Although the stomach flu and food poisoning share some common symptoms such as diarrhea, nausea and vomiting, stomach cramps, muscle aches, for example, they are not exactly the same condition.
Costpoint is deployable on a companyâs servers in their own data center or as a cloud service hosted by Deltek. The user works with Costpoint exclusively through the browser or mobile apps, contributing to its ease of use.
Cost accounting systems identify and measure cost objects, which include anything to which costs are assigned. Tracing costs accurately helps firms to ensure they are making wise choices. In other words, past performance informs future success. However, determining cost tracing and allocation is more art than science, as it's difficult to trace costs with 100 percent accuracy.