How should cultural organizations evaluate costs?

By     May 16, 2012
Professor, University of Texas at Austin

Michael Granof

Michael Granof is a professor of accounting at the University of Texas at Austin, a member of the Federal Accounting Standards Advisory Board and the Governmental Accounting Standards Board. Here he suggests that when making program decisions the only costs that really matter are those that will change as a result of the decision and not the sunk costs.

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