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

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

From Salon • Feb. 28, 2024

The Swette Center for Sustainable Food Systems at Arizona State University, which I direct, recently conducted a true cost accounting study of cow-calf operations in the Western U.S., in partnership with Colorado State University.

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

For instance, after the subject of cost accounts has been discussed, a Problem is given in which a knowledge of cost accounting principles is called for.

From Forging Ahead in Business by Various