United States Government Publishing Office
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United States
Government Accountability Office
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Government Organization
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government publication
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GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2006-09-21
monographic
deposited
born digital
43 p.
GA 1.13:GAO-06-1002R
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-1002R
P0b002ee18038539d
f:d061002r
DGPO
2010-08-12
2011-03-24
GAOREPORTS-GAO-06-1002R
machine generated
eng
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REPORT
GAOREPORTS-GAO-06-1002R
GAO-06-1002R
Accountability
Agency evaluation
Cost accounting
Decision making
Federal agencies
Federal agency accounting systems
Financial management systems
Internal controls
Reporting requirements
Accounting standards
Cost accounting standards compliance
Data collection
USDA Foundation Financial Information
System
Correspondence
A61344
Managerial Cost Accounting Practices: Department of Agriculture and the Department of Housing and Urban Development
Authoritative bodies have promulgated laws, accounting standards,
information system requirements, and related guidance to
emphasize the need for cost information and cost management in
the federal government. For example, the Chief Financial Officers
(CFO) Act of 1990 contains several provisions related to
managerial cost accounting (MCA), one of which states that an
agency's CFO should develop and maintain an integrated accounting
and financial management system that provides for the development
and reporting of cost information. Statement of Federal Financial
Accounting Standards No.4, Managerial Cost Accounting Concepts
and Standards for the Federal Government, and the Joint Financial
Management Improvement Program's (JFMIP) Framework for Federal
Financial Management Systems established accounting standards and
system requirements for MCA information at federal agencies. The
Federal Financial Management Improvement Act of 1996 built on
this foundation and required, among other things, CFO Act
agencies to comply substantially with federal accounting
standards and federal financial management systems requirements.
In light of the requirements for federal agencies to prepare MCA
information, Congress asked us to determine the extent to which
federal agencies develop cost information and use it for
managerial decision making. The objectives of our review were to
determine how federal agencies generate MCA information as well
as how governmental managers use cost information to support
managerial decision making and provide accountability. This
report summarizes information provided during our briefing to
Congressional staff on September 7, 2006, concerning our review
of MCA practices at the Department of Agriculture (USDA) and the
Department of Housing and Urban Development (HUD). This was our
fourth in a series of briefings concerning the status of MCA
activities at large government agencies.
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-1002R/html/GAOREPORTS-GAO-06-1002R.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-1002R/pdf/GAOREPORTS-GAO-06-1002R.pdf
GAO-06-1002R
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-1002R
Correspondence
GAO-06-1002R; Managerial Cost Accounting Practices: Department of Agriculture and the Department of Housing and Urban Development;
Accountability
Agency evaluation
Cost accounting
Decision making
Federal agencies
Federal agency accounting systems
Financial management systems
Internal controls
Reporting requirements
Accounting standards
Cost accounting standards compliance
Data collection
USDA Foundation Financial Information
System
United States Statutes at Large
Volume 104 Page 2838
104 Stat. 2838
United States Statutes at Large
Volume 110 Page 3009
110 Stat. 3009
United States Public Law 208 (104th Congress)
Public Law 104-208