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Course 5292 | Virtual | Classroom
Managerial Cost Accounting for Decision Support
Overview
Explore effective ways to gather, develop, provide, use, and analyze cost information to accurately determine the full cost of federal programs, their activities, and their outputs. This course emphasizes applying the requirements of SFFAS 4, Managerial Cost Accounting Concepts and Standards for the Federal Government, and introduces participants to the relationship between cost accounting, budgeting, and financial reporting. Gain an understanding of how cost information provides Congress, program managers, and the public with information used as the basis for making decisions about allocating federal resources; authorizing, adjusting, or eliminating programs; and assessing program performance.
Who Attends
This course is designed for federal financial management personnel who are responsible for updating, reviewing, or determining the accuracy and reliability of accounting data pertaining to cost for outputs and responsibility segments as well as those responsible for providing the support analysis for the Annual Performance Plan.
While this course does not use debit and credit entries, a familiarity with financial record keeping and reporting will be helpful.
Course Level: Advanced
CLP: 16 | CPE: 16
Duration: 2 Days
Price: $ 1169.00 
Course prices shown here do not include a credit card surcharge. Payments by ACH, EFT, or check do not include the surcharge and are offered at a lower price. At checkout, you may choose a payment method that avoids the credit card surcharge.
Course Details
Volume Discounts (5+ Seats)
Private Group TrainingAvailable Dates
Guaranteed to Run are designated with a 
September 3 - September 4, 2026
Class ID: 265292003
Virtual
9 AM - 5 PM EST
December 14 - December 15, 2026
Class ID: 265292004
Virtual
9 AM - 5 PM EST
Learning Objectives
- Explain basic managerial cost accounting terms and concepts
- Interpret current accounting principles
- Identify key cost information that can provide decision support for internal and external users of financial and nonfinancial information
- Apply current accounting standards to day-to-day events
- Recognize the impact of the accounting standards on financial reporting: full costing, traditional cost accounting methods, activity-based cost accounting, and reporting costs by outputs and outcomes
- Determine how organizational management components (i.e., planning, internal control, decision-making, and performance evaluation) apply to the fundamental principles of managerial cost accounting
- Discuss the interrelationship between cost accounting, budgeting, and financial and nonfinancial reporting
Additional Features
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