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Managerial cost accounting, which focuses on the analysis and interpretation of cost information, is a cornerstone of the Chief Financial Officers Act passed by Congress in 1990 to foster improvements in general and financial management practices throughout the federal government. The way in which finance officials track cost information and integrate this information with programmatic data can materially affect the management and performance of any organization -- whether a for-profit entity or a federal agency. Recognizing that these officials must collaborate with program officials and provide analysis, evaluation, and value-added financial management activities, IEc employs fundamental accounting principles to translate an organization's operations into an objective set of values that can be reviewed to determine current performance and future prospects. Our proven success in supporting cost outreach and financial management activities hinges on our ability to orient the problem, understand the issues of concern, and develop clear, effective, yet practical solutions. In this pursuit, IEc staff often direct multi-stakeholder projects related to the requirements of the CFO Act, SSFAS Number 4, the GPRA, the FFMIA, and related OMB Circulars, including initiatives to improve financial performance and data integration under the President's Management Agenda.
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