Supply Chain Glossary - C

Supply Chain Glossary - C

current assets

An accounting/financial term (balance sheet classification of accounts) representing the short-term resources owned by a company, including cash, accounts receivable, and inventories. See: assets, balance sheet.

1) The current or replacement cost of labor, material, or overhead. Its computation is based on current performance or measurements, and it is used to address today's costs before production as a revision of annual standard costs. 2) An asset's value based on the cost of an identical asset purchased today.


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