Meaning of “cost accounting” in the English Dictionary

business-english dictionary

"cost accounting" in Business English

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cost accountingnoun [ U ]

uk us

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.

(Definition of “cost accounting” from the Cambridge Business English Dictionary © Cambridge University Press)