Cost Principle Definition

Below please find a definition of “Cost Principle”

Financial Analysis Training & Glossary TermsCost Principle: The principle that makes it obligatory on a company to record its fixed assets at their historical cost is termed as the cost principle. By historical cost, it implies that the fixed assets cannot be recorded at their current market value.

Free MP3 Download:  To download our free 35 minute audio interview with expert Richard C. Wilson on how to succeed in the field of finance please click here.

Fast Financial Training: If you want to take your finance or business career to the next level you should explore our financial analysis certification program, or our training programs on financial modeling, investment banking, hedge funds, or private equity. All of these programs are offered on http://BusinessTraining.com

Expand Your Financial Vocabulary: Read more finance terms and definitions

Tags:  What is cost principle?, Cost principal example, Define cost principal, Cost principal definition, Company cost principle, Cost principal example, Cost principal accounting, Cost principal accounting example

About Richard Wilson