Current Cost Accounting

Business, Legal & Accounting Glossary

Definition: Current Cost Accounting


Quick Summary of Current Cost Accounting


A valuation method whereby assets and goods used in production are valued at their actual or estimated current market prices at the time the production takes place (it is sometimes described as ‘replacement cost accounting’. The more usual convention is historical cost accounting.




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https://payrollheaven.com/define/current-cost-accounting/
Modern Language Association (MLA):
Current Cost Accounting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 25, 2021 https://payrollheaven.com/define/current-cost-accounting/.
Chicago Manual of Style (CMS):
Current Cost Accounting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/current-cost-accounting/ (accessed: September 25, 2021).
American Psychological Association (APA):
Current Cost Accounting. PayrollHeaven.com. Retrieved September 25, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/current-cost-accounting/

Definition Sources


Definitions for Current Cost Accounting are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 3 Views.