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.


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Page URL
https://payrollheaven.com/define/cost-management/
Modern Language Association (MLA):
Cost Management. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 04, 2020 https://payrollheaven.com/define/cost-management/.
Chicago Manual of Style (CMS):
Cost Management. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/cost-management/ (accessed: April 04, 2020).
American Psychological Association (APA):
Cost Management. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-management/

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.