Download or read book Financial Management in the Army Supply System written by Syracuse University. Business Research Center and published by . This book was released on 1956 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dollars and Sense A Process Improvement Approach to Logistics Financial Management written by and published by . This book was released on 2000 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1992, the Department of Defense began requiring the services to procure and repair all depot-level reparables (DLRs) through their stock funds. As a result, customers of the Army stock fund began paying for DLRs, which were previously financed through procurement appropriations and issued free to customers, based on their stated need. Customers also began receiving credits for DLRs returned to the stock fund. On a DoD-wide basis, implementing the requirement that DLRs be stock funded reduced the demand for DLRs and increased the return of unserviceable assets for repair. From the DoD/Army perspective, working capital funding has resulted in significant reductions in materiel costs and civilian personnel. While expenditures by logistics customers have been reduced, senior Army logistics managers have become concerned that the current implementation may not be cost-effective when evaluated from an Army-wide perspective. A wide range of behaviors have changed as a result of the incentives created by the implementation policies. As a result, there is a need to examine logistics financial management in a more rigorous, analytical manner. To this end, the Army decided to apply its Velocity Management (VM)approach to the logistics financial management system. Begun in 1995, VM has achieved impressive success in improving the performance of key Army logistics processes. As a result, the Army established a Financial Management Process Improvement Team (FM PIT). The initial focus of the FM PIT has been on financial management processes that occur on the Army's active-component installations, from the company level through the interface between the operating units or activities, which are funded by Operations and Maintenance Army (OMA) appropriations and the supporting installation's Retail Stock Fund (RSF) component of the Army Working Capital Fund (AWCF).
Download or read book Financial Management written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1997-02 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: For FY 1992, the U.S. Army's annual appropriations totaled about $72 billion and its noncash assets were reportedly valued at $292 billion. The Army's financial accountability for billions of dollars of resources is seriously impaired by weaknesses in systems that account for and report its disbursements, inadequate controls over automated data processing of financial and logistics information, and limited progress in DoD-wide efforts to improve financial management. Charts and tables.
Download or read book Financial Management written by United States. General Accounting Office and published by . This book was released on 1991 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DOD s Enterprise Resource Planning ERP System Implementation Efforts 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 2012 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Management of the Vietnam Conflict 1962 1972 written by Leonard B. Taylor and published by . This book was released on 1974 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 21st Century U S Military Manuals written by Department of Defense and published by . This book was released on 2017-12-31 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: FM 1-06 is the Army's keystone manual for Financial Management (FM). Its purpose is to provide the authoritative doctrine on how FM supports the full spectrum of operations as a component of the theater sustainment warfighting function. The intent of this manual is to describe how FM complements combat power, supports strategic and operational reach, and enables endurance. This manual provides the foundation of FM doctrine, organizations, training, materiel, leadership and education, personnel, and facilities development to support the modular Army, and establishes how FM operations are integrated and synchronized into the overall operations process - plan, prepare, execute and assess. PREFACE * INTRODUCTION * Chapter 1 * FINANCIAL MANAGEMENT OPERATIONS * Section I - Financial Management Mission and Purpose * Principles of Financial Management * Financial Management Core Competencies * Section II - Financial Management and the Sustainment Warfighting Function * Financial Management and the Elements of Combat Power * The Fiscal Triad * Financial Management Support to Force Projection * Section III - Army Financial Management with Interorganizational Partners (Joint, Multinational, Intergovernmental, Interagency, and Nongovernmental) * Section IV - Financial Management Support to Stability Operations * Financial Management Supporting Tasks * Section V - Financial Management Organizations, Responsibilities and Organizational Relationships * Strategic Financial Management * Operational Financial Management * Tactical Financial Management * Brigade Level Financial Management * Chapter 2 * FUND THE FORCE * Section