What is job cost accounting? - Definition from WhatIs.com

Definition

job cost accounting

Part of the Project management glossary:

Job cost accounting is the process of assigning the costs you incur to a specific job you or your business is involved with. This term is widely used in the construction industry and it refers to allocating costs to individual construction projects at a company. With the proper system to do job cost accounting the end result is the ability to accurately report on your profitability per project.

This was last updated in February 2008
Posted by: Margaret Rouse

Related Terms

Definitions

  • story point (story points)

    - Story points are used in agile project management and development to determine the difficulty of implementing a particular story (business need). Elements considered in assigning a story point incl... (WhatIs.com)

  • critical path

    - The critical path is the longest sequence of tasks in a project plan. Each task must be completed before the next can be begun. (WhatIs.com)

  • negative float (negative slack)

    - Negative float or slack is time that must be made up on a task on a project's critical path so that it does not delay the completion of a project. (WhatIs.com)

Glossaries

  • Project management

    - Terms related to project management, including definitions about project management methodologies and tools.

  • Internet applications

    - This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.