Cost Accounting Issues:

Survey of Cost Accounting Practices at Selected Agencies

AFMD-90-17: Published: Feb 1, 1990. Publicly Released: Feb 1, 1990.

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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.

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