Financial Management DoD Inventory of Financial Management Systems Is Incomplete
Abstract
DOD does not have a comprehensive inventory of the systems it relies on to record, accumulate, classify, and report financial information. The number of systems included in DODs inventory was limited because the regulations and guidance from the Defense Finance and Accounting Service (DFAS) did not properly define financial management systems. Office of Management and Budget (OMB) Circular A-127, Joint Financial Management Improvement Program (JFMIP) system requirements, and the recently enacted Federal Financial Management Improvement Act of 1996 define financial management systems to include the financial systems and the financial portions of mixed systems necessary to support financial management. A mixed system is defined as an information system that supports both financial and nonfinancial functions of the federal government or its components.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 31, 1997
- Accession Number
- AD1173665
Entities
People
- Lisa G. Jacobson
Organizations
- United States Government Accountability Office