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Managerial Cost Accounting

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Managerial Cost Accounting. Presented by. John Brewer. Office of the Chief ... Managerial Cost Accounting (MCA) involves accumulating and analyzing both ... – PowerPoint PPT presentation

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Title: Managerial Cost Accounting


1
Managerial Cost Accounting
  • Presented byJohn Brewer

2
Definition
  • Managerial Cost Accounting (MCA) involves
    accumulating and analyzing both financial and
    non-financial data to determine the costs of
    achieving performance goals, delivering programs,
    and pursuing other activities.

3
Statement of Federal Financial Accounting
Standards (SFFAS) 4
  • SFFAS 4 MCA Concepts sets five standards -
  • Accumulate and report the costs of activities
    regularly for management information purposes,
  • Establish responsibility segments, report the
    costs of segment outputs, and calculate the unit
    cost of each output,
  • Determine and report the full costs of government
    goods and services, including direct and indirect
    costs,
  • Recognize the costs of goods and services
    provided by other federal entities,
  • Use appropriate costing methodologies to
    accumulate and assign costs to outputs.

4
SFFAS 30 Inter-Entity CostFull Cost Provision
  • Effective October 1, 2008, SFFAS 30 requires
    full implementation of the inter-entity cost
    provision in the SFFAS 4.
  • Each reporting entitys full cost should
    incorporate cost of goods and services received
    from other entities.
  • The entity providing the goods and services must
    provide the receiving entity with the full cost
    of such goods and services either through billing
    or other advice.

5
Progress to Date
  • MCA Workgroup
  • Identified best practices/best practitioners
  • Shared best practices and tools
  • Identified impediments
  • Coordinating implementation of these managerial
    cost accounting practices into the new financial
    accounting system (FMMI)
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