current-cost accounting

current-cost accounting

n
(Accounting & Book-keeping) a method of accounting that values assets at their current replacement cost rather than their original cost. Compare historical-cost accounting
References in periodicals archive ?
Shell said profit on a current cost of supplies (CCS) basis or current-cost accounting, which strips out revisions to the worth of oil and gas inventories dived to $16.
The group confirmed Thursday that profit on a current cost of supplies (CCS) basis or current-cost accounting -- which strips out changes to the value of oil and gas inventories -- sank to $16.

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