Cost accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. Cost accounting provides the detailed cost information that management needs to control current operation...
(from the article `accounting`) ...of cost finding are used to estimate the costs that have been incurred in a factory to manufacture specific products. The simplest of these ...
An area of management accounting which deals with the costs of a business in terms of enabling the m
Another term for expenditure. See also expenses.
Managerial accounting which calculates, records and controls the operating costs of producing goods or services
[n] - keeping account of the costs of items in production
noun keeping account of the costs of items in production
- Procedures used for rationally classifying, recording, and allocating current or predicted costs that relate to a certain product or production process.
an accounting system indicating the cost of items involved in production. Also called,