Cost Accounting Issues:
Survey of Cost Accounting Practices at Selected Agencies
AFMD-90-17: Published: Feb 1, 1990. Publicly Released: Feb 1, 1990.
- Full Report:
GAO reviewed the cost accounting systems currently in use in the federal government.
GAO found that: (1) most agencies designed their own cost systems, using financial accounting standards instead of cost accounting standards; (2) there were significant differences in cost measurement standards; (3) agencies relied on various forms of reconciliation to ensure the integrity of cost data; and (4) agencies used cost accounting systems most frequently to obtain data for managing activities or programs and budget formulation.