Top 3 Cost Accounting FAQs

  1. Which F&A rate do I use? Which function? On-Campus or Off-Campus?
    Greater than 50% test used…what project is over 50% of the Salaries & Wages being charged to.
  2. I charge for services to other departments, does that qualify as a Service Center?
    It depends, needs to be ongoing not a one-time charge…Service Centers require a lot of compliance work, remember the 5 principles.
  3. Can I include the purchase price of Equipment in the Service Center?
    No, only can reserve an amount less than or equal to the annual depreciation expense in a Plant Fund.

Contact Information

PO Box 5227
427 McArthur Hall;
245 Barr Avenue
Mississippi State University
Mississippi State, MS 39762

Mailstop: 9602

Phone: 662-325-6325
Fax: 662-325-8394