Cost Accounting

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.

Additional Resources and Quick Reference Guides are provided under the tab "Federal/Cost Accounting" shown in the menu bar above.

The following resources listed below will assist with processing and navigation for Cost Accounting: