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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With C
  5. Current Cost Accounting

Current Cost Accounting

Definition of 'Current Cost Accounting'

Current Cost Accounting attempts to capture the effect of inflation on asset values (and liabilities) by recording them at their current replacement cost, i.e. the cost of obtaining an identical replacement.

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Related Terms

CCAAcid RatioAcid Test RatioQuick Asset RatioCurrent RatioAccounting Standards BoardAccruals AccountingARORASBCreative AccountingGAAPGenerally Accepted Accounting PrinciplesBook CostSunk CostWeighted Average Cost of CapitalAccrualAccrualsMarket to Book RatioNormal ProfitsCapital Employed

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