Download or read book Correct Balance of Defense s Foreign Military Sales Trust Fund Unknown written by United States. General Accounting Office and published by . This book was released on 1980 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Correct Balance of Navy s Foreign Military Sales Trust Fund Unknown written by United States. General Accounting Office and published by . This book was released on 1978 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Navy's foreign military sales (FMS) trust fund account is used to hold and account for cash collected from foreign countries until it is disbursed. The Department of the Treasury maintains trust fund records, but balances on those records result from data reported to it by the services. Cash collections and disbursements are accounted for in detailed sales case accounting records which are maintained by the Defense Department's Security Assistance Accounting Center. The Center is also responsible for managing the trust fund. Problems in the Navy's accounting and reporting of FMS disbursements and collections were disclosed when the sales case accounting records were transferred to the Center. The Navy was directed to reconcile the cash balance on the trust fund records with the cash balance shown on official detailed sales case accounting records. Despite more than a year's effort involving thousands of staffdays, the Navy has not been able to reconcile these balances. As a result, the correct amount of cash being held for foreign countries is not known. Some of the adjustments made by the Navy were in error or were not adequately supported. Differences between the Treasury trust fund and sales case accounting records have continued to increase, and, at June 1, 1978, totaled $554 million. Under the Navy's current system, there will continue to be a significant amount of transactions in-float at any time, and, therefore, there will continue to be differences in the balances.

Download or read book Correct Balance of Defense s Foreign Military Sales Trust Fund Unknown written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-08-20 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Correct Balance of Defense's Foreign Military Sales Trust Fund Unknown

Download or read book Correct Balance of Defense s Foreign Military Sales Trust Fund Unknown written by GENERAL ACCOUNTING OFFICE WASHINGTON DC FINANCIAL AND GENERAL MANAGEMENT STUDIES DIV. and published by . This book was released on 1980 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Defense does not have adequate control over foreign military sales accounting. As a result, it could not provide foreign governments with an accurate accounting for their funds deposited in trust accounts. Also, Defense could not determine the amount of money available for purchases of military goods and services by these countries. By comparing September 30, 1979, balances, GAO found that cash balances on trust fund records differed from balances on detailed sales case accounting records for all foreign military sales customers. In total, trust fund accounts differed by $1.5 billion from the detailed records of sales cases. This problem has continued because Defense has not made a concerted effort to determine why trust fund account balances did not agree with detailed accounting records. This report examines the reasons for these differences, recommends corrective action that can be taken quickly and reiterates the need for Defense to centralize accounting and disbursing functions. (Author).

Download or read book Correct Balance of Defense s Foreign Military Sales Trust Fund Unknown written by United States. General Accounting Office and published by . This book was released on 1980 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Military Sales written by United States. General Accounting Office and published by . This book was released on 1999 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Military Sales written by Stati Uniti. General Accounting Office and published by . This book was released on 1999 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book DOD s financial management of foreign military sales written by United States. Congress. House. Committee on Government Operations. Legislation and National Security Subcommittee and published by . This book was released on 1988 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Bibliography of Documents Issued by the GAO on Matters Related to ADP written by United States. General Accounting Office and published by . This book was released on 1980 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Accounting Office Publications written by United States. General Accounting Office and published by . This book was released on 1978 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Accounting Office Publications written by and published by . This book was released on 1979-06 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Bibliography of Documents Issued by the GAO on Matters Related to ADP January 1976 December 1980 written by United States. General Accounting Office and published by . This book was released on 1981 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of Defense Appropriations for written by United States. Congress. House. Committee on Appropriations and published by . This book was released on 1979 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of Defense appropriations for 1982 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Department of Defense and published by . This book was released on 1981 with total page 1822 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book GAO Documents written by United States. General Accounting Office and published by . This book was released on 1981 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.

Download or read book Summaries of Conclusions and Recommendations on Department of Defense Operations written by United States. General Accounting Office and published by . This book was released on 1980 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Status progress and problems in Federal agency accounting during fiscal 1979 written by United States. General Accounting Office and published by . This book was released on 1980 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: