Question: What are the main elements necessary for ensuring that costs are appropriately charged? Obtaining approvals of the department and college prior to reimbursing the expense.

What are the main elements necessary for ensuring that costs are appropriately charged? Obtaining approvals of the department and college prior to reimbursing the expense. Charging excess to discretionary funds when not used in conjunction with a particular project. Requesting approval from the project coordinator for items that are considered unallowable. Applying allocable, allowable, consistent, and reasonable costing policies and procedures

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!