Job costing is one of the forms of cost accounting. It is used in conjunction with financial accounting to alert management about profitability with production. A common thread that binds job costing is a signed contract.
One of the various types of accounting, financial accounting is the most type of accounting. Required for publicly traded companies, financial accounting follows the standards set by Generally Accepted Accounting Principles to create uniformity in reporting formats. Other forms of accounting include managerial accounting, trust accounting and fund accounting.