Centralization of the Billing and Collecting Functions of the Foreign Military Sales Program

FGMSD-77-46: Published: Sep 16, 1977. Publicly Released: Sep 16, 1977.

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Although centralization can improve accounting systems and financial management, there are a number of weaknesses in the Air Force Accounting and Finance Center's billing and collecting system which the Security Assistance Accounting Center used as a model for its centralized system and certain other problems in the Army's and Navy's systems which could adversely affect the centralized system.

An improved system is needed to control the reporting of foreign military sales deliveries. The Air Force billing process did not insure that funds were received from foreign governments before incurring costs on their behalf. The Air Force accounting system also lacked adequate controls to insure that actual costs incurred for foreign military sales were billed to foreign governments.

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