Download or read book Compilation of the FY 1996 Army Financial Statements at the Defense Finance and Accounting Service Indianapolis Center written by and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service (DFAS) Indianapolis Center maintains the Army departmental accounting records and compiles the Army General Fund financial statements. The audit objective was to determine whether the DFAS Indianapolis Center consistently and accurately compiled financial information from field activities and other sources into the FY 1966 Consolidated Financial Statements of the Army General Fund. We evaluated the processes, including internal controls and methods that the DFAS Indianapolis Center used to compile the Army FY 1996 General Fund financial statements. In addition, we reviewed the adequacy of the internal control program as it applied to our objectives.

Download or read book Compilation of FY 1995 and FY 1996 DOD Financial Statements at the Defense Finance and Accounting Service Indianapolis Center written by and published by . This book was released on 1996 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audit objective was to determine whether the Defense Finance and Accounting Service, Indianapolis Center, consistently and accurately compiled financial data from field entities and other sources into the FY 1995 Consolidated Financial Statements for the Army General Fund. We evaluated the processes, including internal controls and methods, that the Defense Finance and Accounting Service, Indianapolis Center, used to compile the Army FY 1995 General Fund financial statements. We also assessed actions in preparation for the compilation of financial data for the FY 1996 financial statements for the other DoD organizations that are the responsibility of the Defense Finance and Accounting Service, Indianapolis Center. In addition, we examined the controls over the preparation of accounting adjustment vouchers for Defense appropriations other than the Army General Fund. We also reviewed the adequacy of the management control program as it applied to our objectives.

Download or read book Compilation of FY 1996 Air Force Consolidated Financial Statements at the Defense Finance and Accounting Service Denver Center written by and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, requires the Inspector General, DoD, to audit the DoD financial statements. We delegated the audit of the FY 1996 Air Force Consolidated Financial Statements to the Air Force Audit Agency. The Defense Finance and Accounting Service (DFAS) Denver Center maintained accounting records and prepared the FY 1996 financial statements for the Air Force. More than $342 billion in total assets was reported at year's end in these statements, and total revenues for the year exceeded $59 billion. The Air Force Audit Agency disclaimed an opinion on these statements. Our audit focused on the Chief Financial Officers Reporting System used by the DFAS Denver Center to compile the FY 1996 Air Force financial statements. The DFAS Denver Center developed the Chief Financial Officers Reporting System at a cost of $586,750. The primary audit objective was to determine whether the DFAS Denver Center consistently and accurately compiled financial data from field activities and other sources for the FY 1996 Air Force financial statements. We also determined whether FY 1996 ending balances reported by the DFAS Denver Center were supportable for use as beginning balances in the FY 1997 financial statements. In addition, we evaluated the DFAS Denver Center's compliance with applicable laws and regulations and its internal control program as related to our objectives. Although significant financial management challenges remain, the DFAS Denver Center completed corrective actions on 16 of 28 prior recommendations made by the Inspector General, DoD, to improve the process of compiling the Air Force financial statements.

Download or read book Compilation of the FY 1996 Financial Statements for Other Defense Organizations written by and published by . This book was released on 1998 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the third and final report on the Defense Finance and Accounting Service (DFAS) Indianapolis Center's compilation of the 1996 financial statements for Other Defense Organizations. This report also summarizes conditions affecting the compilation process as reported in previous Inspector General, DoD, audit reports. We performed the audit in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, which requires that DoD provide audited financial statements to the Office of Management and Budget. The DoD consolidated financial statements for FY 1996 included financial statements for a new reporting entity entitled "Other Defense Organizations." The entity represents a consolidation of financial information from various Defense agencies and organizations. The DFAS Indianapolis Center is responsible for preparing financial statements for Other Defense Organizations from information generated by multiple accounting systems and submitted by 23 accounting offices. During FY 1996, the 42 Defense organizations, funds, and accounts included in Other Defense Organizations were appropriated $39 billion, and their financial statements showed total assets of $45.7 billion, liabilities of $2.7 billion, revenues and financing sources of $46.7 billion, and expenses of $46.5 billion. Audit Objective. The overall audit objective was to determine whether the DFAS Indianapolis Center consistently and accurately compiled data received from field accounting organizations and other sources for the financial statements for Other Defense Organizations. Specifically, we evaluated whether the compilation of Other Defense Organizations financial information for the FY 1996 financial statements was complete, and whether the Notes to the financial statements fully disclosed material discrepancies and additional information relevant to the statements.

