Financial Management: DOD's Approach to Financial Control Over Property Needs Structure

Abstract

DOD has been reporting problems with its data accuracy for real and personal property since at least 1990. The Department has provided a number of reasons for the unreliable reporting, including property systems that maintain item accountability not being integrated with financial accounting systems. In fiscal year 1995, the DOD Comptroller concluded that this lack of integration adversely affected the accuracy of accounting systems data and financial reporting. The DOD Comptroller also stated that general ledger control over property, which is necessary to ensure that all financial transactions are recorded in the official accounting records, is lacking or inadequate. Accordingly, the DOD Comptroller selected DPAS to remedy these deficiencies and had implemented the system at over 150 sites as of June 1997.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1997
Accession Number
AD1165568

Entities

People

  • Francine Delvecchio
  • J. J. Watkins
  • James L. Jr Ariail
  • Janett P. Smith
  • Lisa G. Jacobson
  • Susan J. Schildkret
  • V. M. Saavedra
  • William D. Grindstaff

Organizations

  • United States Government Accountability Office

Tags

DTIC Thesaurus Topics

  • Accountability
  • Accounting
  • Accuracy
  • Air Force
  • Business Administration
  • Commerce
  • Comptrollers
  • Department Of Defense
  • Electronic Mail
  • Financial Management
  • Governments
  • Guidance
  • Handbooks
  • Information Processing
  • Information Systems
  • Mainframe Computers
  • Maintenance
  • Money
  • National Security
  • Natural Resources
  • Processing Equipment
  • Procurement
  • Standards
  • United States
  • World Wide Web

Readers

  • Defense Financial Management and Audit.