under current accounting

USAGE SUMMARY

The phrase "under current accounting" is correct and usable in written English.
It can be used when discussing financial practices, standards, or regulations that are currently in effect. Example: "The company's financial statements must be prepared under current accounting standards to ensure compliance with regulations."

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

26 human-written examples

Renewed bioenergy dependency increases agricultural emissions under current accounting rules.

Encyclopedia of Agriculture and Food Systems

Under current accounting rules, companies can conceal profits made in tax havens by reporting consolidated results.

The Economist

Under current accounting guidelines, companies have wide latitude to determine when an investment loss is other than temporary.

The New York Times

Under current accounting rules, assets are disclosed so poorly that banks are allowed to keep mysterious exposures out of view.

The New York Times

Under current accounting rules, companies can assume they earned money because their pension funds grew in value, even if the funds actually went down.

The New York Times

The results in last year's quarter included the amortization of good will, which is no longer done under current accounting standards.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

34 human-written examples

Under the current accounting rules, it doesn't have to take that loss.

The New York Times

"If you replace a growing forest by energy crops under the current accounting rules of the EU, you may very well increase greenhouse gas emissions".

The Guardian

But under the current accounting rules for governments, officials can get in over their heads rather easily, without knowing it, because the current methods can understate the cost of benefits, making them look affordable even when they are not.

The New York Times

Under current Congressional Budget Office accounting rules, any transfer of federal land that generates revenue for the U.S. Treasury — whether through energy extraction, logging, grazing or other activities — has a cost.

The Washington Post

Previous studies indicated that accreditation activities were not specifically identified under current hospital accounting methods.

BMJ Open

Expert writing Tips

Best practice

When using the phrase "under current accounting", ensure that you are referring to the specific set of accounting standards or regulations that are currently in effect. Be precise about which standards you are referencing, especially if there are multiple sets of rules that could apply.

Common error

Avoid using "under current accounting" vaguely. Always specify which accounting standards (e.g. GAAP, IFRS) are being applied to prevent ambiguity and ensure clarity in financial reporting.

Linguistic Context

Under current accounting functions as a prepositional phrase modifying a verb or noun, indicating that an action or state is governed by the existing accounting standards. Ludwig AI showcases its use in specifying the framework for financial practices. This usage is deemed correct by Ludwig AI.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Formal & Business

33%

Science

33%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "under current accounting" is a prepositional phrase used to specify that actions or financial reporting are in compliance with existing accounting standards. Ludwig AI confirms its correctness, with common usage in professional contexts such as finance, business, and science. It's important to be specific about which standards you are referring to (e.g., GAAP, IFRS) to avoid ambiguity. Related phrases include "according to present accounting standards" and "following current accounting practices". This phrase helps ensure clarity and transparency in financial communications.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

according to present accounting standards

This alternative replaces "under current" with "according to present" while maintaining the focus on accounting standards.

following current accounting practices

This alternative substitutes "under" with "following" and "accounting" with "accounting practices", emphasizing the practical application of accounting.

in compliance with current accounting regulations

This phrase focuses on adhering to accounting regulations instead of just being under them.

within the framework of current accounting

This option uses a broader scope focusing on the whole framework of the accounting world.

based on today's accounting methods

Here the focus is on the actual methods instead of the general rules.

as per current accounting guidelines

The focus here is in giving the direction to guidelines.

in line with current financial reporting

This focuses more on financial reporting.

utilizing current accounting principles

Switches the focus on utilizing instead of under.

subject to prevailing accounting rules

The focus is now on subject to and prevailing.

guided by contemporary accounting norms

This swaps "under" with "guided by" and uses "contemporary" for current, shifting the emphasis.

FAQs

How do I use "under current accounting" in a sentence?

You can use "under current accounting" to specify that a certain financial treatment or reporting practice is dictated by the existing accounting standards. For example: "The company's assets are valued "under current accounting" rules."

What are some alternatives to saying "under current accounting"?

Alternatives include phrases like "according to present accounting standards", "following current accounting practices", or "in compliance with current accounting regulations". These options can provide a slight variation in emphasis while conveying the same core meaning.

Is it more appropriate to say "under current accounting standards" or "according to current accounting standards"?

Both "under current accounting standards" and "according to current accounting standards" are grammatically correct and widely used. The choice often depends on stylistic preference. However, "according to current accounting standards" might be perceived as slightly more formal and precise.

What's the difference between "under current accounting" and "under previous accounting"?

"Under current accounting" refers to practices and regulations that are presently in effect. "Under previous accounting" refers to rules that were used in the past but are no longer valid. It's important to specify the timeframe when discussing past practices to avoid confusion.