Download or read book Compilation of the FY 1997 Army General Fund Financial Statements at the Defense Finance and Accounting Service Indianapolis Center written by and published by . This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This audit was performed in response to the Chief Financial Officers Act of 1990, as amended by the Government Management Reform Act of 1994. DoD Directive 7650.3 requires that all recommendations be resolved promptly. Our audit objective was to determine whether the DFAS Indianapolis Center consistently and accurately compiled financial data from field activities and other sources for the financial statements of Army General Fund. We reviewed management controls and compliance with laws and regulations related to the objective. Audit Results. The DFAS Indianapolis Center compilation of financial data from field entities and other sources into the FY 1997 Army General Fund financial statements was not in compliance with applicable laws and regulations. The use of status of appropriations data and expenditure data is an unacceptable interim method for compiling the Army General Fund financial statements. This interim compilation process has been in place for over six years. The Army General Fund financial statements, taken as a whole, will not be auditable until a transaction-driven, integrated accounting system based on general ledger accounting is implemented Army-wide.

Download or read book Compilation of the FY 1999 Army General Fund Financial Statements at the Defense Finance and Accounting Service Indianapolis Center written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Compilation of the FY 1998 Army General Fund Financial Statements at the Defense Finance and Accounting Service Indianapolis Center written by Inspector general Dept. of defense arlington va and published by . This book was released on 1999 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our objective was to determine whether the DFAS Indianapolis Center consistently and accurately compiled financial data from field activities and other sources for the FY 1998 Army General Fund financial statements. We also reviewed management controls and compliance with laws and regulations related to the objective.

Download or read book Comprehensiveness of the FY 1996 Other Defense Organizations Financial Statements written by and published by . This book was released on 1997 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary audit objective was to determine whether the Defense Finance and Accounting Service Indianapolis Center consistently and accurately compiled financial data received from field accounting organizations and other sources for the financial statements of "Other Defense Organizations. Specifically, we evaluated whether the Defense Finance and Accounting Service Indianapolis Center included all of the required appropriation accounts in the FY 1996 "Other Defense Organizations" financial statements. In addition, we evaluated internal controls and compliance with laws and regulations, as they related to our audit objectives. A subsequent report will discuss other issues on the preparation of the financial statements for "Other Defense Organizations." Audit Results. The FY 1996 financial data prepared by the Defense Finance and Accounting Service Indianapolis Center for the "Other Defense Organizations" financial statements was not comprehensive and complete. Specifically, the Defense Finance and Accounting Service Indianapolis Center excluded from the FY 1996 "Other Defense Organizations" financial statements.

Download or read book Inspector General United States Department of Defense Semiannual Report to the Congress April 1 1998 September 30 1998 written by and published by DIANE Publishing. This book was released on with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Control of Database Applications at the Defense Finance and Accounting Service Indianapolis Center written by and published by . This book was released on 1997 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Defense Finance and Accounting Service Financial Systems Organization, under the control of the Deputy Director for Information Management, Defense Finance and Accounting Service, is responsible for financial management systems operations and policy at the Defense Finance and Accounting Service centers. The Defense Finance and Accounting Service Indianapolis Center is responsible for compiling the Army general fund financial statements. To accomplish this responsibility, database applications are used for processing the financial data received from DoD field accounting entities and for compiling the financial statements. During FY 1996, database applications processed general ledger data totaling about $ 1.7 trillion and generated Army general fund financial statements with assets totaling about $201 billion and expenses totaling about $64.7 billion.

Download or read book Our Destiny Better Financial Management and Stewardship Organization of the Guide to the Department of the Army FY 1996 Annual Financial Report written by and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document is designed as a guide to the Department of the Army FY 1996 Annual Financial Report. It is intended to provide readers with an understanding of key financial information as it relates to decision making within the Army and compliance with related legislative requirements. This guide focuses on financial and program management information from the FY 1996 Annual Financial Report for general funds, which was prepared by the Army and the Defense Finance and Accounting Service - Indianapolis Center (DFAS-IN), as required by the Chief Financial Officers Act of 1990, as amended.

