current value accounting Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “current value accounting” in the English Dictionary

"current value accounting" in Business English

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current value accountingnoun [U]

uk   us   (also current cost accounting, also fair value accounting)
ACCOUNTING a ​method of ​accountingbased on the ​cost of ​replacingassets at the ​prices that would be ​paid now, rather than at the ​prices they were originally ​bought for: Current ​valueaccounting can ​yieldresults that are ​materially different from traditional ​accountingbased on ​historiccosts.
(Definition of current value accounting from the Cambridge Business English Dictionary © Cambridge University Press)
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