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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 MatchesStatement 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. 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. Accounting Standards BoardAccounting Standards BoardUK body that sets accounting standards. A subsidiary body of the Financial Reporting Council. 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. Average accounting returnAverage accounting returnThe average project earnings after taxes and depreciation divided by the average book value of the investment during its life. Further Suggestionscurrent cost accountingAccounting insolvency Regulatory accounting procedures (RAP) Inflation accounting Growth accounting Accounting liquidity Purchase accounting Replacement cost accounting Accrual Accounting Convention Accounting earnings accounting reference date Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) |
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