An accounting principle requiring all financial statement items to be based on original cost.
Related information about historical cost:
- Historical cost - Wikipedia, the free encyclopedia
In accounting, historical costs is the original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption. In some ...
- Historical Cost Definition | Investopedia
A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the ...
- What is historical cost? | AccountingCoach.com Q&A
Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term.
- Historical cost
Historical cost accounting is an approach to accounting using asset values based on the actual amount on money paid for assets with no inflation adjustment.
- Historical Cost Vs. Current Cost: Accountants Wrestle with Reporting ...
Apr 25, 2001 ... Historical Cost Vs. Current Cost: Accountants Wrestle with Reporting Question by Knowledge@Wharton, the online business journal of the ...
- Historical Cost - Financial Dictionary - The Free Dictionary
Historical Cost. Also found in: Acronyms, Wikipedia, 0.02 sec. Historical cost. Describes the accounting cost carried in the books and reflecting the cost of the ...
- What is historical cost? definition and meaning
Definition of historical cost: Accounting: Original cost of an asset, as it is carried on the books of a firm. In the UK and Netherlands, certain modifications to the ...
- Historical Cost Accounting Versus Current Cost Accounting | Nur ...
"The issue of assets and income valuation has long been a contentious issue for accounting standard setters and capital market regulators. In essence ...