cost accounting

Definition of Cost Accounting in English :

1. cost accounting

keeping account of the costs of items in production

WordNet Lexical Database for English. Princeton University. 2010.

Cost Accounting

noun

the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities

. Also called: management accounting

Accounting

1.

a system for recording, analyzing, and allocating production and distribution costs

2.

the keeping of such records

n.

An accountant who keeps records of the costs of production and distribution.