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

See Examples For:

cost accounting

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

Advocates of true cost accounting assert that its more nuanced approach will address shortcomings in traditional cost-benefit analysis – particularly, failing to consider social and health externalities in depth.

From Salon ● Feb. 28, 2024

True cost accounting seeks to make those externalities visible.

From Salon ● Feb. 28, 2024

If you need help determining the appropriate method for your industry, it’s advisable to consult a professional tax expert who understands the details associated with different cost accounting methods.

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