current-value accounting; fair-value accounting
Technical accounting term for valuing assets and liabilities at current market prices rather than historical cost. Often contrasted with 簿価会計 (book-value accounting).
See also: 簿価会計
Financial instruments are valued using fair-value accounting.
The introduction of current-value accounting made companies' financial positions more transparent.
簿価会計 (book-value accounting) values assets at historical cost, while 時価会計 uses current market prices.
mark-to-market accounting system
Compound of 時価 (current price, market value) and 会計 (accounting).