Learn about the benefits of cost accounting, how it differs from financial accounting, and the role it plays in businesses.

Wild swings in margin estimates under RIM calculations led Walmart executives to pull their profit guidance in May.

Functional Based Cost Accounting Basics. 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 ...

A: Yes. If the cost transfer involves a GL account, you should have approval from the GL accountant before the cost transfer form is sent to Grants Accounting for processing. Q: When a charge hits our ...

Diversity is not just nice-to-have in accounting, it can make firms more competitive. If accounting firms want to succeed, they must do more to advance Black women. Here’s why.

Cost accounting makes it easy to track the value of large assets on your books. Learn when to use it for your small business.

Accounting skills can help you get ahead in many fields. An accounting certificate offers career-focused training in less time than a degree for opportunities in bookkeeping, tax preparation and ...

GAAP-Approved Costing Methods. The generally accepted accounting matching principle requires manufacturing and service businesses to include direct and overhead expenses in product and service ...

This concept, called “true cost accounting,” has been slowly gaining traction over the last decade and it’s the subject of a new book, True Cost Accounting for Food: Balancing the Scale, published in ...

An imputed cost is one that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action.

Cost Transfer Questions Refer to the UTSA Research website for questions on cost transfers, including questions about form requirements, responsibilities, procedures, etc. You can also refer to the ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 ...