Management Concepts

Accounting for Revolving Funds and Reimbursables

Available dates

Dec 16—18, 2019
3 days
Washington, District of Columbia, United States
USD 889
USD 296 per day
Jan 8—10, 2020
3 days
Washington, District of Columbia, United States
USD 889
USD 296 per day
Feb 26—28, 2020
3 days
Washington, District of Columbia, United States
USD 889
USD 296 per day
+8 more options


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About the course

Revolving funds and reimbursables are integral to an organization’s ability to sustain operations. Understanding the accounting principles used in business operations is integral to the success of Federal financial managers responsible for these functions. You will learn the procedures related to business operations, including developing prices and producing financial statements. You will participate in an experiential capstone exercise in which you will demonstrate how these concepts are applied at an agency level and within the entire Federal government.

Learning Objectives

  • Comply with the most current policies and procedures affecting interagency business opportunities
  • Explain the procedures that will help avoid over-obligating, overexpending, or misusing reimbursable authority
  • Determine costs and set prices appropriate for business-like activities
  • Properly record interagency transactions
  • Report revenue and expenses in the Statement of Net Cost in accordance with federal standards

Course Topics

Federal Funding Options: Business Operations

  • Financing Federal Programs and Federal Funding Options
  • Offset to Outlays Receipts — Business Operations
  • Legislation Covering Business Operations
  • Comparison of the Three Major Funding Types
  • Benefits of Business Operations in Government

Interagency and Other Agreements and Authority

  • Federal Guidance for Business Operations
  • Obligational Authority for Business Operations

Accounting Transactions for Business Operations

  • Accounting Transactions for Business Operations
  • Purposes of Accounting for Operations and Authority
  • Budgetary and Proprietary Accounting
  • U.S. Standard General Ledger
  • Budgetary Accounting — Tracking the Status of the Authority
  • Proprietary Accounting — Tracking the Results of the Authority
  • Update USSGL Accounts
  • Provider Activity
  • Customer Activity
  • Revenue
  • Collecting Reimbursable Revenue
  • Review of the Provider/Customer Relationship

Cost Accounting: Determining Costs for Business Operations

  • Cost Accounting
  • Objectives of Business Operations
  • Key Issues
  • Guidance
  • Recognition and Recovery of Full Costs – Revolving Funds
  • Cost Accounting Requirements
  • Pricing
  • Unit Cost

Reporting on Business Operations: Financial Reports and Financial Statements

  • End-of-Year Federal Reporting Requirements
  • Financial Reporting

Capstone Exercise

  • Background
  • Additional Information
  • Accounting
  • T-Accounts and Trial Balance

Who should attend

This course is designed for Federal financial managers and accounting staff responsible for accounting transactions involving the sale of goods and services through working capital funds, other revolving funds, franchise funds, or reimbursable activities.

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