Drawing up accounts using asset values based on the current replacement cost of assets...more on Current cost accounting
The valuing of assets, stock, raw materials etc. at current market value as opposed to its historica
A procedure for adjusting items in a company profit and loss account and balance sheet for the effects of inflation.
A valuation method whereby assets and goods used in production are valued at their actual or... <a target=_blank href='http://www.finance-glossary.com/terms/current-cost-accounting.htm?id=1692&ginPtrCode=00000&PopupMode=false' title='Read full definition of current cost accounting'>more</a>