The Lupus Foundation of America (Foundation) applies the standards set by the Financial Accounting Standards Board (FASB) and allocates its joint cost programs. Joint allocation costs, under ...

Not-for-profit entities (NFPs) are under constant pressure to devote an increasing portion of their expenditures to accomplishing their mission programs. While this goal sounds appealing, the NFP must ...

The Journal of Accounting Research publishes original research using analytical, empirical, experimental, and field study methods in accounting research. The journal had been published since 1963 by ...

While joint costs and common costs may, on the surface, appear very similar, they have a very different meaning in business accounting. Joint costs arise when the same resource results in two or more ...

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 ...