cost accounting

American  

noun

1. an accounting system indicating the cost of items involved in production.

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cost accounting British  

noun

1. Also called: management accounting.  the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities

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Other Word Forms

Derived Forms

• cost accountant
  noun

Etymology

Origin of cost accounting

First recorded in 1910–15

Example Sentences

Some programs used to evaluate their curricula on a three- or five-year cycle because foundational subjects like financial and cost accounting rarely changed.

From The Wall Street Journal • May 18, 2026

In many ways, true cost accounting is a modern and improved version of cost-benefit analysis, a method embedded in governmental decision-making in most advanced economies around the world.

From Salon • Feb. 28, 2024

The first question people ask me about true cost accounting is whether using it will make food more expensive.

From Salon • Feb. 28, 2024

Once you have that completed, you will apply your preferred cost accounting method to those classifications.

From Encyclopedia.com • Jun. 26, 2018

Simplified cost accounting system per case. © 10Nov43; AA445860.

From U.S. Copyright Renewals, 1971 July - December by Library of Congress. Copyright Office