Financial management (61 - 70 of 250 items)
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...
Defense Programs: Opportunities to Reform Key Business Practices
NSIAD-97-99R: Published: Mar 5, 1997. Publicly Released: Mar 20, 1997.
Pursuant to a congressional request, GAO summarized information on the defense budget and Department of Defense (DOD) infrastructure, inventory management, financial management, and acquisition programs.GAO noted that: (1) it has reported on problems and made numerous suggestions for improvements and efficiencies in DOD's infrastructure, inventory management, financial management, and acquisition...
Environmental Cleanup: Cash Management Practices at Rocky Mountain Arsenal
NSIAD-96-145: Published: Aug 16, 1996. Publicly Released: Aug 16, 1996.
GAO provided information on cash management practices at Rocky Mountain Arsenal.GAO noted that: (1) the settlement agreement between the Army and Shell Oil Company does not provide for timely or efficient collection of environmental cleanup costs; (2) if the government does not collect the receivables in a timely manner, it will lose the opportunity to invest these funds in other projects; (3) poo...
Navy Financial Management: Improved Management of Operating Materials and Supplies Could Yield Significant Savings
AIMD-96-94: Published: Aug 16, 1996. Publicly Released: Aug 16, 1996.
GAO examined the Navy's financial reporting on and management of operating materials and supplies that are not part of Defense Business Operations Fund (DBOF) inventories, focusing on the: (1) Navy's accountability and visibility over approximately $5.7 billion in operating materials and supplies on board vessels and at redistribution sites; (2) Navy's management of excess items; and (3) accuracy...
CFO Act Financial Audits: Increased Attention Must Be Given to Preparing Navy's Financial Reports
AIMD-96-7: Published: Mar 27, 1996. Publicly Released: Mar 27, 1996.
GAO reviewed the Navy's fiscal year (FY) 1994 consolidated financial reports, focusing on how the Navy and the Defense Finance and Accounting Service (DFAS) can: (1) improve the credibility of the Navy's FY 1995 financial reports; and (2) enhance their ability to prepare the Navy's FY 1996 annual financial statements.GAO found that: (1) the Navy's FY 1994 consolidated financial reports were not re...
GPRA Performance Reports
GGD-96-66R: Published: Feb 14, 1996. Publicly Released: Feb 14, 1996.
Pursuant to a legislative requirement, GAO presented its initial observations on selected agencies' implementation of the Government Performance and Results Act. GAO noted that: (1) among the 13 pilot projects selected for review, there are some individual practices that can enhance the general usefulness of future performance reports to decisionmakers and the public; (2) these practices include d...
Navy Negative Undelivered Orders
AIMD-96-37R: Published: Feb 12, 1996. Publicly Released: Feb 12, 1996.
GAO examined the Navy's appropriation balances for undelivered orders and related balances for accounts payable as of September 30, 1994. GAO noted that: (1) Defense and Finance Accounting Service (DFAS)-Cleveland reduced two appropriation balances for undelivered orders by $72 million; (2) negative balances for undelivered orders could indicate that orders were not properly recorded, disbursement...
Financial Management: Challenges Facing DOD in Meeting the Goals of the Chief Financial Officers Act
T-AIMD-96-1: Published: Nov 14, 1995. Publicly Released: Nov 14, 1995.
Pursuant to a congressional request, GAO discussed the Department of Defense's (DOD) efforts to implement the Chief Financial Officer's (CFO) Act, focusing on the: (1) financial problems facing the department; (2) actions DOD plans to take; and (3) issues DOD must address to overcome its problems. GAO noted that DOD: (1) does not have adequate financial management processes or financial data to de...