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 ...

Indirect costs, also known as facilities and administrative (F&A) costs or overhead, are expenses incurred by an organization in support of its overall operations that cannot be easily attributed to a ...

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 ...

Businesses incur a wide variety of expenses to fund their operations, which often includes paying wages to employees who perform services for the business. In business management and finance, labor ...

When running a small business, organizing for tax season can be stressful. During this time it's important to work with accountants to ensure that your financial statements are accurate and that all ...

It is important to understand the indirect costs that can be associated with a drug, as well as direct costs. This article was written by Tyler Ballinghoff, PharmD, a clinical pharmacist for ...

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 ...

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, ...

Businesses are always looking for ways to cut costs and improve their bottom line. One often-overlooked area for potential savings is indirect spending—the expenses that are not directly related to ...