Define: Cost Management

UK Accounting Glossary

Definition: Cost Management

What is the dictionary definition of Cost Management?

Dictionary Definition

Cost management is the process whereby companies use cost accounting to report or control the various costs of doing business.


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Cost Management. Payroll & Accounting Heaven Ltd. April 04, 2020
Chicago Manual of Style (CMS):
Cost Management. Payroll & Accounting Heaven Ltd. (accessed: April 04, 2020).
American Psychological Association (APA):
Cost Management. Retrieved April 04, 2020, from website:

Definition Sources

Definitions for Cost Management are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February 2020.