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    thilak's Avatar
    thilak Posts: 3, Reputation: 1
    New Member
     
    #1

    Oct 3, 2008, 01:30 AM
    Budgetary terminology
    Please tell me the meaning of term "cost elements" in financial planning
    Thank you
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
     
    #2

    Oct 3, 2008, 02:19 AM
    Hi, thilak!

    Since you have posted your question in one of the business topic areas of this site, I did find on the following site definitions that might be helpful to you. I hope that they are.
    http://www.businessdictionary.com/de...t-element.html

    There are a number of links in the definitions that might also be helpful for you to click on.

    Cost Element

    Definition 1

    In activity based costing (which states that products consume activities and activities consume resources), cost of a resource or input consumed by an activity.

    Definition 2

    Specific function (or a group of functions) which is considered a specific entity for the purpose of estimating, controlling, and reporting costs.
    thilak's Avatar
    thilak Posts: 3, Reputation: 1
    New Member
     
    #3

    Oct 4, 2008, 11:27 AM
    Comment on Clough's post
    Yes. It helped

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