United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2007-05-24 monographic deposited born digital 18 p. GA 1.13:GAO-07-298R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-298R P0b002ee180371db9 f:d07298r DGPO 2010-08-12 2011-03-29 GAOREPORTS-GAO-07-298R machine generated eng fdlp REPORT GAOREPORTS-GAO-07-298R GAO-07-298R Accountability Accounting standards Cost accounting standards compliance Data collection Financial management Financial management systems Internal controls Management information systems Performance measures Systems evaluation Correspondence A69954 Authoritative bodies have promulgated laws, accounting standards, information system requirements, and related guidance emphasizing the need for accurate and reliable cost information 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 provides 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 (SFFAS) 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. In addition, the Federal Financial Management Improvement Act of 1996 required, among other things, that CFO Act agencies' systems comply substantially with federal accounting standards and federal financial management systems requirements. In light of the provision related to MCA information in federal agencies, we were asked to review the status of MCA in 10 of the largest civilian agencies. Our objectives were to determine how (1) federal agencies generate MCA information and (2) agency managers use cost information to support managerial decision making and accountability. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-298R/html/GAOREPORTS-GAO-07-298R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-298R/pdf/GAOREPORTS-GAO-07-298R.pdf GAO-07-298R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-298R Correspondence GAO-07-298R; Managerial Cost Accounting Practices at the Department of the Interior; Accountability Accounting standards Cost accounting standards compliance Data collection Financial management Financial management systems Internal controls Management information systems Performance measures Systems evaluation Volume 104 Page 2838 104 Stat. 2838 Volume 110 Page 3009 110 Stat. 3009