Indirect recoverable costs are also known as Facilities

Indirect recoverable costs are also known as Facilities & Administrative costs. Bad debts are under the section of Educational and Non-Profit Institutions, in the sub-section Costs Principles for Educational Institutions. They are categorized under general provisions for selected items of cost which states that bad debts are not allowed. In such circumstances, losses that arise from uncollectible accounts and related collection and legal expenses are similarly categorized and are not allowed.
Security costs are under the same section of Educational and Non-Profit Institutions, in the sub-section Costs Principles for Educational Institutions and fall under the operations and maintenance expenses. The expenses under the operations and maintenance costs are those that have been used for the supervision, administration, preservation, operation, maintenance, and protection of the institution’s premises. Thus, security expenses include such items as care of grounds and security. Therefore, security costs are allowed.
Recruiting costs are under the section of Educational and Non-Profit Institutions, in the sub-section of Costs Principles for Educational Institutions and falls under the general provisions for selected items of cost. It states that, provided that the staff being recruited and maintained is within the requirements, the cost of advertising, cost of operating an educational testing program, operating costs of an employment office that are necessary in order to secure and maintain enough staff, the travel costs of the recruiting employees, travel costs for the interview applicants and relocation costs for the recruitment of new employees, are allowed, but only to the extent that these costs have a properly managed program for recruitment. In addition to that, where the institution prefers to use employment agencies costs not exceeding standard commercial rates for such services are allowed.
The best management tools that can be partaken in order to offset non-recoverable costs are the likes of the balanced scorecard. It is a widely and commonly used management tool that is highly effective. Thus by using the balanced scorecard management tool, it easy to keep track of how your staff performs and monitor the consequences or results of their actions. Therefore, in the long run, the balanced scorecard provides long-term cost savings.

x

Hi!
I'm Laurie!

Would you like to get a custom essay? How about receiving a customized one?

Check it out