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Glossary   >   C   >   "Current cost accounting" Definition            Current cost accounting A system designed to adjust accounting for changes in prices that affect a company"s assets. The more usual convention is historical cost accounting. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Current cost accounting - A system designed to adjust accounting for changes in prices that affect a company"s assets. The more usual convention is historical cost accounting.