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What is Cost Object
Cost object is the concept of management accounting (controlling). It represents the object to which the organization monitors the costs.

Cost object is the concept of management accounting (controlling). It represents the object to which the organization monitors the costs.

Use of the cost object in practice: Cost object can be anything, what the organization needs to monitor in terms of costs. Most cost objects are the main products, i.e. goods, services, specific product lines, organizational units, branches, strategic business units, regions, etc. Direct and indirect costs are then monitored to the cost object.

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Last update: 16.03.2016

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