The Finance Corps Today and Tomorrow
Abstract
This paper is about the Finance Corps and its future. It chronicles recent significant events, both positive and negative, that have had an impact on the corps. The Finance Corps is the smallest basic branch of the Army and, like the Army, getting smaller. The Defense Finance and Accounting Service (DFAS), formed in January 1991, is in the process of standardizing and centralizing all DOD financial operations. As of 1 October 1992, DFAS will absorb (capitalize) a significant portion of the civilians and military working in Army finance offices. The impact of DFAS initiatives, TOE/TDA finance force structure analysis, and finance battlefield operational requirements are essential elements of this paper. Future alternatives are discussed including the possibility of a Resource Management Corps by combining the Finance Corps and Comptroller functional area. The battlefield mission for finance support to soldiers and commanders will continue to exist. Strong leadership, finance force structure changes, and significant improvements in policy, procedures, and communications are essential to support future contingency operations. Final conclusion is that the present Finance Corps must adapt to being smaller, perhaps merging into a Resource Management Corps, and existing within the new DFAS framework by maintaining its TOE structure with Finance Groups and Finance Support Commands.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 15, 1992
- Accession Number
- ADA251327
Entities
People
- Morgan F. Denny
Organizations
- United States Army War College