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  2. Cost accounting - Wikipedia

    en.wikipedia.org/wiki/Cost_accounting

    Modern cost accounting originated during the Industrial Revolution when the complexities of running large scale businesses led to the development of systems for recording and tracking costs to help business owners and managers make decisions. Various techniques used by cost accountants include standard costing and variance analysis, marginal ...

  3. True cost accounting - Wikipedia

    en.wikipedia.org/wiki/True_cost_accounting

    Although True Cost Accounting is a relatively recent term, it is not a new concept. It is closely linked to the concept of externalities, indirect costs or benefits to an uninvolved third party that arise as an effect of another party's (or parties') activity.

  4. Historical cost - Wikipedia

    en.wikipedia.org/wiki/Historical_cost

    Historical cost accounts are still used in most accounting systems; Disadvantages. Historical cost accounts give no indication of current values of the assets of a business; Historical cost accounts do not record the opportunity costs of the use of older assets, particularly property which may be recorded at a value based on costs incurred many ...

  5. Activity-based costing - Wikipedia

    en.wikipedia.org/wiki/Activity-based_costing

    Activity-based costing records the costs that traditional cost accounting does not do. The overhead costs assigned to each activity comprise an activity cost pool. From a historical perspective the practices systematized by ABC were first demonstrated by Frederick W. Taylor in Principles of Scientific Management in 1911 (1911.

  6. Cost–benefit analysis - Wikipedia

    en.wikipedia.org/wiki/Costbenefit_analysis

    Costbenefit analysis (CBA), sometimes also called benefitcost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. [1]

  7. Total cost of ownership - Wikipedia

    en.wikipedia.org/wiki/Total_cost_of_ownership

    Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs.

  8. Management accounting - Wikipedia

    en.wikipedia.org/wiki/Management_accounting

    The movement reached a tipping point during the 2005 Lean Accounting Summit in Dearborn, Michigan, United States. 320 individuals attended and discussed the advantages of a new approach to accounting in the lean enterprise. 520 individuals attended the 2nd annual conference in 2006 and it has varied between 250 and 600 attendees since that time.

  9. Environmental full-cost accounting - Wikipedia

    en.wikipedia.org/wiki/Environmental_full-cost...

    Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs [1] by collecting and presenting information about the possible environmental costs and benefits or advantages – in short, about the "triple bottom line" – for each proposed alternative.

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