Difference between revisions of "Costing"

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1. ''Cost and management accounting.''
 
1. ''Cost and management accounting.''
  
The process of determining the cost of products or services.
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Costing is the process of determining the cost of products or services to be produced and supplied.
  
 
Such costings may then be used, in turn, to plan selling prices or other management decisions.
 
Such costings may then be used, in turn, to plan selling prices or other management decisions.
  
  
2.
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2. ''Noun.''
  
Proposed or estimated costs or prices for a product, service or activity.
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The term costings is also used more broadly for the proposed or estimated costs or prices for any product, service or activity.
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3. ''Verb.''
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Costing can also refer to the process of obtaining costings, as described in 2. above.
  
  
 
== See also ==
 
== See also ==
 
* [[Absorption costing]]
 
* [[Absorption costing]]
* [[Accounts]]
 
 
* [[Activity-based costing]]
 
* [[Activity-based costing]]
 
* [[Budget]]
 
* [[Budget]]
* [[CertICM]]
 
* [[Corporate financial management]]
 
 
* [[Cost centre]]
 
* [[Cost centre]]
 
* [[Direct costs]]
 
* [[Direct costs]]
* [[Financial reporting]]
 
 
* [[Fixed cost]]
 
* [[Fixed cost]]
 
* [[Indirect costs]]
 
* [[Indirect costs]]
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* [[Forecast]]
 
* [[Forecast]]
 
* [[Management accounting]]
 
* [[Management accounting]]
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* [[Marginal costing]]
 
* [[Process costing]]
 
* [[Process costing]]
* [[Profit centre]]
 
 
* [[Variable cost]]
 
* [[Variable cost]]
  
 
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 20:49, 6 February 2019

1. Cost and management accounting.

Costing is the process of determining the cost of products or services to be produced and supplied.

Such costings may then be used, in turn, to plan selling prices or other management decisions.


2. Noun.

The term costings is also used more broadly for the proposed or estimated costs or prices for any product, service or activity.


3. Verb.

Costing can also refer to the process of obtaining costings, as described in 2. above.


See also