Search in full dictionary
COST ACCOUNTING
COST ACCOUNTING
ScnAdmin
the recording, breaking down, summarizing and analyzing of
operational
cost
data
as an aid to
management
. Cost
accounting
informs
management
of current areas of
cost
and makes
future
predictions with advices on obtaining greater financial
efficiency
. It is the
subject
of how to
produce
as much or more at a smaller
cost
.