cost accounting
noun
: the systematic recording and analysis of the costs of material, labor, and overhead incident to production
Examples of cost accounting in a Sentence
Recent Examples on the Web
The Macy’s division this year has begun operating under the cost accounting method, which Spring said brings more transparency into item-level profitability, including the cost of goods and discounts, and should result in better buying and execution.
—
David Moin, WWD, 6 Mar. 2025
Year 3-4: Students engage in more specialized courses such as advanced financial accounting, managerial accounting, cost accounting, and strategic management.
—Bryce Welker, Miami Herald, 22 Feb. 2024
Moreover, historical cost accounting for securities holdings is inconsistent with transparency, which is central to effective bank supervision.
—Robert Litan, Fortune, 14 Apr. 2023
These standards were established to achieve uniformity and consistency in the cost accounting principles followed by contractors to estimate, accumulate and report costs and to require contractors to disclose in writing their cost accounting practices.
—Jennifer Eubanks, Forbes, 19 July 2022
So, take a hard look at your spending and make some changes (e.g., to a lower-cost accounting software).
—Mike Kappel, Forbes, 15 July 2022
The cost accounting system must identify what costs are considered direct and what costs are considered indirect.
—Jennifer Eubanks, Forbes, 19 July 2022
Large government contractors are required to comply with these cost accounting standards.
—Jennifer Eubanks, Forbes, 19 July 2022
Last month, leaders and advocates gathered at the first-ever UN Food Systems Summit to chart a course for transforming how food is produced around the world—which will require true-cost accounting.
—Rajiv J. Shah, Fortune, 22 Oct. 2021
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David Moin, WWD, 6 Mar. 2025
Year 3-4: Students engage in more specialized courses such as advanced financial accounting, managerial accounting, cost accounting, and strategic management.
—Bryce Welker, Miami Herald, 22 Feb. 2024
Moreover, historical cost accounting for securities holdings is inconsistent with transparency, which is central to effective bank supervision.
—Robert Litan, Fortune, 14 Apr. 2023
These standards were established to achieve uniformity and consistency in the cost accounting principles followed by contractors to estimate, accumulate and report costs and to require contractors to disclose in writing their cost accounting practices.
—Jennifer Eubanks, Forbes, 19 July 2022
So, take a hard look at your spending and make some changes (e.g., to a lower-cost accounting software).
—Mike Kappel, Forbes, 15 July 2022
The cost accounting system must identify what costs are considered direct and what costs are considered indirect.
—Jennifer Eubanks, Forbes, 19 July 2022
Large government contractors are required to comply with these cost accounting standards.
—Jennifer Eubanks, Forbes, 19 July 2022
Last month, leaders and advocates gathered at the first-ever UN Food Systems Summit to chart a course for transforming how food is produced around the world—which will require true-cost accounting.
—Rajiv J. Shah, Fortune, 22 Oct. 2021
Cite this Entry
“Cost accounting.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cost%20accounting. Accessed 25 Mar. 2025.
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