A historical cost concept is a strategy used in accounting that values assets at their original cost. See how ease of access, consistency, and objectivity benefit this strategy, while relevance, accuracy, and under-depreciation hinder it.
In accounting, the historical cost of an asset refers to its purchase price or its original monetary value. Based on the historical cost principle, the transactions of a business tend to be recorded at their historical costs. The concept is in conjunction with the cost principle, which emphasize...
accounting concept包括比如going concern concept,prudence concept,realisation concept,historical cost concept等的原则,准则,除了这些还有什么?它们的区别是什么,我不是想要翻译,是想要归纳、或者说解释accounting concept。是ACCA的。会计英语 扫码下载作业帮搜索答疑一搜即得 答案解析 查看更多优质解析 解答一 举报 我...
Accounting Period Concept 区别于日历年份,比如一个企业可以把它的accounting period定于:4月6日-下一年的4月5日.accounting period可以等于12个月,也可以大于或小于12个月.Prudence According to this concept,revenues should be recognised only when they are realized,while expenses should be recognized as soon...
The historical cost accounting concept is unbiased, affirmed, and reliable. Disadvantages: The historical cost accounting notion is of fixed nature, meaning it is on the basis of the initial Cost in the invoice or receipt. As a result, it does not account for inflation or shifting pricing. It...
Historical Cost Accounting Convention Historical Cost concept historical costing Historical Costs Historical Cross-Country Technology Adoption historical data Historical Data Base Historical Data Collection Historical Data Entry Historical Data Record Historical Data Server ...
3) traditional cost accounting 传统成本会计 1. Based on the comparative analysis of the activity-based costing and traditional cost accounting,this paper introduces the concept and the causes of activity-based costing,points out the advantages of activity-based costing,describes the impact of ...
replacement.Depreciationis charged on original cost of the fixed assets in historical cost accounting concept, it is not charged at the price at which the same assets are acquired. Therefore, the provision of depreciation which is charged on the original cost will not be sufficient for the ...
historical cost, fair value, valuation, accounting systemThe current process of accounting globalization is based mainly on the concept of just value. This concept has been the source of vivid debates with regards to its meaning in contemporary accountancy, both in theory and in practice. The ...
3) historic cost 历史成本 1. It further establishes the concept and pattern for accounting of discovery value so as to act as the development and extension to the traditionalhistoric cost. 以石油勘探开发活动为背景 ,探讨了发现成本与发现价值的脱离 ,以及由此引起的会计问题 ,进而 ,创立发现价值会计的...