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March 18, 2026The Accounting Review

The Valuation of Accounts at Current Cost.

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Authors

MGMyron J. GordonThe University of Sydney

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Implication

This analysis reveals the implications of current cost accounting on financial reporting and performance measurement.

Key Points

  • The study aims to address how accounting for current costs affects financial statements and performance metrics.
  • Analyzes historical cost accounting versus current cost measurement.
  • Proposes adjustments to income statements and balance sheets.
  • Examines the impact of current cost on valuation and profit measurement.
  • Current cost valuation yields a clearer picture of real profit.
  • Operating statements reflect revenues in current dollars, improving performance analysis.
  • Balance sheets under current cost accounting show true asset values.

Cite This Study

Myron J. Gordon (1953) studied this question.

synapsesocial.com/papers/69ba43884e9516ffd37a4d73https://doi.org/10.2308/tar-7087956
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Current Cost for Long-Lived Assets: A Critical View.1969
  2. 2Current and Historical Costs in Financial Statements.1966
  3. 3A CRITICAL APPRAISAL OF THE CURRENT ASSET CONCEPT.1959
  4. 4CAPITAL GAINS FROM PRICE LEVEL INCREASES.1951
  5. 5TESTING OBSOLESCENCE IN FIXED ASSETS.1945