cost accounting

Noun

Meaning

keeping account of the costs of items in production

Synonyms

Hypernyms

Hyponyms

Examples

ABC gets closer to true costs in these areas by turning many costs that standard cost accounting views as indirect costs essentially into direct costs. Source: Internet

Full cost accounting, triple bottom line, measuring well-being and other proposals for accounting reform often include suggestions to measure an "ecological deficit" or "natural deficit" alongside a social and financial deficit. Source: Internet

As a result, there is wide variety in the cost accounting systems of the different companies and sometimes even in different parts of the same company or organization. Source: Internet

By contrast, standard cost accounting typically determines so-called indirect and overhead costs simply as a percentage of certain direct costs, which may or may not reflect actual resource usage for individual items. Source: Internet

Definition IFAC Definition of enterprise financial management concerning three broad areas: cost accounting; performance evaluation and analysis; planning and decision support. Source: Internet

GPK is published in cost accounting textbooks, notably Flexible Plankostenrechnung und Deckungsbeitragsrechnung citation and taught at German-speaking universities. Source: Internet

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