I - Appropriations/Authorization Process * Administrative Control and Distribution of Funds * Basic Appropriations That Fund the Army * The Legislative Proposal Process in Support of Contingency Operations * Section II - Fiscal Law * Basic Tenets of Fiscal Law. * Anti-Deficiency Act (ADA) * Section III - Resource Management Support * Resource Management Support to Stability Operations * Funding Contingency Operations Strategic Resource Management * Operational Resource Management * Tactical Resource Management * Chapter 3 * BANKING AND DISBURSING SUPPORT * Section I - Banking Support * Banking and Host Nation Support * Cash Management * Economic Impact * Section II - Disbursing Operations * Cash Verification * Reporting and Analysis * Irregularities in Disbursing Officer Accounts * Managing a Limited Depositary Account * Transfer of Accountability (Settlement) * Types of Disbursing Support * Special Payments * Miscellaneous Disbursing Support * Disbursing Roles * Chapter 4 * PAY SUPPORT * Section I - Active Duty Pay * Key FM Reports * Separation of Duties * Section II - Reserve Component Pay * Mobilization/Demobilization * Section III - Case Management System * Types of CMS Cases * Chapter 5 * ACCOUNTING SUPPORT AND COST MANAGEMENT * Section I - Accounting Support * Stages of a Transaction . Obligation Management * Strategic Level Accounting Support * Operational Level Accounting Support * Tactical Level Accounting Support * General Fund Enterprise Business Systems (GFEBS) * Section II - Cost Management Support * Cost Culture * Cost Management Support * The Cost Management Process * Cost Management Concepts * Full Cost * Cost Management During Contingency Operations * Cost Estimates for Contingency Operations * Contingency Cost Reporting * Cost Collection * Chapter 6 * PLANNING AND OPERATIONS * Chapter 7 * MANAGEMENT INTERNAL CONTROLS
Download or read book Right Price Fair Credit written by Ellen Marie Pint and published by RAND Corporation. This book was released on 2002 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the Army's financial management system for spare parts, logistics customers receive budgets to buy spare parts from the supply system and receive credits for returning parts to the supply system, either for repair or because they are no longer needed in local inventories. The Army's wholesale inventories of spare parts are financed by a stock fund, which uses its income from the sale of parts, net of credits issued to customers, to pay for repairs and procurement of replacement parts. Some installation-level, or retail, inventories are also financed by stock funds. During fiscal year 2001, the Army's stock funds were in a period of transition from separate wholesale and retail components to a Single Stock Fund (SSF). As part of this change, the Army implemented new price and credit policies for spare parts. In this document, the authors introduce a set of criteria to assess price and credit policy changes in terms of their effectiveness in meeting the overall objective of maintaining the logistics customer's ability to meet mission requirements while keeping weapon systems in operating condition at the lowest total cost to the Army. The authors then use these criteria to compare and evaluate pre-SSF,SSF, and proposed future price and credit policies, and define the characteristics of an optimal Army price and credit policy.
Download or read book Velocity Management written by John Dumond and published by Rand Corporation. This book was released on 2001 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Velocity management brought a new way of doing business to U.S. Army logistics, with a renewed focus on the Army customer and an approach for process improvement that cuts across time, quality, and cost. The authors reveal the motivations, methodology, and management structure behind the initiative; the process improvements that have led to such quick and impressive results; and the steps that have been taken to develop and institutionalize the capabilities needed to achieve and sustain future improvement. Lessons learned can be readily adapted for other business models.
Download or read book Dollars and Sense written by Marygail K. Brauner and published by RAND Corporation. This book was released on 2000 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Army has implemented initiatives to improve its basic logistics processes, it has found that these processes are hampered by a financial management system that is slow and inaccurate and that creates errors and delays. This report documents analysis supporting the Army's effort to improve its logistics financial management (FM) processes using Velocity Management's Define-Measure-Improve methodology. In defining the FM process, researchers developed process maps that showed that the delivery of conflicting information from the supply and finance systems forces units to create time-consuming, manual reconciliation processes to determine their remaining budgets. Researchers identified metrics to measure performance. To improve the quality of price and credit information and eliminate the need for manual reconciliation, the researchers recommended that when a transaction is first undertaken the prices and credits should be used for all records of the transaction.
