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Building Trust in Business: The New Role of Finance

There’s much to be admired about people in business: their ability to innovate, stimulate economies, and foster competition that leads to growth in standards of thought and leadership. But today’s businesses also suffer from a lack of trust among the world’s populations. Mention Enron, WorldCom,...

What Is Cost Allocation?

Cost allocation is the distribution of one cost across multiple entities, business units, or cost centers. An example is when health insurance premiums are paid by the main corporate office but allocated to different branches or departments. When cost allocations...