COST OBJECT Definition

Bookmark and Share

COST OBJECT is anything for which cost data is desired, e.g., products, product lines, customers, jobs, and organizational sub-units such as departments or divisions of a company.

Learn new Accounting Terms

OPEN ALLOTMENT is where there is no restriction as to an amount that may be taken from that which is being allotted.

SHORT TERM ASSET is an asset expected to be converted into cash within the normal operating cycle (usually one year), e.g. accounts receivable and inventory.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.