As a small business owner, allocating costs through an accounting system is a necessary task. The process requires you to assign costs so that all components included in that cost are divided ...

The concepts of allowability, allocability, and reasonableness of costs address directly the legitimacy of a cost charged against a specific sponsored research award. Determination of allowability, ...

Decision trees are useful modeling tools to help you make decisions. Decision trees offer a structure to organize options and help you understand the possible results of choosing specific options.

Learn about imputed costs, often known as opportunity or implicit costs, which represent the forgone benefits when choosing one action over another with your assets.

Except where otherwise authorized by statute, costs must meet the following general criteria in order to be allowable under Federal awards: A cost is reasonable if, in its nature and amount, it does ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Entrepreneurs, small business owners and managers need ...

In this week’s Tax Geek Tuesday, we take a look at a case out of the Tax Court that should have tax advisors scrambling to see if an opportunity exists for their home-builder clients to defer ...

Somewhere, in the darkest recesses of our great nation, there resides an individual so damaged, so disturbed, that my recent awakening to their existence has shaken me to my core. A person who's inner ...

This policy statement has been updated to reflect the U.S. Office of Management and Budget’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR, ...