What does cost accountant mean?
Definitions for cost accountant
cost ac·coun·tant
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost accountant.
Princeton's WordNet
cost accountantnoun
a specialist in the systematic recording and analysis of the costs incident to production
Wikipedia
cost accountant
Cost accounting is defined as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, allocating, aggregating and reporting such costs and comparing them with standard costs." (IMA) Often considered a subset of managerial accounting, its end goal is to advise the management on how to optimize business practices and processes based on cost efficiency and capability. Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future.Cost accounting information is also commonly used in financial accounting, but its primary function is for use by managers to facilitate their decision-making.
ChatGPT
cost accountant
A cost accountant is a professional who specializes in recording, analyzing, and interpreting financial information related to the costs of producing goods or services. They are responsible for budgeting, cost management, performance evaluation, and asset management within a company. Their role typically involves assessing the organization's operations and making recommendations to increase efficiency and profitability.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cost accountant in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of cost accountant in Pythagorean Numerology is: 7
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"cost accountant." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/cost+accountant>.
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