Full Cost Accounting

{
  "id": "MLC-T-ENV-011839",
  "term": "Full Cost Accounting",
  "field": "Environment",
  "definition": "Desirable environmental accounting practices;. In the accounting profession, \"full cost accounting\" is a concept and term used in various contexts. In management accounting, \"full costing\" means the allocation of all direct and indirect costs to a product or product line for the purposes of inventory valuation, profitability analysis, and pricing decisions.",
  "references": [
    "EPA An Introduction to Environmental Accounting As a Business Management Tool: Key Concepts and Terms at http://nepis.epa.gov/Exe"
  ],
  "url": "https://mlchart.com/terminology/environment/full-cost-accounting/"
}