Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “cost accounting”

cost accounting

noun [U]
 
 
ACCOUNTING the process in which all the costs of a business activity or production process or activity are examined in order to help managers decide how to make profits or save money: We shall be implementing a new cost accounting system.
→ See also financial accounting, management accounting
(Definition of cost accounting from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cost accounting?
Add Cambridge dictionaries to your browser to your website

Word of the Day

microbrewery

a small company that makes beer, usually using traditional methods, and often has a restaurant where its beer is served

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More