Cost accounting for law firms
Robert J. Arndt, James F. Rabenhorst, Price Waterhouse (Firm), American Bar Association. Section of Economics of Law Practice
American Bar Association, Jun 1, 1984 - Law - 59 pages
This work presents techniques for developing and implementing both a one time and ongoing cost accounting system for the small, medium, and large sized law office. The work discusses how cost accounting reports allocate the costs of the office among specific functions, products, and services provided by the firm.
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What Costs Are
Direct Costing and Marginal Contribution vs Full Absorption Costing and Net Contribution
Examples of OneTime and Periodic Studies
5 other sections not shown
Accounting for One-Time activity centers Actual Budget Fav allocate costs allocation basis American Bar Association amount analysis APPENDIX appropriate benefits and taxes billing lawyer billing rate billing value Budget Fav Unfav charge-out rate chargeable hours charged to clients chart of accounts charts Clark & King column copying cost accounting system cost accounting techniques cost and profitability cost pools Costs to Activity data processing determine direct costs employee benefit cost equipment estimated evaluating example Fees Figure firm administration cost firm allocates firm charges firm's firmwide fixed costs fringe benefits full absorption costing implement Imputed income indirect Jones & Smith large firm law firm marginal contribution measure profit method Miscellaneous monograph occupancy costs One-Time Studies ongoing cost accounting operations partner compensation practice area Price Waterhouse professional profit cen profit centers profit performance salaries service center costs staff Step telephone tion total costs unbilled word processing Year-to-Date Variance