Download or read book Financial Management written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-26 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Management: Challenges Facing DOD in Meeting the Goals of the Chief Financial Officers Act

Download or read book Financial Management written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO discussed the Department of Defense's (DOD) efforts to implement the Chief Financial Officer's (CFO) Act, focusing on the: (1) financial problems facing the department; (2) actions DOD plans to take; and (3) issues DOD must address to overcome its problems. GAO noted that DOD: (1) does not have adequate financial management processes or financial data to detect errors in annual disbursements; (2) has not properly reported billions of dollars in potential future liabilities; (3) continues to have problems protecting its assets from fraud, waste, and abuse; (4) has been unable to provide Congress with accurate accounts of its operating costs; (5) needs accurate financial information and appropriate internal controls to effectively manage over $1 trillion in assets, 3 million military and civilian personnel, and a budget of over $250 billion; and (6) has taken several initiatives to consolidate its finance and accounting systems, establish prevalidation procedures for annual disbursements, reengineer DOD business practices, and strengthen internal controls.

Download or read book FINANCIAL MANAGEMENT CHALLENGES FACING DOD IN MEETING THE GOALS OF THE CHIEF FINANCIAL OFFICERS ACT 155623 U S GAO written by United States. General Accounting Office and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Financial Management written by United States. General Accounting Office and published by . This book was released on 1997 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Management written by United States. General Accounting Office and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial management DOD improvement plan needs strategic focus written by and published by DIANE Publishing. This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Management written by United States. General Accounting Office and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Management written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO discussed the Department of Defense's (DOD) efforts to reform its financial management operations. GAO noted that: (1) DOD complex operations and multiple accounting systems have exacerbated its financial management problems; (2) DOD financial management reform plans include consolidating its finance and accounting operations and systems, establishing prevalidation for disbursements, reengineering DOD business practices, strengthening internal controls, and improving management incentives; (3) although DOD established the Defense Finance and Accounting Service (DFAS) in 1991 to improve its departmentwide finance and accounting operations, DOD still must overcome problems related to DFAS responsibility, internal controls, personnel requirements, documentation, reorganization, and downsizing; (4) DOD has begun consolidating its finance and accounting systems, but it has not addressed all the factors that should be considered during the consolidation; (5) DOD has implemented a policy that certain payments be validated prior to disbursement and it plans to require such validations for all payments; (6) DOD is studying how to reengineer its business practices to decrease costs and increase efficiency; (7) DOD recognizes the importance of the Chief Financial Officers Act and management support to improving its financial operations and controls; and (8) closer congressional and management oversight of the Defense Business Operations Fund (DBOF) would improve DBOF operations.

Download or read book DOD s Plans for Financial Management Improvement and Achieving Audit Readiness written by United States. Congress. House. Committee on Armed Services. Panel on Defense Financial Management and Auditability Reform and published by . This book was released on 2011 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dod Financial Management written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

Download or read book Dod Financial Management written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

Download or read book The Federal Government s Financial Statement and Accountability of Taxpayer Dollars at the Departments of Defense and Homeland Security written by United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Financial Management, the Budget, and International Security and published by . This book was released on 2004 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book DOD highrisk areas eliminating underlying causes will avoid billions of dollars in waste written by and published by DIANE Publishing. This book was released on 1997 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses the (1) high-risk areas of financial management, information technology, weapon systems acquisition, contract management, infrastructure, and inventory management; (2) underlying causes of these high-risk areas; and (3) overall strategy we believe is needed to eliminate them.

Download or read book The Department of Defense written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Organization, Efficiency, and Financial Management and published by . This book was released on 2012 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book DOD financial management more reliable information key to assuring accountability and managing defense operations more efficiently written by and published by DIANE Publishing. This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent audits of the fiscal year 1998 financial statements for DOD and the individual military services, performed by the DOD Inspector General (IG) and the service audit agencies, and our report on the U.S. government's financial statements have highlighted many critical DOD financial management problems. These problems not only hamper the department's ability to produce timely and accurate financial management information, but also significantly impair efforts to improve the economy and efficiency of its operations. Key areas of concern relate to ineffective asset control and accountability, which affects DOD's visibility over weapons systems and inventory, and unreliable cost and budget information, which affects DOD's ability to effectively measure performance, reduce costs, and maintain adequate funds control.

Download or read book Financial management an overview of finance and accounting activities in DOD report to the Chairman Subcommittee on Defense Committee on Appropriations U S Senate written by and published by DIANE Publishing. This book was released on with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dod Financial Management written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports. GAO is making four recommendations to help the Army develop the processes and controls necessary to achieve financial statement audit readiness, including identifying and validating the population of military payroll transactions and obtaining and retaining necessary pay-affecting documents. The Army concurred with GAO's four recommendations and noted actions it is taking.