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Current Value Accounting and Its Influences
on Accounting Environment


Wei Cui



Abstract


Current Value Accounting is one of the hot spots of accounting researches. Three prevailing current value accounting methods are present value method, current entry price method and current exit price method. All these methods aim at adjusting the book value of assets and liabilities so that the information will not be distorted by the changing prices. The theoretical roots of these methods are similar and they can be taken as options to deal with the issue of capital maintenance and income recognition under a changing price environment. It is found current value accounting affects accounting environment greatly in aspects of standard setting, financial analysis and academic researches. However, it is not the right time for current value accounting to dominate the accounting practice due to several weaknesses of it. It is recommended......

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Approximate Word Count: 5048
Approximate Pages: 21 (250 words per double-spaced page)

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