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The Department Of Defenses Financial Management Problems
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Author :United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations Publisher : ISBN 13 : Total Pages :72 pages Book Rating :4.3/5 (91 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 2003 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense implications of financial management issues by :
Download or read book Department of Defense implications of financial management issues written by and published by DIANE Publishing. This book was released on 2000 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: As an integral part of an effective budget execution system, an agency is responsible for determining and maintaining its available fund balance. Treasury also has information about activity in the agency's accounts, and Treasury's and the agency's records must be periodically reconciled to determine the actual amount of funds available. This is analogous to reconciling one's personal checking account with the monthly bank statement. DOD weaknesses in accounting for its funds include (1) the inability to reconcile its balances to Treasury's, (2) frequent adjustments of recorded payments from one appropriation to another appropriation account, including to canceled appropriations, (3) problem disbursements-disbursements that are not properly matched to specific obligations recorded in the department's records, and (4) obligated balances that are incorrect or unsupported. As a result of these weaknesses, auditors have been unable to verify DOD's Fund Balance With Treasury and its major components -obligate and unobligated balances. This means that DOD does not know with certainty the amount of funding that is available. This information is essential for DOD and the Congress to be able to determine the status of funds and if unobligated balances are available that could be used to reduce current funding requirements or that could be reprogrammed to meet other critical program needs.
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 Government Reform. Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations Publisher : ISBN 13 : Total Pages :64 pages Book Rating :4.:/5 (327 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 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Management by : United States. General Accounting Office
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:
Author :United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Government Management, Information, and Technology Publisher : ISBN 13 : Total Pages :132 pages Book Rating :4.:/5 (327 download)
Book Synopsis The Department of Defense's Financial Management Problems by : United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Government Management, Information, and Technology
Download or read book The Department of Defense's Financial Management Problems written by United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Government Management, Information, and Technology and published by . This book was released on 1997 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 Defense Financial Management by : United States. General Accounting Office
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:
Book Synopsis Are Financial Management Problems at the Department of Defense Impacting Army Reserve Pay by : United States House of Representatives
Download or read book Are Financial Management Problems at the Department of Defense Impacting Army Reserve Pay written by United States House of Representatives and published by . This book was released on 2020-01-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are financial management problems at the Department of Defense impacting Army Reserve pay: hearing before the Subcommittee on Government Efficiency and Financial Management of the Committee on Government Reform, House of Representatives, One Hundred Eighth Congress, second session, July 20, 2004.
Author :United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency and Financial Management Publisher : ISBN 13 : Total Pages :152 pages Book Rating :4.:/5 (327 download)
Book Synopsis Are Financial Management Problems at the Department of Defense Impacting Army Reserve Pay by : United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency and Financial Management
Download or read book Are Financial Management Problems at the Department of Defense Impacting Army Reserve Pay written by United States. Congress. House. Committee on Government Reform. Subcommittee on Government Efficiency and Financial Management and published by . This book was released on 2005 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Department of Defense by : U S Government Accountability Office (G
Download or read book Department of Defense written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO discussed financial management issues at the Department of Defense (DOD). GAO noted that: (1) to date no major part of DOD has yet been able to pass the test of an independent audit--auditors consistently have issued disclaimers of opinion because of pervasive weaknesses in DOD's financial management systems, operations, and controls; (2) such problems led GAO in 1995 to put DOD financial management on a list of high-risk areas vulnerable to waste, fraud, abuse, and mismanagement, a designation that continued in last year's update; (3) lacking such key controls and information not only hampers the department's ability to produce timely and accurate financial information, but also significantly impairs efforts to improve the economy and efficiency of its operations; (4) unreliable cost and budget information affects DOD's ability to effectively measure performance, reduce costs, and maintain adequate funds control, while ineffective asset accountability and control adversely affect DOD's visibility over weapons systems and inventory; (5) establishing an integrated financial management system--including both automated and manual processes--will be key to reforming DOD's financial management operations; (6) DOD has acknowledged that its present system has long-standing inadequacies and does not, for the most part, comply with the federal system standards; (7) DOD has set out an integrated financial management system goal; and (8) further, the department is now well-positioned to adapt the lessons learned from addressing the year 2000 issue and GAO's recently issued survey of the best practices of world-class financial management organizations and to use the information technology investment criteria included in the Clinger-Cohen Act of 1996.
Book Synopsis Major management challenges and program risks Department of Defense. by :
Download or read book Major management challenges and program risks Department of Defense. written by and published by DIANE Publishing. This book was released on 1999 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report addresses the major performance and management challenges confronting the Department of Defense (DOD). Taken together, these challenges, if not addressed, can adversely affect the Department's operational effectiveness. The report also addresses corrective actions that DOD has taken or initiated on these issues- including DOD'S blueprint for a strategy-based, balanced, and affordable defense program as outlined in the May 1997 Report of the Quadrennial Defense Review and the reforms described in its November 1997 Defense Reform Initiative Report-and further actions that are needed. For many years, we have reported significant management problems at DOD. These problems can be categorized into two areas: (1) systemic management challenges dealing with financial management, information management, weapon systems acquisition, and contract management; and (2) program management challenges dealing with infrastructure, inventory management, and personnel. These problems cut across DOD'S program areas.
Author :United States. Congress Publisher :Createspace Independent Publishing Platform ISBN 13 :9781985182479 Total Pages :146 pages Book Rating :4.1/5 (824 download)
Book Synopsis Are Financial Management Problems at the Department of Defense Impacting Army Reserve Pay by : United States. Congress
Download or read book Are Financial Management Problems at the Department of Defense Impacting Army Reserve Pay written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-02-08 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are financial management problems at the Department of Defense impacting Army Reserve pay : hearing before the Subcommittee on Government Efficiency and Financial Management of the Committee on Government Reform, House of Representatives, One Hundred Eighth Congress, second session, July 20, 2004.
Book Synopsis Financial Management by : United States. General Accounting Office
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 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial management DOD improvement plan needs strategic focus. by :
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:
Book Synopsis Defense depot maintenance challenges facing DOD in managing working capital funds by :
Download or read book Defense depot maintenance challenges facing DOD in managing working capital funds written by and published by DIANE Publishing. This book was released on 1997 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses financial management and logistics management issues relating to the effectiveness and efficiency of the Department of Defense's (DOD) operations. Specifically, it will focus on the operations of DOD'S working capital funds, which collect and disburse over $65 billion annually, and on DOD'S management of the $13 billion depot maintenance program. It is important to note that these areas fall within defense financial management and infrastructure activities, 2 of the 24 areas we identified as high-risk areas within the federal government. These issues have significant impact on the efficiency and effectiveness of how DOD spends its operations and maintenance funds. DOD has consistently experienced losses in the operations of various working capital funds, including the depot maintenance activity group, and has had to request additional funding to support their operations. This issue has been an area of concern to this subcommittee and other congressional committees.
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