kostnaðarflokka
Kostnaðarflokka, a term of Icelandic origin, translates to "cost categories" or "expense classifications" in English. It refers to the systematic grouping of expenditures within a business or organization for the purpose of tracking, analyzing, and managing financial resources. These categories help in understanding where money is being spent and how it relates to different operational activities or departments.
Common kostnaðarflokka include direct costs, which are directly attributable to the production of goods or services,
The purpose of establishing kostnaðarflokka is multifaceted. It aids in budgeting by providing a framework for