Closing Remarks Principles of Cost Analysis and Management

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Closing Remarks Principles of Cost Analysis and Management © Dale R. Geiger 2011 1

Closing Remarks Principles of Cost Analysis and Management © Dale R. Geiger 2011 1

Congratulations!! • On completing the most mathematically rigorous course in the Army Financial Management

Congratulations!! • On completing the most mathematically rigorous course in the Army Financial Management School • We’ve covered a lot of ground • Overview of several external accounting methods • Strong emphasis on cost measurement and analysis • • Cost relationships Cost tradeoffs Cost estimation Cost explanation • Introduction to Cost Benefit Analysis and Cost Management applications © Dale R. Geiger 2011 2

PCAM Program of Instruction Overview Week One Week Two Week Three Fundamentals of Accounting

PCAM Program of Instruction Overview Week One Week Two Week Three Fundamentals of Accounting Cost Relationships Cost Tradeoffs Cost Estimating Cost Explanation Accounting Basics Variable/Fixed Cost Flexible Forecasts Fund Accounting Multi-Period Costing Learning Curve Effects Financial Accounting Direct/Indirect Cost Benefit Analysis External Costing Cost Allocation Variance Analysis Managerial Accounting Breakeven Analysis Cost Management AAR © Dale R. Geiger 2011 3

Further Study • ICAM: the Intermediate Cost Analysis and Management Course • Offers more

Further Study • ICAM: the Intermediate Cost Analysis and Management Course • Offers more emphasis on application of cost analysis to the Army’s cost management and control needs • CMCC: the Cost Management Certificate Course • Offers a grad school level experience to prepare those who will drive change in their organization © Dale R. Geiger 2011 4

ICAM Program of Instruction Overview Week One Week Two Week Three Understanding Cost Learning

ICAM Program of Instruction Overview Week One Week Two Week Three Understanding Cost Learning the Process Applying the Process Accounting Basics Cost Relationships Cost Tradeoffs Cost Projection Cost Explanation Cost Benefit Analysis Cost Control Theory CBA Examples Org Based Control Cost Management Role Based Control After Action Review Output Based Control Cost Management Cases Change Management © Dale R. Geiger 2011 5

Call to Action • Learning has little value if it is not applied •

Call to Action • Learning has little value if it is not applied • THIS IS YOUR JOB • As an early graduate of PCAM, your newly acquired skills may not be known to your command • Your will find that bringing your cost analysis and management skills to the attention of superiors will be career enhancing • And hugely important to the Army’s Mission! © Dale R. Geiger 2011 6

Resources Government Management Institute Website: www. managegov. org 29555 Sierra Rojo Lane Valley Center,

Resources Government Management Institute Website: www. managegov. org 29555 Sierra Rojo Lane Valley Center, CA 92082 phone: 909 -336 -6840 info@Manage. Gov. org © Dale R. Geiger 2011 7

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Closing Receipts Concept Closing Receipts Closing Receipts StepClosing Receipts Concept Closing Receipts Closing Receipts Step
FY 2019 Closing What is Closing Purpose ClosingFY 2019 Closing What is Closing Purpose Closing
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