Historical Cost:
Historical cost is a generally accepted accounting principle requiring all financial statement items be based upon original cost. Historical cost means what it cost the company for the item. It is not fair market value.
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. This approach is said to use the accounting principle of historical cost.
historical cost
The original cost incurred to acquire an asset (as opposed to replacement cost, current cost, or cost adjusted by a general price index).
Historical cost
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Historical cost basis (original cost)
Under the historical cost basis of accounting, assets and liabilities are recorded at their values when first acquired. They are not then generally restated for changes in values.
Historical cost accounting values assets at the price paid for them at the time they were acquired without making an adjustment for inflation, in contrast to current cost accounting.
HISTORICAL COST - A term describing the original cost of a project, stated in dollars of the time in wh...
HISTORICAL COST ACCOUNTING - an accounting principle requiring all financial statement items to be base...
Historical cost
The original cost to acquire an asset, with no adjustment for any subsequent changes in value. Generally, subsequent increases in the value of the asset are not recognized unless there is a transaction.
Historical Cost - Assets, stock, raw materials etc. Can be valued at what they originally cost. or 2) The original amount a firm paid for factors it now owns.
Historical Cost Accounting Convention
An accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition.
HISTORICAL COST: An accounting principle stating that expenses are recorded in terms of original or acquisition cost. Such a practice does not necessarily indicate the opportunity cost or current market value.
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historical cost is first stated in terms of current cost which in turn is adjusted to constant purchasing power using the average Consumer Price Index (CPI) for the current year. In effect replacement cost and CPI are combined.
Historical cost convention is when all economic transactions are recorded using the cost (historical cost) of the transaction.
Holmström?s agency model
The Holmström’s agency model: ...
historical cost principle
The concept that many transactions and events are to be measured and reported at acquisition cost
income statement ...
historical cost accounting
average accounting return
International Accounting Standards Committee ...
Historical cost
Terminology for the accounting cost that is carried in the books for a current cost of the item.
Historical exchange rate ...
Historical cost
Describes the accounting cost carried in the books for a current cost of the item.
Historical exchange rate ...
Historical Cost
Actual costs or expenditures recorded as opposed to projected or forecasted costs.
Historical Cost
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 company. The historical-cost method is used for assets in the U.S.
Assets and liabilities valued at historical cost (market cost) are translated at the historical (current market) rate. Temporary Assets That portion of a firm's current assets that fluctuates in response to seasonal or anticipated short-term.
historical cost An accounting principle requiring all financial statement items to be based on original cost. historical data Past information about a firm, used to help forecast the firm's future; for...
Governing Documents Government Accountability Office (GAO) Governmental Accounting Standards Board (GASB) Grantee Grantor Greenmail Gross Income Guaranty Head of Household Hedge Historical Cost Holding ...
The cost of buildings includes both acquisition costs (historical cost, ancillary costs, and, for proprietary and trust funds, net interest during construction) and capital improvement costs (betterments).
The difference between the historical cost and the appraised value of fixed assets.
APR
See annual percentage rate.
Accounting period concept
Money measurement concept
Historical Cost concept
Periodic matching of cost and revenue concept
Verifiable objective evidence concept
Realization concept
Accrual concept ...
Presenting assets at historical cost is justified by assuming productive assets will be used rather than sold. This makes market values irrelevant and supports accounting methods that match the actual cost of an asset to periods benefited.
Under this currency translation method, the choice of exchange rate depends on the underlying method of valuation. assets and liabilities valued at historical cost (market cost) are translated at the historical (current market) rate. ...
Many readers believe the total assets represent a bundle of future cash reserves. This is not true because fixed assets are reported at historical cost, and their purpose is to assist revenue generation.
HISTORICAL COST Amount expended in obtaining an asset at the time of acquisition, i.e. the purchase price and associated costs.
HOLDING A decision of a court
HOLDING COMPANY Company whose main purpose is to hold substantial shares of other companies.
For example, GAAP requires that land be stated at its historical cost on financial reports.
term for the new accounting rules applicable to bankrupt companies. For companies that either file for Chapter 11 after January 1991 or emerge from Chapter 11 after June 1991, assets are to be valued at market value rather than at historical cost.
Revaluation helps to establish realistic values of assets in place of historical costs since market prices and realizable values are taken into consideration by the valuer. (See also REAL EFFECTIVE EXCHANGE RATE).
Second, there may be a difference between the assets' current value and the financial statements' historical cost, used in the calculation of the net asset value.
 See also: Expense, Values, Banks, Saving, Accounting period
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