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What is used to provide separate accounting and reporting for costs incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
Austine7
emergency and special program (ESP) code
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∙ 11y ago
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What you mean by cost accounting?
According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
What is the difference between imputed costs and book costs?
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
What is full accrual accounting?
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
When is revenue reconized in accurual accounting?
Revenue is recognized when it is incurred in accrual accounting while in cash based accounting revenue is recognized when actual cash is paid
What is the principles and characteristics of cost accounting management accounting and financial accounting?
Principles of Cost Accounting:- 1. It implies the cause ,and effect in the department in some way or the other to which it has incurred. 2. It takes place after it has incurred. 3. must not be on the determinance of prudence, it must be based on actual facts and figures. 4. past cost should not form the basis of future cost.
Is used to provide separate accounting and reporting for costs incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
What is used to provide separate accounting and reporting for cost incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
What is used to provide separate accounting and reporting for costs incured during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
What is the accrual concept of accounting?
The accrual concept concerns the matching of costs and revenues for the reporting period.
What you mean by cost accounting?
According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
What is the difference between imputed costs and book costs?
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
Accounting treatment of website development cost?
Expensed as incurred
What is full accrual accounting?
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
When is revenue reconized in accurual accounting?
Revenue is recognized when it is incurred in accrual accounting while in cash based accounting revenue is recognized when actual cash is paid
The definition of push down accounting?
A method of accounting wherein the financial report of the subsidiary reflects the parents cost incurred in acquiring the sub.
What are cost-reimbursement contracts?
In cost-reimbursement contracts, builders were paid for justifiable costs incurred during the project, while fixed-price contracts required builders to absorb any cost overruns themselves.
What is the principles and characteristics of cost accounting management accounting and financial accounting?
Principles of Cost Accounting:- 1. It implies the cause ,and effect in the department in some way or the other to which it has incurred. 2. It takes place after it has incurred. 3. must not be on the determinance of prudence, it must be based on actual facts and figures. 4. past cost should not form the basis of future cost.
