis of valuation in published financial statements, based on the orginal cost of assets to the reporting entity.   


A bar diagram that illustrates a frequency distribution, each bar is drawn so that its area is proportioned to the number of items in the interval it represents.
Generally favoured because historical cost is an objective measure which can be relatively easily verified, for example by an auditor. 
 
The use of historical cost accounting can  however be challenged on conceptual grounds, especially in times of high inflation.




== See also ==
== See also ==
* [[Data presentation]]
* [[Current cost accounting]]
* [[Frequency distribution]]

Revision as of 19:35, 5 May 2016

The usual basis of valuation in published financial statements, based on the orginal cost of assets to the reporting entity.

Generally favoured because historical cost is an objective measure which can be relatively easily verified, for example by an auditor.

The use of historical cost accounting can however be challenged on conceptual grounds, especially in times of high inflation.


See also