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 ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

Federal regulations require that similar costs be treated consistently as either direct costs or indirect costs, in like circumstances. This regulation imposes a requirement on the University to ...

The following items are a basic “checklist” of things to plan for and/or complete as early as possible when preparing to submit funding proposals. This is intended to be a helpful guide, but is not an ...

What Is a Cost Transfer? A cost transfer is an after-the-fact reallocation of costs, salary or non-salary to or from a sponsored project. To request a cost transfer involving a sponsored project, you ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...