Review and Evaluation of the Accounting and Reporting Procedures for BP- 23 Navy Stock Funds at NSC (Navy Supply Center) San Diego and NSY (Navy Shipyard) Long Beach

Abstract

This thesis discusses one sub-category of the Navy Stock Fund, Budget Project-23, which is used to finance the procurement of long lead-time material at Naval Shipyards. An investigation was made of the accounting practices at one location, NSY Long Beach, along with its supporting Authorization Accounting Activity, NSC San Diego. Three specific research questions are addressed; what factors cause an apparent difference in the obligations recorded at the Shipyard and those reported out of the Supply Center, what is causing the large balances in the Accounts Payable account and what is causing the large balances in the Material-in-Transit account. The findings include an unexplained cause of Supply System billings not posted, problems with processing computer tapes, data entry errors, personnel not previously reconciling the Accounts Payable account and a lack of written guidance on the subject.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1988
Accession Number
ADA201031

Entities

People

  • Kevin L. Petersen

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Computer Programming
  • Computers
  • Contracts
  • Data Processing
  • Databases
  • Department Of Defense
  • Finance
  • Geographic Regions
  • Guidance
  • Inventory
  • Lead Time
  • Magnetic Tape
  • Materials
  • Money
  • Personnel Management
  • Procurement

Readers

  • Defense Financial Management and Audit.
  • Logistics and Supply Chain Management.