Business Commons^™

Improved Accounting Helps Nonprofit Manufacturers, Michael Lee, Dan Robison

Accountancy Faculty Publications and Presentations

Prosperous manufacturing companies have accounting systems that can provide managers with product costs and allocation information for improved decision-making.

Product cost information is influential, because it provides insight regarding product margins and business profitability. Managers with effective-cost accounting systems can make informed decisions about manufacturing operations and product mix.

Assignment Of Income At The Ivory Tower: Relaxing The Tax Treatment Of Services Donated To Charities By Their Employees, Mark J. Cowan

Accountancy Faculty Publications and Presentations

When a faculty member donates time to a college or university by, for example, teaching a summer course for no compensation, the federal income tax treatment of the donation can take one of two forms. One possibility is that the donation will have no tax consequences. The faculty member realizes no income from the donation and gets no charitable deduction. A second possibility is that the faculty member will be required to recognize taxable income equal to the value of the services provided and then may (subject to certain limits) be allowed a charitable contribution deduction. In many cases, the …