Acquisition/Financial Systems Interface Requirements
Abstract
Acquisition/Financial Systems Interface Requirements is one of a series of functional systems requirements documents published by JFMIP dealing with Federal financial management systems. This document is prepared in support of the Federal Financial Management Improvement Act (FFMIA) of1996, and the Strategic Plans of the Procurement Executives Council (PEC) and Chief Financial Officers(CFO) Council. This Act and these strategic plans strongly reaffirm the need for the Federal government to provide financial systems that facilitate the effective management of government programs and services for the proper stewardship of public resources. Additionally, this document, in part, meets the goal of the Presidents Management Council (PMC) and JFMIP to improve the efficiency and quality of financial management in the Federal government. Jointly sponsored and formally chartered by the PEC and JFMIP, it is a collaborative effort on the part of more than 20 agencies, led by the Senior Procurement Executive at the U.S. Department of Agriculture, staffed by finance and acquisition professionals throughout government, and supported by Logistics Management Institute (LMI). Acquisition/Financial Systems Interface Requirements addresses the shared information requirements between Federal financial and acquisition management systems. To this end, it identifies existing governmentwide statutory and regulatory requirements associated with the mutual functional interfaces between finance and acquisition (See Appendix A for a complete list of applicable references and authoritative sources). Agencies must use these functional requirements, in addition to agency-unique mission requirements, in planning their financial management and acquisition systems improvement projects. Acquisition/financial management system interface functionality does not necessarily reside in a single software application or functional system.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 2002
- Accession Number
- AD1116092