cost accounting

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  • noun

Words related to cost accounting

keeping account of the costs of items in production

References in periodicals archive ?
An exception to this general dearth is a recent study that indicates that management cost accounting continues to have many relevant purposes for U.
A contractor must comply with all 19 standards (full coverage) if its business unit receives a single CAS-covered contract award of $50 million or more or received $50 million or more in net CAS-covered awards during its preceding cost accounting period.
The author has organized the main body of his text in seven chapters, covering cost accounting in German and Anglophone countries, a review of prior research, his theoretical foundation and the development of his hypothesis, his research design, results, and conclusions.
The Commission considers that maintenance of the cost accounting record and cost audit reporting is necessary to foster efficiency and promote sustainable growth.
Cost accounting makes it much easier to track promotions, combos and menu changes.
With this as background, the question is whether managerial cost accounting is being performed in the Department of Defense (DoD) and, if it is, whether DoD managers are using the information it provides to help identify where improvements in efficiency might be possible--and if not, why not.
It is the importance of the cost accounting practices used by the U.
They include the basic tools of cost accounting common to all industries, using health care examples, as well as lesser-used tools than can be adapted to health care.
In a 1988 field study, Harris examined four high-tech manufacturing firms in Massachusetts to determine whether the information provided by their cost accounting systems had an impact on their success.
In Technical Advice Memorandum (TAM) 200609018, the IRS relied on traditional cost accounting principals to determine whether the costs of a taxpayer's engineering and procurement departments qualified as mixed service costs (MSC) that can be allocated between capitalizable activities and deductible activities under Regs.
Cost accounting is still an important skill for CMAs, of course.
It took me several years to realize that the cost accounting principles I learned in college didn't work that easily in a metalcasting facility environment.