Closing RemarksClosing Remarks

© Dale R. Geiger 2011 1

Congratulations!!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 PCAM Program of Instruction OverviewOverview

© Dale R. Geiger 2011 3

Fundamentals of Accounting

Cost EstimatingCost Explanation

Cost RelationshipsCost Tradeoffs

Accounting Basics Fund Accounting Financial Accounting External Costing Managerial Accounting

Variable/Fixed Cost Multi-Period Costing Direct/Indirect Cost Cost Allocation Breakeven Analysis

Flexible Forecasts Learning Curve Effects Cost Benefit Analysis Variance Analysis Cost Management AAR

Week One Week ThreeWeek Two

Further StudyFurther 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 ICAM Program of Instruction OverviewOverview

© Dale R. Geiger 2011 5

Understanding Cost Applying the ProcessLearning the Process

Accounting Basics Cost Relationships Cost Tradeoffs Cost Projection Cost Explanation

Cost Benefit Analysis CBA Examples Cost Management After Action Review Cost Management Cases

Cost Control Theory Org Based Control Role Based Control Output Based Control Change Management

Week One Week ThreeWeek Two

Call to ActionCall 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

ResourcesResources

Government Management InstituteWebsite: www.ManageGov.org29555 Sierra Rojo LaneValley Center, CA 92082phone: 909-336-6840info@ManageGov.org

© Dale R. Geiger 2011 7