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.
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- 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.
More definitions of cost accountingDefinition of cost accounting in:
- The US English dictionary