It stands for current cost accounting; an accounting method (valuation method) that uses current cost as a measure of value. It is designed to realistically enhance and improve book values (BV) by valuing assets at current market prices (current acquisition prices, fair market value or current replacement cost) rather than original cost (i.e., historical cost (HC)), while increases in the value of assets due to inflation are not considered in profit calculations (though it captures the effect of inflation on asset/ liability values).

CCA may also denotes a number of other specific terms including capital cost annuity, capital cost allowance, customer acquisition cost, among others.