Historical cost accounting and mark-to-market, or fair value, accounting are two methods used to record the price or value of an asset. Historical cost measures the value of the original cost of ...

Other typical examples of overhead in cost accounting include indirect labor, indirect materials, utilities, and depreciation. Companies use cost accounting to identify the expenses associated ...

Accounting firms might ider each individual client a job. Job order costing determines whether a job is profitable by looking at its cost. A cost estimate provides a company with information about the ...

Departments can generate revenue for self-supporting programs and centers by charging approved fees. Learn about the different types of fees and how to develop a new fee or update an existing fee.

Because of its formality, prevalence, and strong roots, the accounting system plays an important role in organizations, and you have to pay attention to it. This chapter focuses on the relationship ...

Accurate cost calculations. Consistent operational practices to document revenue, costs and fees. Compliance with SUNY and university policies. Adequate internal controls. A departmental event billing ...