allocation means
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Definitions &Translations Wiktionary (0.00 / 0 votes) Rate this definition: allocation (Noun). The process or procedure for allocating things, especially money or other resources. The allocation of new permits is on a first-come, first-served basis.n a general sense, distribution for employment of limited forces and resources among competing requirements. Specific allocations (e.g., air sorties, nuclear weapons, forces, and transportation) are described as allocation of air sorties, nuclear weapons, etc. See also allocation (nuclear); apportionment.
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Cost allocation Cost allocation is a process of providing relief to shared service organization's cost centers that provide a product or service.In turn, the associated expense is assigned to internal clients' cost centers that consume the products and services.For example, the CIO may provide all IT services within the company and assign the costs back to the business units that consume each offering.n turn, the associated expense is assigned to internal clients' cost centers that consume the products and services. For example, the CIO may provide all IT services within the company and assign the costs back to the business units that consume each offering.
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Definitions &Translations Allocation(noun) an allotment or apportionment; as, an allocation of shares in a company. Allocation(noun) the admission of an item in an account, or an allowance made upon an account; -- a term used in the English exchequer.
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Memory Allocation Definition - What does Memory Allocation mean? Memory allocation is a process by which computer programs and services are assigned with physical or virtual memory space. Memory allocation is the process of reserving a partial or complete portion of computer memory for the execution of programs and processes. Memory allocation is achieved through a process known as memory management.
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Resource Allocation in Management: Methods, Process & Strategy Resource allocation is a process and strategy involving a company deciding where scarce resources should be used in the production of goods or services. A resource can be considered any factor of production, which is something used to produce goods or services.
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What is Resource Allocation? As it relates to project management in general, resource allocation involves the scheduling and use of materials, equipment, and labor in order to achieve the identified goal.
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Project/Grant Cost Accounting and Cost Allocation Cost Allocation allows a flexible, end-user-defined allocation of costs or revenues. Users define an allocation structure from which the system computes and posts the allocation of costs or revenues to the resulting accounting distributions (for example, Fund, Agency, Organization, Activity, Program, etc).
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allocated definition allocated. Costs that have been divided up and assigned to periods, departments, products, etc. In depreciation it is the asset's cost that is assigned to each of the years that the asset is in use. In cost accounting it is the assigning of common production costs to various production departments, product lines, individual products, activities.
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ALLOCATION 1. a share set aside for a specific purpose. 2. the act of distributing by allotting or apportioning; distribution according to a plan. 3. (computer science) the assignment of particular areas of a magnetic disk to particular data or instructions. Familiarity information: ALLOCATION used as a noun is uncommon.. the act of distributing by allotting or apportioning; distribution according to a plan. 3. (computer science) the assignment of particular areas of a magnetic disk to particular data or instructions. Familiarity information: ALLOCATION used as a noun is uncommon.
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- Glossary. 1  Client 2  : Cost allocation: the kind of accounting that allows assigning and allocating revenues and expenses to the different cost centers of the company. 3  Cost center: it is a part of the organization (usually identified with a functional area) that we use to allocate revenues and expenses.
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- Asset Allocation Fund. What is an 'Asset Allocation Fund'. An asset allocation fund is a mutual fund that provides investors with a portfolio of a fixed or variable mix of the three main asset classes - stocks, bonds and cash equivalents - in a variety of securities.
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Definitions &Translations 2. allocation-the act of distributing by allotting or apportioning; distribution according to a plan; the apportionment of seats in the House of Representatives is based on the relative population of each state. apportioning, apportionment, parceling, parcelling, assignation, allotment.n a general sense, distribution of limited resources among competing requirements for employment. Specific allocations (e.g., air sorties, nuclear weapons, forces, and transportation) are described as allocation of air sorties, nuclear weapons, etc.
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Resource Allocation in Higher Education Resource Allocation in Higher Education describes how colleges, universities, and government agencies can use budgeting processes to improve program planning and productivity. Drawn from the contributors' direct experiences as well as research findings, it blends conceptual foundations with practical insights. Many resource allocation processes in higher education need reform, and this volume will stimulate and assist that effort.