Download or read book Defense Finance and Accounting Service Work on the Navy General Fund 1996 Financial Statements written by and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our audit focused on the Defense Finance and Accounting Service Kansas City Center, which compiled financial information and prepared both budgetary reports and internal financial statements for the Marine Corps, and on the Defense Finance and Accounting Service Cleveland Center, which consolidated the financial information for Navy and Marine Corps and compiled the financial statements for the Department of the Navy. The Navy financial statements reported assets of $453.4 billion, liabilities of $13.3 billion, total revenues of $63.2 billion, and expenses of $63.3 billion for the fiscal year ended September 30, 1996. The Naval Audit Service was unable to render an opinion on the Statement of Financial Position because of inadequate financial systems and incomplete and unauditable supporting records. We concurred with the Naval Audit Service. (For details, see "Department of the Navy Fiscal Year 1996 Annual Financial Report: Report on Auditor's Opinion," March 1, 1997.) The overall audit objective was to determine whether the Defense Finance and Accounting Service (DFAS) Cleveland and Kansas City Centers consistently and accurately compiled financial data from field activities and other sources for the FY 1996 Navy General Fund and Navy Defense Business Operations Fund financial statements. We did not review the compilation of the Navy Defense Business Operations Fund financial statements because the final version of the statements was not issued by the Department of the Navy and DFAS Cleveland Center in time to perform the audit field work. In addition, we planned to determine whether FY 1996 ending balances were supportable for use as beginning balances for FY 1997.

Download or read book Financial Management written by United States. Department of the Army and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Documentation of the Federal Financial System Process at the Defense Finance and Accounting Service Indianapolis Center written by and published by . This book was released on 1997 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audit was performed in compliance with the Chief Financial Officers Act of 1990 (Public Law 101-576) and the Federal Financial Management Act of 1994 (Public Law 103-356). Public Law 103-356 requires DoD and other Government agencies to prepare consolidated financial statements for FY 1996 and each succeeding year. The DoD Deputy Chief Financial Officer notified the DoD Components on June 6, 1995, of the requirement to prepare and submit financial statements in accordance with the Federal Financial Management Act of 1994. In September 1994, the Defense Finance and Accounting Service (DFAS) transferred the responsibility for preparing the departmental accounting reports for Department 971 appropriations to the DFAS Indianapolis Center. The transfer was effective April 1, 1995. Objectives. The overall audit objective was to evaluate the process for reporting Department 97 appropriations through the Federal Financial System (previously the General ledger Accounting and Reporting System) at the DFAS Indianapolis Center. Specifically, we reviewed the Federal Financial System process the DFAS Indianapolis Center used to receive, adjust, and consolidate the general ledger trial balances on the Army Reserve portion of the National Guard and Reserve Equipment appropriation. We also evaluated management controls over the process the DFAS Indianapolis Center used to receive, adjust, and consolidate the general ledger trial balances received from fiscal stations.

Download or read book Inspector General United States Department of Defense Semiannual Report to the Congress October 1 1996 March 31 1997 written by and published by DIANE Publishing. This book was released on with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Compilation of the FY 2000 Army General Fund Financial Statements at the Defense Finance and Accounting Service Indianapolis Sustaining Forces written by and published by . This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second in a series of reports issued by the Inspector General, DoD, related to the FY 2000 Army General Fund Financial Statements. The first report was on our oversight of the Army Audit Agency audit of the FY 2000 Army General Fund Financial Statements. This report summarizes the compilation process performed by the Defense Finance and Accounting Service Indianapolis (Sustaining Forces), which maintains the Army departmental accounting records and compiles the Army General Fund financial statements. This audit was performed in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. We delegated the audit of the FY 2000 Army General Fund Financial Statements to the Army Audit Agency. We performed the work at Defense Finance and Accounting Service Indianapolis (Sustaining Forces) to determine whether their compilation of data for the FY 2000 Army General Fund Financial Statements complied with applicable laws and regulations. The Army Audit Agency disclaimed an opinion on the FY 2000 Army General Fund Financial Statements, and we concurred with the disclaimer of opinion. The FY 2000 Army General Fund Consolidated Balance Sheet reported total assets of $80.7 billion and total liabilities of $54.2 billion. The Army consolidated Statement of Net Cost reported net program costs of $87.8 billion for the period ending September 30, 2000. The combined Statement of Budgetary Resources reported total budgetary resources of $97.0 billion. The Notes to the FY 2000 Army General Fund Financial Statements should disclose material suspense account balances. A suspense account is an account for the temporary entry of charges or credits pending determination of their ultimate disposition.

Download or read book Financial Management Immediate Actions Needed to Improve Army Financial Operations and Controls written by United States. General Accounting Office and published by . This book was released on 1992 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: