Meaning of “current value accounting” in the English Dictionary

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"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 accounting based on the cost of replacing assets at the prices that would be paid now, rather than at the prices they were originally bought for:

Current value accounting can yield results that are materially different from traditional accounting based on historic costs.

(Definition of “current value accounting” from the Cambridge Business English Dictionary © Cambridge University Press)