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Resource allocation In strategic planning, resource allocation is a plan for using available resources, for example human resources, especially in the near term, to achieve goals for the future. It is the process of allocating scarce resources among the various projects or business units.
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- Definition of allocate. allocated. ; allocating. transitive verb. 1 : to apportion for a specific purpose or to particular persons or things : distribute allocate tasks among human and automated components. 2 : to set apart or earmark : designate allocate a section of the building for special research purposes.
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- Allocation Base Definition : Allocation base is a measure of activity such as direct labor-hours or machine-hours that is used to assign costs to cost objects.Back to Home Page | Back to Managerial Accounting Terms Main Page.llocation base is a measure of activity such as direct labor-hours or machine-hours that is used to assign costs to cost objects. Back to Home Page | Back to Managerial Accounting Terms Main Page.
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- DEFINITION of 'Asset Allocation'. An investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon.trategic asset allocation is a portfolio strategy that involves setting target allocations for various asset classes, then periodically rebalancing the portfolio back to the original allocations ... Personal Finance.
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- : to divide and give out (something) for a special reason or to particular people, companies, etc. 1  allocate funds among charities. 2  Money from the sale of the house was allocated to each of the children. 3  We need to determine the best way to allocate our resources.
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parceling 1. apportionment-the act of distributing by allotting or apportioning; distribution according to a plan; the apportionment of seats in the House of Representatives is based on the relative population of each state.
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allocation 1. Finance: An authorization to incur expense or obligation up to a specified amount, for a specific purpose, and within a specific period. 2. The amount so authorized. The budget and finance committee increased the allocation for member education this year after several industry changes required new skill development. 17 people found this helpful Allocation of fees were being authorized by the board of directors who set up specific rules about the purpose that those fees served in the grand scheme of things. While traveling to a conference, in another state, for a training I received an allocation for food and lodging that helped immensely with costs.
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Cost Allocation Methods For Accurate Costing to Maximize Profits Cost allocation methods are generally used as a management accounting tool to help to get an accurate idea of the costs associated with various departments within an organization. Proper cost allocation is an essential element in ensuring that organizations are run efficiently and cost effectively.
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- Allocation. When a company makes a profit or losses occur, those amounts are allocated and sometimes distributed between members. The way profits and losses are split are normally stated in the LLC's operating agreement. This document specifies the proportion of profits and losses each member is entitled to. This is known as allocation and is designed for tax and accounting purposes. Members of LLCs are free to set up whatever proportion of allocations desired. For example, a company might split all profits equally between all members, or it might give certain members a higher percentage of profits.
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Cost allocation Cost Allocation Methods The very term allocation implies that there is no overly precise method available for charging a cost to a cost object, so the allocating entity is using an approximate method for doing so. Thus, you may continue to refine the basis upon which you allocate costs, using such allocation bases as square footage, headcount, cost of assets employed, or (as in the example) electricity usage.
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Glossary of construction cost estimating A. 1  Allocation of costs is the transfer of costs from one cost item to one or more other cost items. 2  Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. 3  As-sold estimate - the estimate which matches the agreed items and price for the project scope.
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Cost allocation Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs.Examples of cost objects are a product, a research project, a customer, a sales region, and a department.Cost allocation is used for financial reporting purposes, to spread costs among departments or inventory items.xamples of cost objects are a product, a research project, a customer, a sales region, and a department. Cost allocation is used for financial reporting purposes, to spread costs among departments or inventory items.
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DEFINITION of 'Comprehensive Tax Allocation' DEFINITION of 'Comprehensive Tax Allocation'. An accounting term that describes a form of interperiod tax allocation, a method of income analysis.It signifies a means of quantifying the net effect of taxation upon all book income transactions within a given period, such as a fiscal year, measuring after-tax income.n accounting term that describes a form of interperiod tax allocation, a method of income analysis.