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.

Some programs used to evaluate their curricula on a three- or five-year cycle because foundational subjects like financial and cost accounting rarely changed.

From The Wall Street Journal • May 18, 2026

True cost accounting seeks to make those externalities visible.

From Salon • Feb. 28, 2024

Using true cost accounting, the report calculates that the global cost of the agrifood system in 2020 was up to US$12.7 trillion more than consumers paid at retail.

From Salon • Feb. 28, 2024

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 Government stated this proposition when it first undertook to put the space program on a priority basis: Scientific research has never been amenable to rigorous cost accounting in advance.

From The Practical Values of Space Exploration Report of the Committee on Science and Astronautics, U.S. House of Representatives, Eighty-Sixth Congress, Second Session by United States. Congress. House. Committee on Science and Astronautics.