cost accounting

noun

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

cost accounting

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

Other Word Forms

• cost accountant noun

Word History and Origins

Origin of cost accounting¹

First recorded in 1910–15

Example Sentences

Using true cost accounting as a guide, policymakers could reallocate some of these vast sums of money toward production methods that deliver net-positive benefits, such as expanding organic agriculture, agroforestry and sustainable fisheries.

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If you company cannot control the financial dealings of that second company, then the cost accounting method is a better choice.

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

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This could hypothetically happen through public subsidies and stricter production standards linked to receipt of government funds, or a true cost accounting formula that took into account all the externalities of feed production.

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“The way the bill was written effectively asks you to do cost accounting for every repair. The administrative expense of that is more than the repair,” Flynn said.

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