Parts and supplies needed by your firm to deliver services must be classified as inventory for service industry businesses. Generally accepted accounting principles specify that purchases in the two ...

For small businesses, proper accounting techniques can easily mean the difference between a profitable, well-run company and a struggling business. If a company accurately accounts for its expenses ...

Funding direct costs supports the expenses that can be specifically identified with a particular project such as researchers, supplies and travel. Funding indirect costs supports the critical ...

Every flu season, doctors instruct their patients in the basics of respiratory etiquette: To limit spread of the disease, wash your hands, cover your mouth when you cough and practice good hygiene.

“Homines dum docent discunt” (men learn while they teach). This sentence is from the seventh letter of Seneca to Lucilius 1. Seneca indicates that learning is a mutual process. For example, when ...

Germs are everywhere -- in the air, water, soil, and even on you. While many germs are harmless, some may trigger infections that can make you sick. When germs invade your body and multiply, this ...

Indirect Costs, also known as Facilities and Administrative Costs (F&A) or overhead, are institutional costs that are not specifically allocable to individual sponsored projects but are real costs ...