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

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

From Encyclopedia.com

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

From Encyclopedia.com

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.

From Salon

“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.

From Seattle Times