Allocating Indirect Costs

Accounting for And Allocating Indirect Costs:

Allocating indirect costs are as important as direct job costs. Although, these costs are not directly related, they are still costs that need to be accounted for to obtain the true costs of the jobs.

So,  how do we account for these indirect costs?

For Further Reading:

Allocating Indirect Costs IRS.GOV

Study Plan Guide

As we are going through the study plan we will be using the following spreadsheet to track our progress.

Click on the following link to download your excel Study Plan Guide

Study Plan Guide

We will be using this guide as a check list and cliff notes during the study times.

Week 1 we will continue to cover the Accounting &

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Basic Accounting Policy for Contracts

In Accounting for contracts, the basic accounting policy decision is the choice between the two generally accepted methods: the percentage of completion method including units of delivery and the completed contract method.

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