On this occasion I will share a summary of the meaning of cost accounting according to the experts to the objectives of cost accounting itself, happy reading, hopefully it will be given ease in understanding the discussion this time …
Table of contents :
- Definition of Cost Accounting
- Understanding Cost Accounting According to Experts:
- According to Abdul Halim
- According to Kholmi and Yuningsih (2009: 1)
- According to Mulyadi (1999; 6)
- According to RA Supriyono (2000; 21)
- According to Schaum
- According to Carter and Usry
- Rayburn translated by Sugyarto (1999)
- Bastian and Nurlela (2006)
- Horngren, Desi Adhariani (2005)
- Purpose of Cost Accounting
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Definition of Cost Accounting
Cost Accounting is a process of collecting, recording, classifying, analyzing, summarizing, allocating, and evaluating various alternative actions and cost control.
The cost accounting function is to advise managers on the most efficient actions in terms of costs to produce a good or service.
Cost accounting provides the more detailed cost information needed by managers to control current operations and plans for the future. To better understand about cost accounting concepts.
cost accounting according to experts
Understanding Cost Accounting According to Experts:
According to Abdul Halim
Cost accounting is accounting that talks about determining the cost of a product that is produced (or sold in the market) both to fulfill orders and customers and to become inventory for merchandise to be sold.
According to Kholmi and Yuningsih (2009: 1)
Cost accounting is the process of tracking, recording, allocating, reporting, and analyzing various costs associated with the activities or activities of a company or organization to produce goods and services.
According to Mulyadi (1999; 6)
Cost accounting is the process of recording, classifying, summarizing and presenting the costs of making and selling a product or service, in certain ways, as well as interpreting them.
According to RA Supriyono (2000; 21)
Cost accounting is a branch of accounting which is a management tool in systematically monitoring and suppressing cost transactions and presenting cost information in the form of cost reports.
According to Schaum
Cost accounting is a procedure for recording and reporting the measurement results of the cost of producing goods or services. The main function of Cost Accounting: Carry out the accumulated costs for inventory valuation and revenue determination.
According to Carter and Usry
Cost accounting is the calculation of costs with the aim of planning and controlling activities, improving quality and efficiency, as well as making strategic routine decisions.
Cost accounting is a field of accounting devoted to the process of tracking, recording, and analyzing costs associated with the activities of an organization to produce goods or services.
Also Read: Understanding Cost
Cost is defined as the time and resources required and according to convention is measured in units of currency. The use of the word expense is when the cost has been used up.
As for accounting, which talks about determining the cost of a product that is produced or sold in the market both to fulfill messages from the customer or to become an inventory of merchandise to be sold.
Rayburn translated by Sugyarto (1999)
Cost accounting is identifying, defining, measuring, reporting, and analyzing various elements of direct and indirect costs related to the production and marketing of goods and services (p.3).
Bastian and Nurlela (2006)
Cost accounting is a field of accounting that studies how to record, measure, and report the cost information used (p. 2).
Horngren, Desi Adhariani (2005)
Cost Accounting provides the information needed for management accounting and financial accounting.
Cost accounting measures and reports any financial and non-financial information related to the cost of obtaining or utilizing resources in an organization (p.3).
Purpose of Cost Accounting
According to Bastian and Nurlela (2009), the purpose of cost accounting is to present accurate and precise financial information needed by management who manages a company effectively.
Therefore, it is necessary to group these objectives whether they are in accordance with the information used so that cost grouping can use the concept of different course different costs.
