Financial Management: Defense Departmental Reporting System - Audited Financial Statements Report Map
Abstract
Office of Management and Budget Bulletin No. 01-09, "Form and Content of Agency Financial Statements," September 25, 2001, provides guidance for preparing agency financial statements. Federal agencies must be able to map* U.S. Government Standard General Ledger information to the financial statements. The U.S. Government Standard General Ledger, released annually in the Department of Treasury Financial Manual, provides technical guidance to standardize Federal agency reporting. The U.S. Government Standard General Ledger is composed of five major sections including a chart of accounts, account descriptions, accounting transactions, account attributes, and report crosswalks. The Defense Finance and Accounting Service provides accounting support for the preparation and issue of DoD financial statements and reports. The DDRS-AFS application standardizes the DoD reporting process and produces the annual and quarterly financial reports based on general ledger account codes and standard attributes. The DDRS-AFS Report Map details the U.S. Government Standard General Ledger account codes and respective attributes that make up the reportable items on the financial statements. The FY 2004 DoD Agency-Wide Financial Statements reported total assets of $1.2 trillion, total liabilities of $1.7 trillion, net cost of operations of $0.6 trillion, and budgetary resources of $1.0 trillion.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 17, 2005
- Accession Number
- ADA437349
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense