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Dod Financial Management Effect Of Continuing Weaknesses On Management And Operations And Status Of Key Challenges
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Author :United States Government Accountability Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781981762156 Total Pages :38 pages Book Rating :4.7/5 (621 download)
Book Synopsis Dod Financial Management by : United States Government Accountability Office
Download or read book Dod Financial Management written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-12-16 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOD FINANCIAL MANAGEMENT: Effect of Continuing Weaknesses on Management and Operations and Status of Key Challenges
Book Synopsis Dod Financial Management by : United States Government Accountability
Download or read book Dod Financial Management written by United States Government Accountability and published by CreateSpace. This book was released on 2015-01-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the face of continuing reports of financial management weaknesses across the federal government, including wasteful spending, poor management, and losses totaling billions of dollars, the Chief Financial Officers (CFO) Act of 1990 was signed into law. The act focuses on improving systems of accounting, financial management, and internal control; and enabling effective management and oversight through the production of complete, reliable, timely, and consistent financial information.
Book Synopsis Dod Financial Management, Effect of Continuing Weaknesses on Management and Operations and Status of Key Challenges by : U.s. Government Accountability Office
Download or read book Dod Financial Management, Effect of Continuing Weaknesses on Management and Operations and Status of Key Challenges written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-28 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Given the federal government's continuing fiscal challenges, it is more important than ever that the Congress, the administration, and federal managers have reliable, useful, and timely financial and performance information to help ensure fiscal responsibility and demonstrate accountability, particularly for the federal government's largest department, the Department of Defense. GAO has previously reported that serious and continuing deficiencies in DOD's financial management make up one of three major impediments to achieving an opinion on the U.S. government's consolidated financial statements. GAO's statement focuses on (1) the effect of continuing financial management challenges on DOD management and operations and (2) DOD's efforts to improve financial management and its remaining challenges. GAO's statement is primarily based on previously issued reports, including GAO's updates on DOD high-risk areas and its audit reports on DOD's financial management, inventory management and asset visibility, weapon system costs, business transformation, and business system modernization. "
Book Synopsis DOD Financial Management by : Asif A. Khan
Download or read book DOD Financial Management written by Asif A. Khan and published by . This book was released on 2014-06-13 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement of Asif A. Khan, Dir., Financial Management and Assurance, GAO. Given the federal government's continuing fiscal challenges, it is more important than ever that the Congress, the administration, and federal managers have reliable, useful, and timely financial and performance information to help ensure fiscal responsibility and demonstrate accountability, particularly for the federal government's largest department, the Department of Defense (DOD). GAO has previously reported that serious and continuing deficiencies in DOD's financial management make up a major impediment to achieving an opinion on the U.S. government's consolidated financial statements. This statement focuses on (1) the effect of continuing financial management challenges on DOD management and operations; and (2) DOD's efforts to improve financial management and its remaining challenges. This is a print on demand report.
Book Synopsis DOD Financial Management, Effect of Continuing Weaknesses on Management and Operations and Status of Key Challenges by : United States. Government Accountability Office
Download or read book DOD Financial Management, Effect of Continuing Weaknesses on Management and Operations and Status of Key Challenges written by United States. Government Accountability Office and published by . This book was released on 2014 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense status of financial management weaknesses and actions needed to correct continuing challenges by :
Download or read book Department of Defense status of financial management weaknesses and actions needed to correct continuing challenges written by and published by DIANE Publishing. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense by : Gregory D. Kuntz
Download or read book Department of Defense written by Gregory D. Kuntz and published by . This book was released on 2003 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: As seen again in Iraq, the excellence of our military forces is unparalleled. This same level of excellence is not yet evident in the Department of Defense's (DOD) financial management and other business areas, impeding DOD's ability to provide complete, reliable, and timely information to the Congress, DOD managers, and other decision makers. Congress asked GAO to testify on the status of DOD's financial management and business process reform efforts. Specifically, GAO was asked to provide an overview of the long-standing financial management weaknesses facing DOD and a summary of the underlying causes of DOD's financial management challenges. In addition, GAO's testimony focused on (1) key actions necessary to correct DOD's financial management problems and (2) the progress DOD is making toward business process reform. Overhauling DOD's financial management represents a major challenge that goes far beyond financial accounting to the very fiber of the department's range of business operations and management culture. Of the 25 areas on GAO's governmentwide "high risk" list, 6 are DOD program areas, and the department shares responsibility for 3 other high-risk areas that are governmentwide in scope. Key financial management weaknesses include the lack of effective and efficient asset management and accountability; unreliable estimates of environmental and disposal liabilities; lack of accurate budget and cost information; nonintegrated and proliferating financial management systems; and fundamental flaws in DOD's overall control environment. GAO has identified four underlying causes for DOD's inability to resolve its long-standing financial management problems: (1) a lack of sustained top-level leadership and management accountability for correcting problems; (2) deeply embedded cultural resistance to change, including military service parochialism and stovepiped operations; (3) a lack of results-oriented goals and performance measures and monitoring; and (4) inadequate incentives for seeking change. The following are elements that GAO has identified as key to a successful approach to financial management and business process reform: (1) addressing financial management challenges as part of a comprehensive, integrated, DOD-wide business reform; (2) providing for sustained leadership by the Secretary of Defense and resource control to implement needed financial management reforms; (3) establishing clear lines of responsibility, authority, and accountability for such reform tied to the Secretary; (4) incorporating results-oriented performance measures and monitoring tied to financial management reforms; (5) providing appropriate incentives or consequences for action or inaction; (6) establishing and implementing an enterprise architecture to guide and direct financial management modernization investments; and (7) ensuring effective executive and congressional oversight and monitoring. DOD has taken positive steps in many of these key areas. For example, the Secretary of Defense has included improving DOD's financial management as one of his top 10 priorities, and DOD has already taken a number of actions under its Business Transformation Program, including its efforts to develop an enterprise architecture to guide operational and technological changes. However, these are beginning steps and formidable challenges remain in each of the key reform areas.
