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... > social science subjects > business and management > finance > financial management > accounting (finance) > international accounting > cost accounting
... > social science subjects > business and management > finance > financial management > accounting (finance) > management accounting > cost accounting

Preferred term

cost accounting  

Definition

  • Cost accounting is a process that involves accumulating, measuring, analyzing, interpreting, and reporting cost information for the purpose of internal and external decision making. It determines the cost of something through direct measurement, systematic and rational allocation, or arbitrary assignment. [Source: Encyclopedia of Business in Today's World; Cost Accounting]

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https://concepts.sagepub.com/social-science/concept/cost_accounting

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