Total Cost Accounting
Total cost accounting (TCA) is a financial tool used to provide a more complete assessment of the true profitability of an entity by taking into account a wider range of direct and indirect costs and savings. It uses longer time horizons that reflect the full economic or commercial life of the project, incorporates the time value of money, reveals hidden costs, and considers uncertain or less quantifiable costs.
Comments
Post a comment
References to this Definition
Attn Bloggers: If you use this term and want to have your blog cross referenced, use the trackback URL below to ping us.
http://www.triplepundit.com/mt/mt-tb.cgi/1415
Search
t:
- Thermohaline Conveyor
- Top-line
- Tax-shifting
- True-Blue Greens
- Trust
- Triple Top Line
- Triple Bottom Line
- Transparency
- Transmaterialization
- Tragedy of the Commons
- Total Quality Management
- Total Corporate Responsibility
- Tipping Point
- Time Value of Money
- Technical Nutrient
- Team
- Tangible Asset
- Take-back
- Tactic
Related Sites by Tag
From Delicious:
Total Cost Accounting
Time_Value_of_Money
From Technorati:
Total Cost Accounting
Time_Value_of_Money
Total Cost Accounting
Time_Value_of_Money
From Technorati:
Total Cost Accounting
Time_Value_of_Money
Total cost accounting (TCA) is a financial tool used to provide a more complete assessment of the true costs of a system, product or process by taking into account a wider range of direct and indirect costs and savings than used in more conventional accounting methods. It uses longer time horizons, such as the life cycle of a product or service, that reflect the full economic or commercial life of the project. TCA incorporates the time value of money, reveals hidden costs,and calculates costs often externalized by companies. These can include uncertain or less quantifiable costs such as the potential long-term impact on the biosphere.