cost accounting

noun

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

cost accounting

noun

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

Derived Forms

• cost accountant, noun

Other Words From

• cost accountant noun

Word History and Origins

Origin of cost accounting¹

First recorded in 1910–15

Example Sentences

The character of the records compiled from this data determines the real value of the entire system of cost accounting.

From Project Gutenberg

Scientific research has never been amenable to rigorous cost accounting in advance.

From Project Gutenberg

Industry needs experts in scientific management, in mental hygiene, in cost accounting—in fields innumerable.

From Project Gutenberg