current value accounting
noun[U]
ukus(alsocurrent cost accounting);(alsofair value accounting)ACCOUNTING
amethodofaccountingbasedon thecostofreplacingassetsat thepricesthat would bepaidnow,ratherthan at thepricesthey wereoriginallyboughtfor:
Currentvalueaccountingcanyieldresultsthat aremateriallydifferent fromtraditionalaccountingbasedonhistoriccosts.