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2. Cost pool - Wikipedia

   en.wikipedia.org/wiki/Cost_pool

   Cost pools is an accounting term that refers to groups of accounts serving to express the cost of goods and service allocatable within a business or manufacturing organization. [1] The principle behind the pool is to correlate direct and indirect costs with a specified cost driver, so to find out the total sum of expenses related to the ...

3. Percentage-of-completion method - Wikipedia

   en.wikipedia.org/.../Percentage-of-Completion_method

   The accounting for long term contracts using the percentage of completion method is an exception to the basic realization principle. This method is used wherein the revenues are determined based on the costs incurred so far. The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability

4. Activity-based costing - Wikipedia

   en.wikipedia.org/wiki/Activity-based_costing

   Activity-based costing records the costs that traditional cost accounting does not do. The overhead costs assigned to each activity comprise an activity cost pool. From a historical perspective the practices systematized by ABC were first demonstrated by Frederick W. Taylor in Principles of Scientific Management in 1911 (1911.

5. Pooling (resource management) - Wikipedia

   en.wikipedia.org/wiki/Pooling_(resource_management)

   In acquisition, pooling of interest was a merger-accounting method that was taken out of the market in the United States by the Financial Accounting Standards Board on June 30, 2001. [1] The method combines the book value of assets and liabilities of the two companies to create the new balance sheet of the combined companies.

6. Completed-contract method - Wikipedia

   en.wikipedia.org/wiki/Completed-contract_method

   The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled.

7. Cost accounting - Wikipedia

   en.wikipedia.org/wiki/Cost_accounting

   Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the Industrial Revolution when the complexities of running large scale businesses led to the development of systems for recording and tracking costs to help business owners and managers make decisions. Various ...