Noun
keeping account of the costs of items in production
Source: WordNetABC 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