In recent years cost allocation has become something of an industry in its own right. Contemporary information technology has given banks the ability to allocate virtually any cost at any level of organization down to any line on the income statement.

Professional journals and well-intentioned consultants advise on proper methodologies for every type of cost and allocation, and financial analysts and systems experts regularly attend symposia dedicated to improving their skills in this highly visible activity.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.