Activity-based costing takes overhead costs from different departments and pairs them with certain cost objects. Lean accounting replaces traditional costing methods with value-based pricing.

Reviewed by David Kindness Fact checked by Ryan Eichler What Is Cost Accounting? Cost accounting is a process that involves recording, analyzing, and reporting a company's expenses in detail. Unlike ...

Understanding P/E ratios is crucial for assessing stock ... intrinsic value and then compare that value to the stock's current market price. GAAP is shorthand for generally accepted accounting ...