Download or read book Evaluating Five Proposed Price and Credit Policies for the Army written by and published by . This book was released on 2000 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: To streamline its financial management system for spare parts, the Army is planning to implement a major initiative called Single Stock Fund (SSF). As part of this implementation, important decisions must be made on the adoption of new price and credit policies for spare parts. The purpose of stock funding is to set up a buyer-supplier relationship between operating units and the Army's wholesale supply system. Logistics customers in operating units receive an Operations and Maintenance Army (OMA) budget to buy spare parts from the wholesale supply system, and they receive credits when they return parts to the wholesale supply system for repair and/or restocking. The Army's wholesale supply system is financed by the Army Working Capital Fund (AWCF).' It must cover the cost of maintaining wholesale inventories with the income it receives from sales of parts to logistics customers and maintain a positive cash balance. Thus, price and credit policies affect the supply and repair decisions of logistics customers, as well as the financial health of the wholesale supply system. In the spring of 1998, the Army established a Credit/Pricing Integrated Product Team (CPIPT) to recommend several alternative pricing and credit policies and a set of criteria by which to assess how these alternatives would affect key Army processes. RAND Arroyo Center was asked to conduct the assessment of these alternatives. This documented briefing presents the results of RAND's analysis of the CPIPT price and credit policy alternatives. We focus on two quantitative criteria. First, the new price and credit policy should enable logistics customers to maintain their current operating tempo (OPTEMPO) without significantly increasing their OMA budget for spare parts. Second, the new policy should not significantly increase the AWCF's costs to replenish wholesale inventories through repair and procurement.
Download or read book Evaluating Five Proposed Price and Credit Policies for the Army written by Marygail K. Brauner and published by RAND Corporation. This book was released on 2000 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: To streamline its financial management system for spare parts, the Army is planning to implement a major initiative called Single Stock Fund (SSF). As part of this implementation, important decisions must be made on the adoption of new price and credit policies for spare parts. The purpose of stock funding is to set up a buyer-supplier relationship between operating units and the Army's wholesale supply system. Logistics customers in operating units receive an Operations and Maintenance Army (OMA) budget to buy spare parts from the wholesale supply system, and they receive credits when they return parts to the wholesale supply system for repair and/or restocking. The Army's wholesale supply system is financed by the Army Working Capital Fund (AWCF).' It must cover the cost of maintaining wholesale inventories with the income it receives from sales of parts to logistics customers and maintain a positive cash balance. Thus, price and credit policies affect the supply and repair decisions of logistics customers, as well as the financial health of the wholesale supply system. In the spring of 1998, the Army established a Credit/Pricing Integrated Product Team (CPIPT) to recommend several alternative pricing and credit policies and a set of criteria by which to assess how these alternatives would affect key Army processes. RAND Arroyo Center was asked to conduct the assessment of these alternatives. This documented briefing presents the results of RAND's analysis of the CPIPT price and credit policy alternatives. We focus on two quantitative criteria. First, the new price and credit policy should enable logistics customers to maintain their current operating tempo (OPTEMPO) without significantly increasing their OMA budget for spare parts. Second, the new policy should not significantly increase the AWCF's costs to replenish wholesale inventories through repair and procurement.
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 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a legislative requirement, GAO reviewed the Army's overall financial accountability for its disbursements during fiscal year (FY) 1992, focusing on: (1) the reliability of the disbursements reported in the Army's budget execution system; (2) the adequacy of automated data processing controls that support the Army's financial accountability systems; and (3) progress made on Department of Defense (DOD) initiatives to improve Army financial management. GAO found that: (1) the lack of sustained DOD leadership has impaired the Army's overall ability to strengthen its financial accountability; (2) the Army's budget execution system has not been reliable; (3) during FY 1992, the Army Materiel Command did not retain adequate records to support disbursements recorded in the Army budget execution system; (4) weak controls over data processing operations could not ensure that the Army's financial data were accurately processed and secured; and (5) DOD financial management initiatives have been impaired due to a lack of key DOD personnel and a comprehensive guidance plan.
Download or read book Standard Finance System STANFINS written by U.S. Army Finance and Accounting Center and published by . This book was released on 1988 with total page 702 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Administration written by and published by . This book was released on 1985 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Four Papers Dealing with Army Financial Management written by Syracuse University. Business Research Center and published by . This book was released on 1959 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Management written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
