current-cost accounting

(Accounting & Book-keeping) a method of accounting that values assets at their current replacement cost rather than their original cost. Compare historical-cost accounting

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historical-cost accounting

References in periodicals archive ?

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 $16.7 billion from $27.2 billion.

Energy giant Shell posts sliding 2013 profits

This is the measure, known as the current-cost accounting basis, which

France's Total reports strong profits in 2012

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 -- was set to plunge 70 per cent to about $2.2 billion (e1/41.6 billion) in the three months to December, from $7.3 billion a year earlier.