Principles of Cost Accounting and Management (PCAM)
January 2014 — Present
PCAM is a 3-week instructor led training course taught at Ft Jackson, SC. This course can be instructed via mobile training team for organizations who need the training and meet the minimum course load requirements. This course provides the basic principles, concepts, and terminology related to cost analysis and cost management. Two-thirds of the course focuses on basic cost accounting processes and concepts while one-third is dedicated to the application and reinforcement of the concepts learned through practical exercise and case studies. This course is for all components - Active, National Guard, and Reserve. NCOs will hold the rank/grade of Sergeant/E5 to Sergeant Major/E9. Officers will hold the rank/grade of 2nd Lieutenant/O1 to Lieutenant Colonel/O5. Any civilian pay grade may attend. The target audience for this course is command designated cost experts or personnel who will fill command analyst positions. This course educates military and civilian personnel on fundamental cost analysis and cost management principles, theories, and application. This course is not intended to teach the mechanics of GFEBS, but will provide the knowledge needed to leverage GFEBS to its full potential and develop leaders' ability to think critically about controlling and managing costs while fully supporting commanders and the mission.