Accounting firms would be providing bookkeeping, payroll, VAT obligations, among other mainstream services. Beyond just reconciliation and filing taxes, ...

The cost accounting method, which assesses a company's production costs, comes in a few broad styles and cost allocation practices. However, cost accounting comes with advantages and disadvantages ...

Methods and analysis We will employ time-driven activity-based costing (TDABC) to quantify the capacity cost rates (CCR), and capital and recurrent costs associated with the implementation of PEN-Plus ...

But this has been delayed even as the government failed to take off the procedure as planned in January 2025. The Central Bank of Nigeria, CBN, had ordered all LG chairmen to set up a dedicated ...

The economics of costing are complex, and various methods exist with varying degrees of specificity at an individual level. ‘Gross-costing’ defines the cost of a resource at a highly aggregated level ...

The first meeting of the Federation Account Allocation Committee (FAAC) for this year has been scheduled for Wednesday with operational details for direct fund allocations to the LGs expected to ...

Mokwa said, “I think the governors were paid directly.” He, however, did not provide a specific timeline when direct payments to local councils would commence.

The apex court in its pronouncement in a lawsuit filed by the Federal Government against the 36 state governments on Thursday, ordered the Federal Government to henceforth, pay allocation meant ...

AB Volvo has patented a method for power allocation between electric machines in an electric vehicle’s powertrain. The method adjusts power distribution between the machines before and during ...

This article has addressed the allocation of direct and indirect costs. The next edition of the Cost Corner will address accounting for unallowable costs. FOOTNOTES [1] FAR 2.101. [2] FAR 31.001 ...