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Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This report is the third, and last, in this series addressing the underlying financial reporting processes that cause abnormal balances on the trial balances of Other Defense Organizations. An account balance is abnormal when the reported balance does not comply with the normal debit or credit balance established in the general ledger chart of accounts. We performed the audit in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, which requires DoD and other Government agencies to prepare consolidated financial statements. The DoD Agency-Wide financial statements include a reporting entity entitled in "Other Defense Organizations-General Funds." This entity represents a consolidation of financial information from various Defense organizations and funds that use the Treasury Index 97 symbol. The Washington Headquarters Services is one of these Defense agencies. The Washington Headquarters Services maintains the official accounting records for funds that it receives, and also provides accounting support to various funds allocated to the Office of the Secretary of Defense, the United States Court of Appeals for the Armed Forces, the Pentagon Reservation Maintenance Revolving Fund, and the Building Maintenance Fund. Preceding reports addressed financial reporting by the Defense Finance and Accounting Service-Indianapolis and Defense Finance and Accounting Service-Cleveland.
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This report is the third, and last, in this series addressing the underlying financial reporting processes that cause abnormal balances on the trial balances of Other Defense Organizations. An account balance is abnormal when the reported balance does not comply with the normal debit or credit balance established in the general ledger chart of accounts. We performed the audit in response to the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994, which requires DoD and other Government agencies to prepare consolidated financial statements. The DoD Agency-Wide financial statements include a reporting entity entitled in "Other Defense Organizations-General Funds." This entity represents a consolidation of financial information from various Defense organizations and funds that use the Treasury Index 97 symbol. The Washington Headquarters Services is one of these Defense agencies. The Washington Headquarters Services maintains the official accounting records for funds that it receives, and also provides accounting support to various funds allocated to the Office of the Secretary of Defense, the United States Court of Appeals for the Armed Forces, the Pentagon Reservation Maintenance Revolving Fund, and the Building Maintenance Fund. Preceding reports addressed financial reporting by the Defense Finance and Accounting Service-Indianapolis and Defense Finance and Accounting Service-Cleveland.
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We conducted the audit in support of our annual audit of the DoD Agency-wide financial statements for FY 1999, as required by the Chief Financial Officers Act of 1990, as amended by the Federal Financial Management Act of 1994. The DoD Agency-wide financial statements include financial statements for a reporting entity entitled "Other Defense Organizations-General Funds." This report is the second in a series of reports discussing accounting for selected Other Defense Organizations. The first report dealt with recording and reviewing obligations for the Defense Advanced Research Projects Agency, the Ballistic Missile Defense Organization, and the Joint Staff. The Washington Headquarters Services is a Defense field activity supporting the Office of the Secretary of Defense, which is included in Other Defense Organizations - General Funds. During FY 1999, the Washington Headquarters Services received $2.4 billion in funding and reported $1.9 billion in obligations.
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The primary audit objective was to determine whether effective management control procedures were implemented by the Defense Accounting Office, Washington Headquarters Services (DAO/WHS), in preparing financial statements for the Advanced Research Projects Agency. Also, we evaluated the FY 1995 management control program coverage of general-purpose financial statements.
Author: Publisher: DIANE Publishing ISBN: 1428973877 Category : Languages : en Pages : 30
Book Description
Recent audits of the fiscal year 1998 financial statements for DOD and the individual military services, performed by the DOD Inspector General (IG) and the service audit agencies, and our report on the U.S. government's financial statements have highlighted many critical DOD financial management problems. These problems not only hamper the department's ability to produce timely and accurate financial management information, but also significantly impair efforts to improve the economy and efficiency of its operations. Key areas of concern relate to ineffective asset control and accountability, which affects DOD's visibility over weapons systems and inventory, and unreliable cost and budget information, which affects DOD's ability to effectively measure performance, reduce costs, and maintain adequate funds control.
Author: United States. Government Accountability Office Publisher: DIANE Publishing ISBN: 9781422397121 Category : Human capital Languages : en Pages : 14
Author: Publisher: DIANE Publishing ISBN: 1428970916 Category : Languages : en Pages : 34
Book Description
As an integral part of an effective budget execution system, an agency is responsible for determining and maintaining its available fund balance. Treasury also has information about activity in the agency's accounts, and Treasury's and the agency's records must be periodically reconciled to determine the actual amount of funds available. This is analogous to reconciling one's personal checking account with the monthly bank statement. DOD weaknesses in accounting for its funds include (1) the inability to reconcile its balances to Treasury's, (2) frequent adjustments of recorded payments from one appropriation to another appropriation account, including to canceled appropriations, (3) problem disbursements-disbursements that are not properly matched to specific obligations recorded in the department's records, and (4) obligated balances that are incorrect or unsupported. As a result of these weaknesses, auditors have been unable to verify DOD's Fund Balance With Treasury and its major components -obligate and unobligated balances. This means that DOD does not know with certainty the amount of funding that is available. This information is essential for DOD and the Congress to be able to determine the status of funds and if unobligated balances are available that could be used to reduce current funding requirements or that could be reprogrammed to meet other critical program needs.
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Author: United States. Government Accountability Office
Author: United States. General Accounting Office
Author: United States. Joint Financial Management Improvement Program
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