HomeDefinitionsCompareDebt Historical Cost Accounting ConventionThe financial definition for Historical Cost Accounting Convention:An accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. Similar MatchesHistorical costHistorical costDescribes the accounting cost carried in the books for a current cost of the item. Historical exchange rateHistorical exchange rateAn accounting term that refers to the exchange rate in effect at the time an asset or liability is acquired. Historical trading rangeHistorical trading rangeThe range of price over which a security or a commodity has traded since listing on a exchange. Further SuggestionsHistorical volatilityClick to compare definitions of Historical Cost Accounting Convention Click to view definitions beginning hi |