Ví dụ về việc sử dụng Cost principle trong Tiếng anh và bản dịch của chúng sang Tiếng việt
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Consistent with cost principle.
Circular A-21- Cost Principles for Educational Educational Institutions.
What is Historical cost principle?
The cost principle is one of the basic underlying guidelines in accounting.
(A debit balance in acontra asset account will violate the cost principle.).
Within these principles, only one(the cost principle) is being seriously challenged.
This is due to another basic accounting principle known as the cost principle.
The cost principle also means that some very valuable aspects of the company are not listed as assets.
For instance, a company's land will bereported at an amount no greater than its cost(due to the accountant's cost principle).
The UG administrative requirements and cost principles apply to new and incremental funding awarded after December 26, 2014.
Generally accepted accounting principles orGAAP require that a manufacturer's financial statements comply with the cost principle.
The cost principle prevents the company from recording and reporting more than its actual cost of $600,000.
Provided within the UG are new definitions,uniform administrative requirements for pre and post award, cost principles, and audit requirements.
The Cost Principle refers to the amount of money spent at the time of a given transaction, without taking inflation into account.[23].
On Dec. 26, 2013, the Office of Management and Budget(OMB)published uniform administrative requirements, cost principles and audit requirements for federal awards.
The cost principle requires that assets be recorded at the cash amount(or its equivalent) at the time that an asset is acquired.
On December 26, 2013, the White House Office of Management and Budget(OMB)issued final guidance entitled Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards in the Federal Register.
Since the amounts must follow the cost principle(and others) the amount of owner's equity does not represent the current fair market value of the business.
While standard costs can be a useful management tool for a manufacturer,the manufacturer's external financial statements must comply with the cost principle and the matching principle. .
The cost principle also means that valuable brand names and logos that were developed through effective advertising will not be reported as assets on the balance sheet.
The historical cost principle means that most of the amounts shown on the income statement reflect a corporation's vast number of actual transactions that were recorded by the accounting system.
Therefore, the cost principle yields results that might no longer be pertinent, and so of all the accounting concepts, it has actually been the one most seriously in concern.
Because of the historical cost principle and other accounting principles, the total amount reported in the capital accounts will not indicate a company's market value.
The apparent issue with the cost principle is that the historic cost of a liability, property, or equity financial investment is merely exactly what it was worth on the acquisition date;
In short, the cost principle generally prevents assets from being reported at more than cost, while conservatism might require assets to be reported at less then their cost. .
The accountants' cost principle prohibits a business from reporting some highly-valued assets such as trademarks, brand names, and an effective management team(assuming these were developed internally).
Utilizing the cost principle for short-term possessions and liabilities is the most understandable, given that an entity will not have belongings of them enough time for their worths to alter considerably prior to their liquidation or settlement.