Skip to content

Current cost accounting

Unit 4: Price Level ChangesTopic 3 of 3
Browse the Advanced Financial Accounting syllabus

What the syllabus expects

  • Current Cost Accounting: Concept and determination: Current Replacement Cost, Net Realizable Value of Assets, Depreciation Adjustment, Holding Gains, Inventory Adjustment, Cost of Sales Adjustment, Monetary Working Capital Adjustment, Gearing Adjustment, Current Cost Reserve: Preparation of Current Cost Profit and Loss Account, Current Cost Balance Sheet