BNET Business Dictionary
Business Definition for: Accounting Cost
- the cost of maintaining and checking the business records of a person or organization and the preparation of forms and reports for financial purposes
Wiktionary Definition for: Accounting Cost
- (economics) The total amount of money or goods expended in an endeavour. It is money paid out at some time in the past and recorded in journal entries and ledgers.
Additional Resources
- Understanding Research and Development Accounting
- There's more than one way to account for Research and Development (R&D). A business using the accrual method of accounting will treat R&D costs as expenses. A business contracted to undertake R&D for another company might treat it as an operational cost. If that business retains an element of financial...
- Articles 2007-10-02
- The ALLTEL Pavilion case: strategy and CVP analysis.(cost volume profit)
- ABSTRACT: The ALLTEL Pavilion case is intended for the undergraduate management accounting or cost accounting course and the M.B.A. management accounting course. It provides an excellent context in which to examine strategic issues in using cost vo ABSTRACT: The ALLTEL Pavilion case is intended...
- Research articles 2004-11-01
- Why historical cost accounting makes sense
- As the Financial Accounting Standards Board FASB continues to march toward fair value accounting and away from historical cost accounting, it's a good time to consider the flaws of fair value accounting. Enron's demise, after all, has been partially blamed on fair value accounting. In addition, it has been suggested...
- Research articles 2008-08-01
- Identifying, Understanding & Using Cost Accounting To Create New Transportation Perspective And Actionable Opportunities
- From the executive summary: ‘Cost accounting can be a highly effective tool for creating the required results from freight cost negotiations. Establishing, implementing, and managing the process is dependent upon the unique character and culture of each company. Cost accounting for transportation and freight is not yet prevalent and its...
- White papers 2003-01-01
- The Rise and Fall of the Cost Accounting Standards Board
- How did the Cost Accounting Standards Board go from a heavyweight in the federal acquisition field in the 1970s to a weakened entity with no staff and few accomplishments today?The original Cost Accounting Standards Board CASB was established in 1971.1 Its aim was to bring more uniformity and consistency into...
- Research articles 2006-10-01
- Manager Of Government Accounting Compliance Job Description
- The Manager of Government Accounting Compliance job description template includes the following job summary: Serves as division's expert on government accounting to assure the division's compliance with existing government accounting regulations such as Federal Acquisition Regulations and Cost Accounting Standards. Keeps division management abreast of new regulations and amendments to...
- Tools & templates 2007-09-09
- LIFO vs FIFO Inventory Accounting at Home Depot
- Home Depot, Inc. announced a key change in accounting principals in its third quarter filing with the SEC. After adopting a new enterprise resource planning system, otherwise known in the wholesale-retail world as an “ERP†system, Home Depot is now keeping track of inventory values in its Canada retail operations...
- Blog posts 2008-12-27
- Performing a Cost/Benefit Analysis
- When you've put a lot of time and effort into developing an idea for a new project or initiative, you may be eager to get it approved and underway. Before you can get started, though, you must convince the decision-makers the project is worthwhile by determining its economic viability—which you...
- Articles 2007-10-29
- Manager Government Accounting Compliance
- The Manager Government Accounting Compliance job description template includes the following job summary: Serves as division's expert on government accounting to assure the division's compliance with existing government accounting regulations such as Federal Acquisition Regulations and Cost Accounting Standards. Keeps division management abreast of new regulations and amendments to government...
- Tools & templates 2007-09-09
- SBT Accounting Systems Acquires Comptrol, Inc.; Integrated Job Cost System Controls Construction and Project Costs SBT Pro Series Now Includes Key Job Cost Module
- SAN RAFAEL, Calif.--BUSINESS WIRE--Oct. 9, 1998--SBT Accounting Systems, a leading provider of financial accounting software, today announced the acquisition of Comptrol, Inc., of Redmond, Washington. Comptrol is a publisher of job cost software. The new SBT Job Cost module will be available for both SBT Pro Series 5.0, and...
