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 ?
Time-Driven Activity-Based Cost Accounting: A Critical Review, Journal of New Business Ideas & Trends, 16(3), 20-27.
Enter Reginald Tomas Lee, author of Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management.
Embedding cost accounting ledgers within the CloudSuite dimensional global ledger offers capabilities not previously achievable with other healthcare cost accounting products.
An exception to this general dearth is a recent study that indicates that management cost accounting continues to have many relevant purposes for U.S.
Output based control builds the cost review process along the lines of the products or services provided and is the most complex from the cost accounting perspective.
Vegetable Ghee and Cooking Oil Companies (Cost Accounting Records) Order required that the companies in this sector maintain cost records.
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.
In pursuance thereof, the SECP has extended the applicability of Synthetic and Rayon Companies (Cost Accounting Records) Order, 2012 until further order.
Cost accounting also makes it easier to track actual spoilage of individual food items (ingredients), as well as finished menu items/products (sandwiches, pizzas, etc.).
Specifically, DOD had not (1) maintained support for the existence, completeness, and cost of recorded assets; (2) structured its contracts at the level of detail needed to allocate costs to contract deliverables; (3) provided guidance to help ensure consistency for asset accounting; (4) implemented monitoring controls to help ensure compliance with department policies; (5) defined departmentwide cost accounting requirements; (6) developed departmentwide cost accounting capabilities; and (7) integrated its systems.
Modern business firms utilize a variety of cost accounting practices in an effort to manage expenditures and maximize profits.
Standard cost accounting, which made sense when single-line manufacturing plants were working nonstop to feed virtually unlimited demand, is
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