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Average accounting return |
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Average accounting returnThe average project earnings after taxes and depreciation divided by the average book value of the investment during its life.Average accounting return Similar MatchesCurrent cost accountingCurrent cost accountingA system designed to adjust accounting for changes in prices that affect a company's assets. The more usual convention is historical cost accounting. Statement of Financial Accounting Standards No 8Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52. Historical Cost Accounting ConventionHistorical Cost Accounting ConventionAn accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Accrual Accounting ConventionAccrual Accounting ConventionAn accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses. Further SuggestionsGenerally Accepted Accounting Principles (GAAP)Cost accounting Accounting liquidity accounting reference date Financial Accounting Standards Board (FASB) Growth accounting Replacement cost accounting Accounting earnings Inflation accounting Regulatory accounting procedures (RAP) Purchase accounting Accounting Standards Board Accounting insolvency |
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