In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...

Discover how absorption costing is used in GAAP for external reporting. Learn its components and why it's essential for understanding manufacturing costs.

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the second article in a multi-part ...

The FAIR model proposed by higher ed associations may be on the table for fiscal year 2027.

The burden rate can help you target profitability by exploring the relationship between direct and indirect costs. Many, or all, of the products featured on this page are from our advertising partners ...

Since 1947, the federal government has provided research institutions with funding for administrative and facilities costs such as rent, heating, and electricity in addition to direct costs for ...

Indirect costs (Facilities and Administrative (F&A) costs) are charged to externally sponsored awards, unless specifically prohibited by the funding agency. A percentage of indirect (F&A) costs ...

Western Illinois University has adopted a formal policy in response to the updated Legislative Audit Commission University Guidelines, found at https://www.ilga.gov ...