What is another word for cost accounting?
Pronunciation: [kˈɒst ɐkˈa͡ʊntɪŋ] (IPA) 
Cost accounting is a term used to refer to the process of tracking and analyzing expenses incurred by a company or organization. Synonyms for cost accounting include expenditure accounting and cost management. This involves monitoring expenses related to production, administration, and selling and distribution, among others. Other related terms include budgeting, forecasting, and variance analysis. The goal of cost accounting is to optimize business operations by identifying areas where costs can be reduced or eliminated. Effective cost accounting can result in increased profitability, improved decision-making, and enhanced financial transparency. Overall, synonyms for cost accounting emphasize the importance of managing costs as a critical aspect of overall business success.
