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historical cost
(redirected from Historical cost accounting)

    Also found in: Wikipedia 0.04 sec.
Historical cost
Describes the accounting cost carried in the books for a current cost of the item.
historical cost
The amount of money that was originally used to pay for an asset. A company records assets on a balance sheet at historical cost, which often bears little relation to the market value of the assets after they have been owned several years. Also called original cost.


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? Mentioned in ? References in periodicals archive
 
We continue to see news stories about charges of earnings manipulation, even under the historical cost accounting framework.
Fair value accounting by Federal Reserve Bulletin
Whole categories of assets are poorly measured through historical cost accounting," said Wallman.
SEC chairman calls for modern financial reporting by Journal of Accountancy
Many regulators, including the SEC, are critical of certain practices that are rooted in the historical cost accounting model.
Current values: finding a way forward by Johnson, James A. / Financial Executive
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