What does TCO mean in Accounting?

This page is about the meanings of the acronym/abbreviation/shorthand TCO in the Business field in general and in the Accounting terminology in particular.

Total Cost of Ownership

Business » Accounting

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Definition

What does TCO mean?

Total cost of ownership
Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs. For manufacturing, as TCO is typically compared with doing business overseas, it goes beyond the initial manufacturing cycle time and cost to make parts. TCO includes a variety of cost of doing business items, for example, ship and re-ship, and opportunity costs, while it also considers incentives developed for an alternative approach. Incentives and other variables include tax credits, common language, expedited delivery, and customer-oriented supplier visits.

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"TCO." Abbreviations.com. STANDS4 LLC, 2021. Web. 25 Feb. 2021. <https://www.abbreviations.com/term/101160>.

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