Similar to Cost Allocation,revenue Allocation Occurs When Costs Are Related

question 93

True/False

Similar to cost allocation,revenue allocation occurs when costs are related to a particular revenue object but cannot be traced to it in an economically feasible (cost-effective)way.

---

Definitions:

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Nonprofit Organizations

Entities that operate for a purpose other than generating profit, often focusing on addressing social, educational, charitable, or religious objectives.

Logic Model

A systematic and visual way to present the relationship between the resources, activities, outputs, and expected outcomes of a program or project.

Financial Management

The strategic planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization.