Cost Accounting
Definition: Tracks and analyzes production costs; subset of managerial accounting
Scope:BroadDifficulty:Moderate
Tracks and analyzes production costs; subset of managerial accounting
StandardsIMA, CIMA
CertificationsCMA
GeographyUniversal
Related Terms
- Depreciation Expense(Primary)
- FIFO First-In First-Out(Primary)
- Contribution Margin(Primary)
Sub-topics (27)
- Standard Costing
- Activity-Based Costing ABC
- Job Order Costing
- Process Costing
- Marginal Variable Costing
- Absorption Full Costing
- Target Costing
- Kaizen Costing
- Life-Cycle Costing
- Backflush Costing
- Uniform Costing
- Direct Costing
- Resource Consumption Accounting RCA
- Quality Costing COQ
- Contribution Margin
- Contribution Margin Ratio
- Break-Even Point (Units)
- Break-Even Point (Dollars)
- Margin of Safety (Dollars)
- Margin of Safety (Percent)
- Degree of Operating Leverage (DOL)
- Target Profit (Units)
- Predetermined Overhead Rate
- Applied Overhead
- CVP — Cost-Volume-Profit
- ABC — Activity-Based Costing
- Cost Accountant
Related Subjects
Components
- Standard CostingSub-topic
- Activity-Based Costing ABCSub-topic
- Job Order CostingSub-topic
- Process CostingSub-topic
- Marginal Variable CostingSub-topic
Related
- Contribution MarginRelated term
- Depreciation ExpenseRelated term
- FIFO — First-In, First-OutRelated term
Subcategories
Articles (3)
External Links
- Cost accounting — Wikipedia