Federal Activity Costing, Analysis & Reporting

Federal Activity Costing, Analysis & Reporting (ACCT8010)

Federal Activity Costing, Analysis & Reporting

Description

Examine the need for, the legal, policy and performance accountability requirements, and the methodologies used in identifying, analyzing, and reporting costs of federal government activities, outputs and program outcomes. You will view the government as if it were a business entity and consider how a better understanding of the “cost of doing business” can lead to informed, metric driven management for more cost efficient, accountable government operations and performance. This course is part of the Master Certificate in Federal Financial Management (MCFFM)

Duration

3 days

Level

Intermediate

Who Should Attend?

Government officials, analysts and contractors who need to understand the importance of and methods for collecting, estimating, identifying, analyzing and reporting activity and program cost information.

Credits

1.8 CEU's, 24 CPE's

Learning Outcomes

Identify key legislation impacting cost identification, analysis and reporting Describe the federal budget process and its relation to cost identification and analysis Describe the fundamental concepts and views of Cost and their use in Cost Analysis Explain the value of cost identification, analysis and management Explain cost elements of Direct Cost, Indirect Cost, Fixed Cost, Variable Cost, and methods of identification and analysis Examine and discuss Statement of Federal Financial Accounting Standards (SFFAS) 4, Managerial Cost Accounting Explain Performance Based Budgeting and the necessity for sound cost analysis and cost tracking Identify the basic concepts and processes of accounting, and their use in cost identification and analysis Explain the value of Activity Based Cost (ABC) analysis to government operations Describe the cost tracking and analysis technique, Earned Value Management (EVM) and its value to management in government enterprises Discuss the difference between ABC and EVM

No sessions scheduled

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Advanced Federal Accounting (ACCT8004)
Federal Accounting Standards (ACCT7102)
Government Standard General Ledger (ACCT8100)
Federal Budgeting, Execution, and Accounting: The Relationship (FINC8300)
Planning, Budgeting and Performance Measurement (BUDG8180)
Decision Support Analytics (FINC8120)

Federal Activity Costing, Analysis & Reporting (ACCT8010)