Financial Management: DOD Needs to Expedite Plans to Implement Deferred Maintenance Accounting Standard

Abstract

Beginning with fiscal year 1998, federal accounting standards require agencies to disclose in their financial statements the amount of deferred maintenance related to property, plant, and equipment, including mission assets. For the Department of Defense (DOD), mission assets such as submarines, ships, aircraft, and combat vehicles are a major category of property, plant, and equipment. For fiscal year 1996, DOD reported over $590 billion in this asset category.

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Document Details

Document Type
Technical Report
Publication Date
Sep 30, 1997
Accession Number
AD1167741

Entities

People

  • Lisa G. Jacobson

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Air Platforms
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Aircrafts
  • Business Administration
  • Combat Vehicles
  • Comptrollers
  • Costs
  • Department Of Defense
  • Electronic Mail
  • Financial Management
  • Governments
  • Logistics
  • Logistics Management
  • Maintenance
  • Management Personnel
  • Procurement
  • Standards
  • United States

Fields of Study

  • Business

Readers

  • Energy Conservation and Renewable Energy Engineering.
  • Government and Public Administration Law.
  • Maritime and Naval Warfare Studies