- Research articles 1998-10-09
- Overhauling Cost Accounting Systems
- Cost accounting is on the one hand, it is perhaps one of the most difficult processes to reengineer, principally because it is so intertwined with the enterprise business processes of most companies. On the other hand, cost accounting is an integral part of the pricing decisions, the production systems and...
- White papers 1996-11-01
- Managerial Cost Accounting Policy
- This report establishes departmental policy for managerial cost accounting. Managerial cost accounting is the process of accumulating, measuring, analyzing, interpreting, and reporting cost information useful to both internal and external groups concerned with the way in which the organization uses, accounts for, safeguards, and controls its resources to meet its...
- White papers
- Managerial Cost Accounting Practices: Departments of Education, Transportation, and the Treasury
- Authoritative bodies have promulgated laws, accounting standards, information system requirements, and related guidance to emphasize the need for cost information and cost management in the federal government. This paper consists of a document which determines the extent to which federal agencies develop cost information and use it for managerial decision...
- White papers 2005-12-19
- Governmental Accounting Standards Board Issues Technical Bulletin to Clarify Accounting for Employers' Contributions to Cost-Sharing Pension and OPEB Plans
- NORWALK, Conn. -- The Governmental Accounting Standards Board GASB has published a staff Technical Bulletin, Recognition of Pension and Other Postemployment Benefit OPEB Expenditures/Expense and Liabilities by Cost-Sharing Employers. The Technical Bulletin clarifies the application of requirements regarding accounting for employers' contractually required contributions to cost-sharing pension and OPEB plans...
- Research articles 2004-12-30
- It Could Cost $32 Million for an Early Switchover To IFRS Accounting
- It could cost up to $32 million for a U.S. company to switch over to a new international accounting system if it chooses to be one of the first to do so, accorsing to a report by the U.S. Securities & Exchange Commission. About 110 companies could...
- Blog posts 2008-11-27
- Implementing Activity-Based Cost Accounting, Customer Profitability, and Product-Line Analysis In a Distribution Business
- This article talks about Transactions Analysis, Cost Driver Analysis, Activity-Based Cost Accounting, Customer Profitability Analysis, Product-Line Profitability Analysis, and Business Process Analysis, which are all "tools" for strategic profitability and cost management. This article mainly emphasizes on the prior work on strategic profitability and cost management, and also how the...
- White papers 2003-01-01
- Managerial Cost Accounting Practices: Leadership and Internal Controls Are Key to Successful Implementation
- This document consists of a report the objectives of which were to determine how federal agencies generate managerial cost accounting information as well as how governmental managers use cost information to support managerial decision making and provide accountability. It reveals that authoritative bodies have promulgated laws, accounting standards, information system...
- White papers 2005-09-02
- Retiree cost jumps to $2,500 under FASB, TPF&C finds. (Financial Accounting Standard Board)
- Retiree Cost Jumps To $2,500 Under FASB, TPF&C Finds The 1990 median cost of accruing for retirees' health benefits would climb from $340 to $2,500 per active employee when calculated under the new accounting rules issued by the Financial AccountRetiree Cost Jumps To $2,500 Under...
- Research articles 1991-02-04
- Medicis' Accounting Error Puts Spotlight on Solodyn Weakness; Allergan Rejoices
- Medicis stock tumbled roughly 16 percent yesterday after it announced that it would restate six years of its numbers due to an accounting error. But the magnitude of the fall seems to have drawn attention not to the vanity pharma company's inability to count beans, but the...
- Blog posts 2008-09-25
- ACCC issues sixth Telstra accounting separation current cost report.
- M2 PRESSWIRE-19 June 2006-ACCC: ACCC issues sixth Telstra accounting separation current cost reportC1994-2006 M2 COMMUNICATIONS LTD RDATE:19062006 The Australian Competition and Consumer Commission today issued the sixth current cost accounting report relating to Telstra. The report contains current...
- Research articles 2006-06-19
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