Accounting procedures (11 - 20 of 90 items)
Department of Defense: Status of Financial Management Weaknesses and Actions Needed to Correct Continuing Challenges
T-AIMD/NSIAD-99-171: Published: May 4, 1999. Publicly Released: May 4, 1999.
Pursuant to a congressional request, GAO discussed the status of financial management at the Department of Defense (DOD), focusing on: (1) DOD's most serious financial management weaknesses; (2) the resulting impact on DOD's ability to effectively carry out its programs and operations; and (3) DOD's efforts to address these deficiencies.GAO noted that: (1) as part of the fiscal year (FY) 1998 fina...
Payment Processing: Validation of Receipt and Acceptance
AIMD-99-111R: Published: Apr 14, 1999. Publicly Released: Apr 14, 1999.
Pursuant to a congressional request, GAO provided an interpretation of certain parts of Title 7 of its Policy and Procedures Manual for Guidance of Federal Agencies, focusing on whether it is acceptable: (1) for disbursing officers to authorize payment without reviewing evidence transmitted directly by an authorized employee attesting to the receipt and acceptance of goods and services; (2) for di...
Financial Management: Problems in Accounting for Navy Transactions Impair Funds Control and Financial Reporting
AIMD-99-19: Published: Jan 19, 1999. Publicly Released: Jan 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the effects of in-transit disbursements on the Navy's funds control and financial reporting.GAO noted that: (1) the Navy and the Department of Defense (DOD) have not established adequate funds control as required by the Antideficiency Act; (2) current policies and procedures permit the Navy to delay for about 5 years: (a) the recording of obligat...
Department of Defense: Financial Audits Highlight Continuing Challenges to Correct Serious Financial Management Problems
T-AIMD/NSIAD-98-158: Published: Apr 16, 1998. Publicly Released: Apr 16, 1998.
GAO discussed the status of financial management at the Department of Defense (DOD), focusing on: (1) serious material weaknesses now confronting DOD; (2) the resulting impact on DOD's ability to effectively carry out its programs and operations; and (3) the efforts under way to address these deficiencies.GAO noted that: (1) serious material weaknesses were found in DOD systems and processes relie...
Financial Management: DOD's Liability for Missile Disposal Can Be Estimated
AIMD-98-50R: Published: Jan 7, 1998. Publicly Released: Jan 7, 1998.
Pursuant to a legislative requirement, GAO reviewed the Department of Defense's (DOD) implementation of the requirement to disclose the liability associated with the disposal of federal agencies' property, plant, and equipment, focusing on missiles.GAO noted that: (1) DOD has not yet implemented the federal accounting standard that requires recognizing and reporting liabilities, such as those asso...
Financial Management: Factors to Consider in Estimating Environmental Liabilities for Removing Hazardous Materials in Nuclear Submarines and Ships
AIMD-97-135R: Published: Aug 7, 1997. Publicly Released: Aug 7, 1997.
Pursuant to a legislative requirement, GAO reviewed factors the Department of Defense (DOD) should consider in its efforts to meet the new Statements of Financial Accounting Standards (SFFAS) 6 requirement for reporting environmental liabilities for the cleanup of hazardous materials related to property, plant, and equipment, focusing on: (1) whether an estimate of the minimum environmental liabil...
Defense Working Capital Funds: DOD Faces Continued Challenges in Eliminating Advance Billing
T-AIMD/NSIAD-97-221: Published: Jul 22, 1997. Publicly Released: Jul 22, 1997.
GAO discussed the Department of Defense's (DOD) working capital funds, formerly known as the Defense Business Operations Fund (DBOF), focusing on: (1) a brief overview of fund operations and objectives; (2) a more detailed perspective of cash management operations; and (3) GAO's concerns with the cash situation through fiscal year (FY) 1998.GAO noted that: (1) in creating DBOF, DOD consolidated th...
Financial Management: DOD Progress Payment Distribution Procedures
AIMD-97-107R: Published: Jul 21, 1997. Publicly Released: Jul 21, 1997.
Pursuant to a congressional request, GAO provided information on selected Department of Defense (DOD) progress payment accounting methods which are being used, or have been used over the past several years, to distribute contract progress payments, focusing on the differences between and results of each of the progress payment accounting methods.GAO noted that: (1) Defense Finance and Accounting S...
Financial Management: Opportunities to Improve Experience and Training of Key Navy Comptrollers
AIMD-97-58: Published: May 5, 1997. Publicly Released: May 29, 1997.
Pursuant to a congressional request, GAO reviewed opportunities to improve the experience and training of key Navy comptrollers, focusing on: (1) personnel practices and the education and experience of Navy officers serving in comptroller positions; and (2) options for strengthening these practices.GAO noted that: (1) the Navy's personnel practices do not provide a career path for Navy officers to...
DOD Accounting Systems: Efforts to Improve System for Navy Need Overall Structure
AIMD-96-99: Published: Sep 30, 1996. Publicly Released: Sep 30, 1996.
GAO reviewed the Defense Finance and Accounting Service's (DFAS) efforts to reduce the number of Navy accounting systems and to enhance and implement a Navy-wide system to account for general fund operations.GAO found that: (1) DFAS selected the Navy's Standard Accounting and Reporting System (STARS) to serve as the Navy's system for general fund accounting; (2) although believed to be the newest,...