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Cost accounting |
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Cost accountingA branch of accounting that provides information to help the management of a firm evaluate production costs and efficiency.Cost accounting Similar MatchesAccounting liquidityAccounting liquidityThe ease and quickness with which assets can be converted to cash. Replacement cost accountingReplacement cost accountingAn accounting method that includes as part of depreciation the difference between the original purchase price of an asset and the current ../../finance-glossary/ment cost. Generally Accepted Accounting Principles (GAAP)Generally Accepted Accounting Principles (GAAP)The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S. Accounting Standards BoardAccounting Standards BoardUK body that sets accounting standards. A subsidiary body of the Financial Reporting Council. Current 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. Further SuggestionsFinancial Accounting Standards Board (FASB)Accounting earnings Statement of Financial Accounting Standards No 52 Historical Cost Accounting Convention Accrual Accounting Convention Average accounting return accounting reference date Inflation accounting Statement of Financial Accounting Standards No 8 Purchase accounting Growth accounting Regulatory accounting procedures (RAP) Accounting insolvency |
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