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When an environmental science program, for example, is staffed with faculty from biology, chemistry, and Earth science, the program is said to be
External Reporting
The process of preparing and presenting financial and other information to parties outside the organization.
Tax Reporting
The process of preparing and submitting financial information to the relevant tax authority, detailing earnings, expenses, and taxes owed.
Costing
The process of determining the cost associated with a product or service.
Absorption Costing
A strategy for calculating the cost of a product by encompassing all associated manufacturing costs, covering direct materials, direct labor, and overheads, both variable and fixed.
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