U.S. Navy Foreign Military Sales Program: Reduction of Expenditures in Float.

Abstract

The rapid expansion of the U.S. Navy Foreign Military Sales (FMS) program in the past few years has posed a number of accounting and financial management problems for the Navy. With the creation of the Security Assistance Accounting Center (SAAC) in 1976 and the centralization of all billing, collecting, and accounting for FMS monies, the reconciliation of FMS disbursement data reported by the Navy to the U.S. Treasury with the amount posted to the Navy and SAAC detailed case accounting records has become extremely difficult. The thesis addresses the difference of 'float' between the two sets of records and examines the reasons and causes for it. To decrease the overall float, recommendations are made for the Navy to revise the method of processing detailed expenditure so as to minimize processing delays and reduce errors on expenditure documents. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1979
Accession Number
ADA084462

Entities

People

  • Dale John Zehner

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • California
  • Commerce
  • Computer Programs
  • Department Of Defense
  • Finance
  • Financial Management
  • Floats
  • Foreign Military Sales
  • Government (Foreign)
  • International Organizations
  • Law
  • Payment
  • Procurement
  • Security
  • United States
  • Verification

Readers

  • Defense Financial Management and Audit.
  • Logistics and Supply Chain Management.
  • Strategic Security Studies