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cost accounting |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
cost accounting n
(Economics, Accounting & Finance / Accounting & Book-keeping) the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities Also called management accounting cost accountant n ThesaurusLegend: Synonyms Related Words Antonyms
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| In Technical Advice Memorandum (TAM) 200609018, the IRS relied on traditional cost accounting principals to determine whether the costs of a taxpayer's engineering and procurement departments qualified as mixed service costs (MSC) that can be allocated between capitalizable activities and deductible activities under Regs. Contract Pricing and Cost Accounting Standards (DFARS Case 2003-D014) It took me several years to realize that the cost accounting principles I learned in college didn't work that easily in a metalcasting facility environment. |
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