One of the several different sub-types of managerial accounting. It is used to provide a feedback loop on production issues related to large scale complex functions. A good example would be the construction of a hospital, the erection of a tower or installation of a manufacturing process system.
Phase costing takes accounting to the next level. Phase accounting (costing and accounting are interchangeable at this level of detail) can only be used with job costing. It is designed to break a job down […]