Current cost accounting
Browse the Advanced Financial Accounting syllabus
Advanced Financial Accounting
7 units
2 Various aspects of Company Accounts
3 Valuation of Goodwill and Shares
4 Price Level Changes
5 New Trends in Accounting
6 Accounting for Not for Profit Organizations
7 Project Work
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