A full cost accounting system is designed to measure the complete, true costs of goods and services. While standard cash flow accounting practices focus on direct, current costs and expenditures, full ...

Managers have many choices when it comes to accounting for inventory. Regardless of whether your small business uses a periodic or perpetual system, you must establish a method to determine the cost ...

Healthcare spending is expected to hit $6 trillion by 2027, up from $3.6 trillion in 2018, according to CMS’ national health expenditure projections. The spending projections mark an average annual ...

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 ...

Cost accounting is a process that involves recording, analyzing, and reporting a company's expenses in detail. Unlike ...

Although President Joe Biden’s American Rescue Plan Act of 2021 will benefit hospitals through its expansion of subsidies to private insurance coverage, forthcoming federal budget pressure from the ...

Every month, UPMC’s top brass gathers to study three very important green, red and blue squiggly lines that bounce up and down and up again across the length of several charts. The lines represent the ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common ...