Cost-accounting systems refer to the processes and methods used by businesses to track and analyze their expenses. These systems are crucial for companies as they help to determine the profitability of an entity by comparing revenues with operating costs. Synonyms for cost-accounting systems include cost management, cost analysis, expense tracking, and expenditure control. Additionally, some other related terms to cost-accounting systems are financial reporting, budget forecasting, and activity-based costing. Regardless of terminology, the utilization of cost-accounting systems is essential for businesses to make informed decisions while maintaining financial stability and growth.