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March 18, 2026The Accounting Review

Current and Historical Costs in Financial Statements.

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Authors

GNG. Kenneth NelsonCollege of Accounting

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Implication

Analysis assesses historical and current-cost data's objectivity in financial reporting, suggesting practical improvements.

Key Points

  • To evaluate the usefulness of historical cost versus current cost in financial statements and their implications for management and stakeholders.
  • Analysis of internal financial statements prepared for management.
  • Comparison of historical cost and current cost statements.
  • Discussion of the objectivity issues in current-cost data for public reporting.
  • Historical cost statements provide more objective insights than current-cost alternatives.
  • Current-cost data lacks objectivity, complicating public financial reporting.
  • Proposed improvements may enhance income analysis within historical context.

Cite This Study

G. Kenneth Nelson (1966) studied this question.

synapsesocial.com/papers/69ba44154e9516ffd37a5faahttps://doi.org/10.2308/tar-4482867
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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. 2HISTORICAL COSTS AND CURRENT ASSETS--TRADITIONAL AND TREACHEROUS.1963
  3. 3Current-Cost Financial Statements and Common-Stock Investments Decisions.1973
  4. 4Tax Allocation and Non-Historical Financial Statements.1969
  5. 5On the Feasibility of Developing Current Cost Information.1967