Managerial accounting which calculates, records and controls the operating costs of producing goods or services.

The branch of accounting that is concerned with recording and reporting business operating costs. It includes the reporting of costs by departments, activities, and products.

1. Determining the costs of products, processes, projects to report the correct amounts on the financial statements. 2. A specific example would be determining if a cost should be treated as a capital [..]

The accounting focused on determining the cost per unit of a manufacturer in order to value inventory and cost of goods sold. It is also used to determine unit costs of items processed in service busi [..]

Definition The process of identifying and evaluating production costs.

Cost accounting is the process by which direct costs are combined with indirect costs to arrive at a consistent and believable product cost. The art lies with the indirect costs. Everyone could agree on how much nine ounces of stainless steel costs in a product; how much of the quality assurance department, or machine depreciation should be assigne [..]

Procedures used for rationally classifying, recording, and allocating current or predicted costs that relate to a certain product or production process.

Cost accounting is the process of identifying and evaluating production costs. It is a type of accounting that focuses on recording, defining, and reporting costs associated with specific operating fu [..]

Cost accounting is an area of internal accounting that measures costs based on actual, normal and Standard costing. The data from cost accounting is used almost exclusively internally (e.g. by the com [..]

Procedures used for rationally classifying, recording, and allocating current or predicted costs that relate to a certain product or production process.

Focuses on the cost accumulation used for inventory valuations that are needed for external reporting and internal profit measurement.

That method of accounting which provides for accumulating and recording of all the elements of cost incurred to accomplish a purpose, to carry on an activity or operation, or to complete a unit of wor [..]

A branch of accounting that provides information to help the management of a firm evaluate production costs and efficiency.