noun
market price basis; market price principle
Accounting term: the principle of valuing assets at current market prices, as opposed to historical cost. Often contrasted with 原価主義 (cost basis).
See also: 原価主義
時価主義会計では、資産を現在の市場価格で評価する。
Under market-price-based accounting, assets are valued at current market prices.
時価主義と原価主義のどちらを採用するかは、企業の会計方針による。
Whether to adopt the market price basis or the cost basis depends on the company's accounting policy.
原価主義 is the cost basis principle, valuing assets at their historical cost, whereas 時価主義 values them at current market prices.
Compound of 時価 (market price) + 主義 (principle, doctrine).