Cost Accounting is the process of accumulating, analyzing, and reporting cost information related to grants, projects programs, and jobs. Cost Accounting activities range in scope from State-funded operational programs to Federally-funded grants and highway construction projects. The lifecycle of an activity may span a few months to several years. Cost Accounting in AFIS includes:
- Setting up cost structures after being awarded a grant or starting a project
- Tracking grant and projects
- Generating receivables for reimbursement from external funding sources
- Receiving revenues
- Reclassifying grant and project transactions if funding sources change over the lifecycle of the project or grant
Please Note: before registering for the Virtual Course you must complete the prerequisite listed on the Course in the Employee Learning Portal.
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