Cost accounting is the recording of all the costs incurred in a business in a way that can be used to improve its management.
A cost sheet is a report on which is accumulated all of the costs associated with a product or production job. A cost sheet is used to compile the margin earned on a product or job, and can form the basis for the setting of prices on similar products in the future.
Hey joseph, as you asked for the cost accounting and cost sheet information so i found out important information regarding both terms. Well, i am uploading a document where you would find detailed information and answers of all your queries.