Book Synopsis Department of Defense Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges by :
Download or read book Department of Defense Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges written by and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report outlines DOD's most serious financial management weaknesses, describes the resulting impact on the department's ability to effectively carry out its programs and operations, and highlights the efforts underway to address these deficiencies. These actions must be implemented effectively for DOD to be able to (1) properly account for and report (a) billions of dollars of inventory and property, plant, and equipment and (b) national defense assets, primarily weapon systems and support equipment; (2) estimate and report material amounts of environmental and disposal liabilities and their related costs; (3) determine the liability associated with post-retirement health benefits for military employees; (4) accurately report the net costs of its operations; (5) produce accurate budget data; and (6) determine the full extent of improper payments.
Book Synopsis DOD financial management more reliable information key to assuring accountability and managing defense operations more efficiently by :
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.
Author :United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Organization, Efficiency, and Financial Management Publisher : ISBN 13 : Total Pages :100 pages Book Rating :4.:/5 (318 download)
Book Synopsis The Department of Defense by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Organization, Efficiency, and Financial Management
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:
Book Synopsis Department of Defense by : Gene L. Dodaro
Download or read book Department of Defense written by Gene L. Dodaro and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Defense Management Reform by : Peter Levine
Download or read book Defense Management Reform written by Peter Levine and published by Stanford University Press. This book was released on 2020-03-10 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pentagon spending has been the target of decades of criticism and reform efforts. Billions of dollars are spent on weapons programs that are later abandoned. State-of-the-art data centers are underutilized and overstaffed. New business systems are built at great expense but fail to meet the needs of their users. Every Secretary of Defense for the last five Administrations has made it a priority to address perceived bloat and inefficiency by making management reform a major priority. The congressional defense committees have been just as active, enacting hundreds of legislative provisions. Yet few of these initiatives produce significant results, and the Pentagon appears to go on, as wasteful as ever. In this book, Peter Levine addresses why, despite a long history of attempted reform, the Pentagon continues to struggle to reduce waste and inefficiency. The heart of Defense Management Reform is three case studies covering civilian personnel, acquisitions, and financial management. Narrated with the insight of an insider, the result is a clear understanding of what went wrong in the past and a set of concrete guidelines to plot a better future.
Book Synopsis Department of Defense by : United States Accounting Office (GAO)
Download or read book Department of Defense written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-02-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: T-AIMD/NSIAD-99-171 Department of Defense: Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges
Book Synopsis Department of Defense financial and business management transformation hindered by longstanding problems : testimony [before the] Subcommittee on Financial Management, the Budget, and International Security, Committee on Governmental Affairs, U.S. Senate by :
Download or read book Department of Defense financial and business management transformation hindered by longstanding problems : testimony [before the] Subcommittee on Financial Management, the Budget, and International Security, Committee on Governmental Affairs, U.S. Senate written by and published by DIANE Publishing. This book was released on with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations Publisher : ISBN 13 : Total Pages :68 pages Book Rating :4.0/5 (9 download)
Book Synopsis The Department of Defense by : United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations
Download or read book The Department of Defense written by United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations and published by . This book was released on 2002 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dod Financial Management by : U S Government Accountability Office (G
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 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial management problems at the Department of Defense (DOD) are complex, long-standing, and deeply rooted throughout its business operations. DOD's financial management deficiencies represent the single largest obstacle to achieving an unqualified opinion on the U.S. government's consolidated financial statements. So far, none of the military services or major DOD components have passed the test of an independent financial audit because of pervasive weaknesses in financial management systems, operations, and controls. These problems go back decades, and earlier attempts at reform have been unsuccessful. DOD continues to rely on a far-flung, complex network of finance, logistics, personnel, acquisition, and other management information systems for financial data to support day-to-day management and decision-making. This network has evolved into an overly complex and error-prone operation with (1) little standardization across DOD components, (2) multiple systems performing the same tasks, (3) the same data stored in multiple systems, (4) manual data entry into multiple systems, and (5) a large number of data translations and interfaces, which combine to exacerbate problems with data integrity. Many of the elements that are crucial to financial management reform and business process transformation--particularly those that rely on long-term systems improvements--will take years to fully implement.
Book Synopsis Department of Defense further actions are needed to effectively address business management problems and overcome key business transformation challenges by :
Download or read book Department of Defense further actions are needed to effectively address business management problems and overcome key business transformation challenges written by and published by DIANE Publishing. This book was released on with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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