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cost accounting |
Also found in: Financial, Encyclopedia, Wikipedia | 0.03 sec. |
cost accounting Noun the recording and controlling of all the costs involved in running a business cost accountant n
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| A company in the manufacturing sector may find that it makes more sense to hire cost accountants to help the business manage production costs and maximize profit than to add staff-level accountants to assist with quarterly reporting. The National Association of Cost Accountants, the predecessor of today's Institute of Management Accountants (IMA), is formed. Activity in the transportation, healthcare and manufacturing sectors is driving the need for bookkeepers, credit and collections specialists, and cost accountants in the East North Central region," Messmer noted. |
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