{"id":10561,"date":"2023-10-30T19:04:00","date_gmt":"2023-10-30T13:34:00","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=10561"},"modified":"2023-10-30T19:05:27","modified_gmt":"2023-10-30T13:35:27","slug":"cost-accounting-meaning","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/","title":{"rendered":"Cost Accounting &#8211; Meaning, Types, And More"},"content":{"rendered":"\n<p>Cost accounting is a method used by companies to classify, monitor, and record costs associated with the production of goods and services. It helps in determining the total production cost, forecasting financial necessities, and making informed decisions.<\/p>\n\n\n\n<p>This article explains several types of costs, including fixed, variable, direct, indirect, and operational, and how they play into cost accounting. It also dives into the differences between cost accounting and traditional accounting methods, presenting the unique role cost accounting plays in making a company more efficient and cost-effective. Through this accounting system, companies can control expenses, increase productivity, and make better production decisions, thereby ensuring profitable business operations.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#What-is-cost-accounting\" title=\"What is cost accounting?\">What is cost accounting?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#Return-on-equity-Highlights\" title=\"Return on equity: Highlights\">Return on equity: Highlights<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#Types-of-costs\" title=\"Types of costs\">Types of costs<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#Cost-accounting-Vs-financial-accounting\" title=\"Cost accounting Vs financial accounting\">Cost accounting Vs financial accounting<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#Types-of-cost-accounting\" title=\"Types of cost accounting\">Types of cost accounting<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#Why-is-cost-accounting-used\" title=\"Why is cost accounting used?\">Why is cost accounting used?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#How-does-cost-accounting-differ-from-traditional-accounting-methods\" title=\"How does cost accounting differ from traditional accounting methods?\">How does cost accounting differ from traditional accounting methods?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/glossary\/cost-accounting-meaning\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-cost-accounting\"><\/span><strong>What is cost accounting?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"326\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/10\/Cost-Accounting-1024x326.jpeg\" alt=\"\" class=\"wp-image-10700\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/10\/Cost-Accounting-1024x326.jpeg 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/10\/Cost-Accounting-300x96.jpeg 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/10\/Cost-Accounting-1536x489.jpeg 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/10\/Cost-Accounting-1024x326@2x.jpeg 2048w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/10\/Cost-Accounting-300x96@2x.jpeg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>It is defined as the process of classifying, tracking and recording expenses related to the total production of goods and services in order to aid forecasting, planning, budgeting and decision-making.\u00a0<\/p>\n\n\n\n<p>This accounting procedure is used by management to estimate the cost of manufacturing products or services by accessing and analysing each step of production. In other words, cost accounting is a process used to ascertain a company&#8217;s total production and cost value.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-37fca231\"><h2 class=\"uagb-heading-text\"><span class=\"ez-toc-section\" id=\"Return-on-equity-Highlights\"><\/span>Return on equity: Highlights<span class=\"ez-toc-section-end\"><\/span><\/h2><\/div>\n\n\n\n<ul>\n<li>Cost accounting is used to understand the total cost incurred by a company for manufacturing a product or service.<\/li>\n\n\n\n<li>The objective of cost accounting is to determine the efficiency of a company&#8217;s production process.<\/li>\n\n\n\n<li>Cost accounting is further classified into four types &#8211; Standard costing, marginal costing, activity-based costing and lean costing.<\/li>\n\n\n\n<li>Cost accounting is not the same as financial or traditional accounting.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Types-of-costs\"><\/span><strong>Types of costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"267\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/types-of-costs-1024x267.jpeg\" alt=\"\" class=\"wp-image-10563\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/types-of-costs-1024x267.jpeg 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/types-of-costs-300x78.jpeg 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/types-of-costs-1536x401.jpeg 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/types-of-costs-1024x267@2x.jpeg 2048w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/types-of-costs-300x78@2x.jpeg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<ol>\n<li><strong>Fixed costs<\/strong><\/li>\n<\/ol>\n\n\n\n<p>It is also called indirect or overhead costs, which can be defined as those costs that are incurred, irrespective of other variables, i.e., these costs are independent of the output or production levels. Rent, salary, equipment <a href=\"https:\/\/www.tickertape.in\/glossary\/depreciation-meaning\/\">depreciation<\/a> etc., can be classified under fixed costs.<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>Variable costs<\/strong><\/li>\n<\/ol>\n\n\n\n<p>These are those that are dependent on output or production levels in a company. Raw material costs can be a primary example here, where the value constantly fluctuates based on several factors. Shipping costs, delivery fees, supplies costs etc., can also be classified as variable costs.<\/p>\n\n\n\n<ol start=\"3\">\n<li><strong>Direct costs<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Any expense or production costs that a company incurs directly to make a product or service are called direct costs. Labour, manufacturing supplies etc., come under direct costs. For instance, to manufacture a shoe, the direct costs can be the price of leather, rubber, shoe laces etc. Direct costs are also a type of variable cost where the value constantly fluctuates.&nbsp;<\/p>\n\n\n\n<ol start=\"4\">\n<li><strong>Indirect costs&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p>These are those that cannot be directly traced back to a product or a service. In the same example as above, electricity charges, shipping costs etc., will all be classified as indirect costs.&nbsp;<\/p>\n\n\n\n<ol start=\"5\">\n<li><strong>Operational costs<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Any expense a company incurs for its day-to-day activities can be classified as operating costs. Now, these costs can be variable or fixed, depending on the industry, the nature of the product or service and more.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Cost-accounting-Vs-financial-accounting\"><\/span><strong>Cost accounting<\/strong><strong> Vs financial accounting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the world of accounting, many use cost accounting interchangeably with financial accounting. But, both cost and financial accounting are different concepts.&nbsp;<\/p>\n\n\n\n<p>Let&#8217;s read about the difference between cost accounting and financial accounting.