Meaning of the word "cost accounting" in English
What does "cost accounting" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost accounting
US /kɔst əˈkaʊntɪŋ/
UK /kɒst əˈkaʊntɪŋ/
Noun
the process of collecting, analyzing, and reporting the costs of a business's operations, products, or services
Example:
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Effective cost accounting helps businesses make informed decisions about pricing and production.
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The company implemented a new cost accounting system to track expenses more accurately.
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