Definition of cost accounting in English:

cost accounting

Syllabification: cost ac·count·ing

noun

The recording of all the costs incurred in a business in a way that can be used to improve its management.
More example sentences
  • In the wake of a spate of bankruptcies during 1997-98, the corporate sector is also emphasizing better cost accounting and more transparent balance sheet management.
  • Indeed, the elaboration of public enterprise in the Early Bronze Age led to the innovations of cost accounting and other managerial techniques.
  • The introduction of discounting techniques into accounting was one of the key innovations of the post-war years that helped to construct management accounting out of cost accounting.

Derivatives

cost accountant

noun
More example sentences
  • It should be the aim of every cost accountant to link up his system with the general accounts.
  • For the cost accountant, the clarity of these boundaries meant that a significant portion of their role would be defined by others and subject to external scrutiny.
  • Prior to coming, she was employed for four years as a field cost accountant.

Definition of cost accounting in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day flagitious
Pronunciation: fləˈdʒɪʃəs
adjective
(of a person or their actions) criminal; villainous