historical-cost accounting
A Dictionary of Business and Management
|
2006
|
© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
Copyright
historical-cost accounting A system of accounting based on the principle that assets should be valued at
historical cost. It is relaxed to some extent by such practices as the valuation of stock at the lower of cost and
net realizable value and, in the UK, revaluation of
fixed assets. The advantages of historical-cost accounting are that it is relatively objective, easy to apply, difficult to falsely manipulate, and suitable for audit verification. In times of high inflation, however, the results of historical-cost accounting can be misleading as profit can be overstated, assets understated in terms of current values, and
capital maintenance is only concerned with the nominal amount of the capital invested rather than its purchasing power. Because of these defects it is argued that historical-cost accounting is of little use for decision making, but attempts to replace it with such other methods as
current-cost accounting have failed.
Company legislation sets out the rules for the application of historical-cost accounting to
financial statements. Companies may also choose to use alternative accounting rules based on the
modified historical-cost convention, in which certain assets are included at revalued amounts.
Cite this article
Pick a style below, and copy the text for your bibliography.
|
Morality Policy and Individual-Level Political Behavior: The Case of Legislative Voting on Lesbian and Gay Issues.
Magazine article from: Policy Studies Journal; 12/22/1999; ; 700+ words
; ...argues its point in terms of morality. As predicted by the framework...indicate that interest groups may play a more significant role on these issues than the morality politics framework would suggest. Morality Politics Theory and Legislative...
|
|
Morality: Its Nature and Justification.(Review)
Magazine article from: The Review of Metaphysics; 12/1/1999; ; 700+ words
; ...judged by this public system of morality. The example of a game is employed...can either quit or simply not play. "The uniqueness of morality is, however, that it "is...Gert's full definition of morality is "an informal public system...
|
|
COLUMN: Morality has place in American politics
News Wire article from: University Wire; 11/8/2004; ; 700+ words
; ...Since my religious beliefs play a great role in my political...decisions based on religious morality is a violation of the separation...consider what rejecting religious morality would mean. It would mean...of their religiously based morality could not support it on those...Meanwhile, those who ...
|
|
On the foundations and nature of morality. (Symposium: Law and Morality)
Magazine article from: Harvard Journal of Law & Public Policy; 1/1/2008; ; 700+ words
; ...as half of "law and morality" is "morality," the Symposium topic necessarily brings the foundations and the nature of morality into play. And insofar as the nature and foundations of morality have been debated against the background...
|
|
Sex, politics, and morality.
Magazine article from: William and Mary Law Review; 10/1/2005; ; 700+ words
; ...their leading issue mean? Morality is a rather general term...lay claim to the mantle of morality, is that they involve sex...sexual reproduction does not play much of a role. It is hard...argument is that a major shift in morality has occurred in the Western...
|
|
The McCarthyites of Virtue.(two conceptions of morality in the Clinton-Lewinsky affair)(Editorial)
Newspaper article from: Free Inquiry; 12/22/1998; ; 700+ words
; ...the Clinton-Lewinsky morality play - what can we add at this...contending conceptions of morality engulfing America. THE CLASH OF TWO MORALITIES Humanism expresses the...modern world, humanistic morality prizes individual freedom...
|
 "Post-Tribune (IN)")
|
CHURCHES MUST PLAY GREATER ROLE ESTABLISHING COMMUNITY MORALITY
Newspaper article from: Post-Tribune (IN); 6/16/1993; 700+ words
; ...Family Forum. Accountable, balanced morality is the overall solution to preventing...problems. We must start with a focus on morality and the original family structure set up by God. Morality must be the top part of all serious endeavors...
|
|
|
MORALITY CAN NOT BE CLAIMED AS SOLELY THE DOMAIN OF RELIGION
Newspaper article from: Post-Tribune (IN); 3/29/1995; 700+ words
; ...necessarily the same thing, that morality and religion are synonymous...ordained as the arbiter of morality depends on who is talking...better person than a teacher who plays favorites; that students who...Sure, government legislates morality in that it declares illegal...
|
|
Morality and Ethics: An Introduction
Magazine article from: Dynamic Chiropractic; 3/11/2004; ; 700+ words
; ...moral conduct or standards. Morality is looking at how good or bad...class, rather than one named "morality." One might say that morality is ethics in action, but in...What roles do guilt and fear play in ethics? They are the two...
|
|
College student sexual morality revisited: a consideration of pre-marital sex, extra-marital sex and childlessness between 1940 and 2000-2005.(Report)
Magazine article from: College Student Journal; 9/1/2007; ; 700+ words
; ...and wrong. In many respects morality is a moving target, with people...were different with respect to morality. Based on interviews with...females are more apt to evaluate morality in terms of personal relationships...and personal relationships play a minor role. An investigation...
|
|
morality play
Book article from: The Columbia Encyclopedia, Sixth Edition
morality play form of medieval drama...The characters in the morality were personifications...drama. The first known moralities were called the Paternoster plays. The greatest English morality is Everyman . See miracle play .
|
|
Morality Play
Book article from: The Concise Oxford Dictionary of the Christian Church
Morality Play, or Morality . A form of drama, popular in the 15th and 16th cents., in which a moral truth or lesson was inculcated by the chief characters personifying various abstract qualities. It developed independently of the Mystery Plays , but at the same time.
|
|
morality plays
Book article from: The Concise Oxford Companion to English Literature
morality plays, medieval allegorical plays in which personified human qualities are acted and disputed...Castle of Perseverance . See P. Happé ed., Four Morality Plays (1979); G. Wickham ed., English Moral Interludes...
|
|
moralities
Book article from: The Concise Oxford Dictionary of Music
moralities. See miracle plays .
|
|
Morality plays
Book article from: The Concise Oxford Dictionary of World Religions
Morality plays: see THEATRE AND DRAMA .
|
