Define and discuss the two main types of cost accounting systems for manufacturing operations. What are their similarities and differences?

The two main types of cost accounting systems are job order cost systems and process cost systems.​A job order cost system provides product costs for each quantity of product that is manufactured. Each quantity of product that is produced is called a job. This type of system is used by companies that manufacture custom products or batches of similar products.​A process cost system provides product costs for each manufacturing department or process. Process cost systems are used by companies that manufacture products that are indistinguishable from each other and manufactured using a continuous process.​They are similar in that both systems are widely used and a company may use both-job order for some products and process costing for others.