Current cost basis; market price basis

Japanese: 時価主義 - じかしゅぎ（英語表記）current cost basis; market price basis

It is a valuation standard that attempts to reflect the fluctuations in the general price level or market price at the time of valuation in asset valuation, and corresponds to the historical cost method. The basis for the current value method is the idea of maintaining real capital, which states that the amount of money required to replace consumed assets should be recovered, and also that it provides the latest information that is useful for the decision-making of various stakeholders of a company. The broader current value method also includes the modified cost method, which adjusts the acquisition cost in accordance with the fluctuations in the general price level. The narrower current value method is the method of valuing assets (or their utility) based on the amount of money that should flow in when the asset (or its utility) is sold outside the company, that is, the current value in the selling market (discounted present value method, selling current value method), and the method of valuing assets based on the amount of money required when purchasing assets within the company, that is, the current value in the purchasing market (replacement cost method, replacement cost method).

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

資産評価に評価時点での一般物価水準ないし市場価格の変動を反映させようとする評価基準で，原価主義に対応する。時価主義が主張される根拠として，費消した資産を再調達するのに必要な貨幣額を回収すべきであるとする実体資本維持の考え方があり，加えて企業の各種利害関係者の意思決定に役立つ最新の情報を提供できるという点も主張の根拠となっている。広義の時価主義には一般物価水準の変動にあわせて取得原価を修正する修正原価主義も含まれる。狭義の時価主義は資産 (またはその効用) を企業外部に売却すると仮定したときに流入すべき貨幣額すなわち売却市場における時価で評価する考え方 (割引現価主義，売却時価主義) と，資産を企業内部へ購入したときに要する貨幣額すなわち購入市場における時価で評価する考え方 (取替原価主義，再調達原価主義) がある。

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