Dictionary definition: modified historical-cost convention

Dictionary definition: multicolumn reporting
A Dictionary of Accounting;      270 words ... ... The presentation of financial information prepared on different bases (e.g. historical-cost convention , modified historical-cost convention , replacement cost , etc.) in column form, each column representing a different basis. It ...

Article: 6 months ended 31 December 2000 #m 1999 #m MODIFIED ...
PR Newswire;  February 27, 2001 ;     700+ words ... ... FLOW STATEMENT 2000#m 1999#m Modified historical cost Group operating profit 342 451 Modified historical cost depreciation 260 249 Provisions ... plc have been prepared, under modified historical cost principles, on the basis ...

Article: ANALYSIS OF LATTICE GROUP CONSOLIDATED MODIFIED ...
PR Newswire;  February 27, 2001 ;     700+ words ... ... consol adj #m #m #m #m Modified historical cost Group operating profit ... 958 (34) 90 1,014 Modified historical cost depreciation 457 47 ... December 2000 1999 #m #m MODIFIED HISTORICAL COST TURNOVER 1,427 1 ...

Dictionary definition: alternative accounting rules
A Dictionary of Accounting;      371 words ... ... Companies Act (1985). These rules modify the historical-cost convention . According to the modified rules intangible assets may ... accounting rules are described as being prepared under the modified historical-cost convention .

Dictionary definition: historical-cost accounting
A Dictionary of Business and Management;      425 words ... ... to financial statements . Companies may also choose to use alternative accounting rules based on the modified historical-cost convention , in which certain assets are included at revalued amounts.

Dictionary definition: cost convention
A Dictionary of Business and Management;      260 words ...cost convention The custom used as a basis for recording the costs to be charged against the profit for an accounting period. The cost convention used may be based on historical cost , current cost , or replacement cost .

Dictionary definition: historical-cost convention
A Dictionary of Accounting;      243 words ...historical-cost convention A convention under which assets are carried in the books of account at their historical cost.