Cost accounting may not be the most exciting way for a business owner to spend a Friday night. However, understanding the basics of cost accounting can help you track costs, increase profits, and ...

Cost accounting in healthcare has never been more important, but is often considered too difficult, expensive or resource intensive for many healthcare organizations. Additionally, other critical ...

A full cost accounting system is designed to measure the complete, true costs of goods and services. While standard cash flow accounting practices focus on direct, current costs and expenditures, full ...

Auditing costs are going up for companies, in part due to new accounting standards for revenue recognition and leases, according to a new survey. Processing Content The survey, by FloQast, a provider ...

So where’s the relief? Public companies expected a spike in audit costs in 2004 as they moved to become compliant with rules under Sarbanes-Oxley accounting reform. The requirements for setting up ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

Until now, cost accounting as a useful tool in hospital financial decision-making has been widely ignored. Although the RCC (ratio of cost to charges) approach still used by 70 percent of healthcare ...

Almost without exception, companies make the claim that they won’t make their auditor decision based solely on fees. While fees are important, those charged with corporate governance (typically the ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

This explains why power, oil, gas, and coal companies fall under mandatory cost audit regulations. The key takeaway is that meeting turnover thresholds triggers strict compliance ...