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

• cost accountant noun

Etymology

Origin of cost accounting

First recorded in 1910–15

Example Sentences

The key is a method called true cost accounting, which examines the economic, environmental, social and health impacts of food production and consumption to produce a broader picture of its costs and benefits.

From Salon • Feb. 28, 2024

A true cost accounting approach can illuminate the need for multidimensional solutions.

From Salon • Feb. 28, 2024

Under so-called "amortized cost" accounting, total returns from fixed income products are spread out evenly, with the goal of delivering steady gains irrespective of bond price fluctuations.

From Reuters • Dec. 14, 2022

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

From Encyclopedia.com • Jun. 26, 2018

Each separate business, the bakeries, the pool room, the meat shop, was put on a cost accounting basis and the manager knew just which one was making or losing money.

From Consumers' Cooperative Societies in New York State by Consumers' League of New York, The