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total cost accounting
- total cost accounting
- total cost accounting
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.
source: John Neville at http://www.sustainabilitydictionary.com/
- In voorbereiding (in preparation) >> nederlands
- Kerncompetentie (core competency) >> Ondernemen (undertake) >> Duurzaam Ondernemen (sustainability)
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