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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 MatchesRegulatory accounting procedures (RAP)Regulatory accounting procedures (RAP)Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. 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. 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. 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 earningsAccounting earningsEarnings of a firm as reported on its income statement. Further SuggestionsReplacement cost accountingaccounting reference date Historical Cost Accounting Convention Statement of Financial Accounting Standards No 8 Growth accounting Average accounting return Financial Accounting Standards Board (FASB) Accounting insolvency Accounting liquidity Inflation accounting Accrual Accounting Convention Accounting Standards Board Purchase accounting |
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