Definitions

cost accounting

NOUN

accounting of production costs

Synonyms

WEAK

cost system cost-accounting system costing managerial accounting

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In many ways, true cost accounting is a modern and improved version of cost-benefit analysis, a method embedded in governmental decision-making in most advanced economies around the world.

From Salon • Feb. 28, 2024

True cost accounting seeks to make those externalities visible.

From Salon • Feb. 28, 2024

Under so-called "amortized cost" accounting, total returns from fixed income products are spread out evenly, with the goal of delivering steady gains irrespective of bond price fluctuations.

From Reuters • Dec. 14, 2022

If you need help determining the appropriate method for your industry, it’s advisable to consult a professional tax expert who understands the details associated with different cost accounting methods.

From Encyclopedia.com • Jun. 26, 2018

The set of books containing the cost accounting system of the farm was kept in this desk.

From Hidden Treasure by Simpson, John Thomas