Open AccessCost Accounting Standards In Higher Education: Impact Of Required Changes
Author(s) -
Barbara Obester,
Sally K. Widener,
William G. Mister
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v17i3.2236
Subject(s) - accounting , activity based costing , cash , business , cost accounting , accounting standard , management accounting , financial accounting , actuarial science , accounting information system , finance
Beginning in January of 1995, certain institutions of higher education are required to comply with four Cost Accounting Standards and complete a disclosure statement. This study outlines these changes in cost accounting procedures and provides descriptive comments gathered through a survey of seventy universities with regards to these changes. Results indicate that complying with the revised rules affords universities the opportunity to review their costing practices and better train employees in costing procedures. However, the process has been costly in terms of both time and cash expenditures.