Finance for Nonfinancial Managers, Second Edition (Briefcase Books Series), 2nd Edition

Cost Accounting: A Really Short Course in Manufacturing Productivity

“Cost accounting” sounds redundant, doesn’t it? After all, isn’t all accounting about cost? Well, yes and no. To folks in the business of accounting and those most familiar with accounting practices, cost accounting is a special branch of the field that deals exclusively with the cost of making or buying a product or service that the company then sells to its customers. Costs that are the purview of the cost accounting specialists (known affectionately as cost accountants) are all the costs on the income statement between the Revenue line and the Gross Profit line, referred to ...