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Differences on the basis of&nbsp;<\/strong><\/td><td><strong>Cost accounting<\/strong><\/td><td><strong>Financial accounting<\/strong><\/td><\/tr><tr><td>Meaning&nbsp;<\/td><td>Cost accounting is a system of accounting used by businesses and organisations to track various costs incurred over time.<\/td><td>Financial accounting is a system of accounting that records financial data, depicting the financial position of a company.<\/td><\/tr><tr><td>Use<\/td><td>Cost accounting is generally used by the management of companies.<\/td><td>Financial accounting finds its employment among creditors, shareholders, investors, and more.<\/td><\/tr><tr><td>Time<\/td><td>Cost accounting may be prepared as and when required by the management.<\/td><td>Financial accounting helps prepare financial statements, which are released quarterly or annually.<\/td><\/tr><tr><td>Data<\/td><td>Cost accounting makes use of both historic and predetermined costs.<\/td><td>Financial accounting uses only historical data.<\/td><\/tr><tr><td>Analysis<\/td><td>Cost accounting is used to study the overall cost structure of the company, like direct costs, production costs and more.<\/td><td>Financial accounting analysis of the profit and loss, revenue and expenditure over a period of time.<\/td><\/tr><tr><td>Purpose<\/td><td>Cost accounting can help a company understand its costs, how to control them and how to bring in higher productivity.<\/td><td>Financial accounting can help understand the overall financial health of a company.<\/td><\/tr><tr><td>Format&nbsp;<\/td><td>No set format is used for presenting the information.<\/td><td>Financial statements need to be prepared in a set format.<\/td><\/tr><tr><td>Forecast<\/td><td>It may be possible to employ forecasting techniques.<\/td><td>There is no scope for forecasting or estimation.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Types-of-cost-accounting\"><\/span><strong>Types of cost accounting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"291\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/cost-accounting-1024x291.jpeg\" alt=\"\" class=\"wp-image-10564\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/cost-accounting-1024x291.jpeg 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/cost-accounting-300x85.jpeg 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/cost-accounting-1536x436.jpeg 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/cost-accounting-1024x291@2x.jpeg 2048w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/cost-accounting-300x85@2x.jpeg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>Cost accounting can further be classified into four types &#8211;<\/p>\n\n\n\n<ol>\n<li><strong>Standard costing &#8211;<\/strong> This costing process predetermines the cost of production based on production efficiency and standards.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"2\">\n<li><strong>Activity-based costing (ABC) &#8211; <\/strong>Activity-based costing is based on the process of identifying fixed\/overhead costs from each manufacturing activity to determine efficiency and manpower allocation<\/li>\n<\/ol>\n\n\n\n<ol start=\"3\">\n<li><strong>Marginal costing &#8211;<\/strong> Marginal costing is the additional cost that a company will need to incur to manufacture one additional unit of goods.&nbsp;<\/li>\n<\/ol>\n\n\n\n<ol start=\"4\">\n<li><strong>Lean costing &#8211;<\/strong> Lean accounting uses the philosophy of lean manufacturing and production to save time and cost by focusing on value-adding activities and eliminating the rest.&nbsp;<\/li>\n<\/ol>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Why-is-cost-accounting-used\"><\/span><strong>Why is <\/strong><strong>cost accounting<\/strong><strong> used?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cost accounting is used by business organisations and manufacturing companies to understand their cost structure and measure efficiency in terms of cost and time. It can help the management understand if its resources are being employed productively and where production gaps exist, if any.&nbsp;<\/p>\n\n\n\n<p>Another advantage of cost accounting is that it can help a business make better production decisions. For instance, assume XYZ Ltd is a juice company. Using cost accounting, XYZ Ltd can determine profitable and non-profitable activities and raw material prices, manage stock, oversee labour productivity per unit, forecast supply and demand, plan for loss aversion, and more.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How-does-cost-accounting-differ-from-traditional-accounting-methods\"><\/span><strong>How does <\/strong><strong>cost accounting <\/strong><strong>differ from traditional accounting methods?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Traditional accounting typically allocates manufacturing overhead costs against units, labour hours and more. This allocation could be more efficient because it is based on a single factor. Though simpler to understand, this may give the internal management an inaccurate picture of the production cost.<\/p>\n\n\n\n<p>In comparison, cost accounting provides better flexibility and visibility and can be moulded depending on specific requirements.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Companies use many accounting procedures to analyse their costs, expenses, and financial standing. Cost accounting is a procedure used to specifically read the total cost incurred by a company for producing a good or service. This accounting method classifies expenses into various categories based on their type and occurrence. It helps a company closely understand its production value and output, aiding decision-making.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-6c7f8e25 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-b0ed9ab1\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What is cost accounting?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Cost accounting is a system of accounting that tracks a company&#8217;s entire cost or production for a given period. This is done by accessing and analysing the various types of costs incurred.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-c39f633a\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What are the four types of cost accounting?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">The four types of cost accounting are standard costing, lean costing, marginal costing and activity-based costing (ABC).\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-3194495e\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>Why is cost accounting used?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Cost accounting is used to analyse a company&#8217;s cost structure. It helps understand a company&#8217;s efficiency and various costs incurred for production activities.\u00a0<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cost accounting is a system of accounting that tracks a company&#8217;s entire cost or production for a given period. Read more about it, types, how it is different from traditional method, and more.<\/p>\n","protected":false},"author":90,"featured_media":10562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[1929],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/05\/2-1-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Anjali Chourasiya","author_link":""},"uagb_comment_info":3,"uagb_excerpt":"Cost accounting is a system of accounting that tracks a company's entire cost or production for a given period. 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