Financial Statements amp; Accounting Data.pptVIP

Outline Financial Statement Reporting Requirement Legacy Accounting Systems Medical Accounts Receivable (A/R) CFO Act of 1990: Integrated Financial Management (FM) systems supporting DoD accounting needs are key to effective financial management Federal Financial Management Improvement Act (FFMIA) of 1996: All Federal agencies to comply Implement/maintain systems that meet Federal FM system requirements (Joint Financial Management Improvement Program (JFMIP)) Support Federal accounting standards (Federal Accounting Standards Advisory Board (FASAB)) Apply US Standard General Ledger (USSGL) at the transaction level Office of Management Budget (OMB) Use commercial off-the-shelf (COTS) JFMIP-certified software for replacement of core FM systems (OMB Circular A-127) New Service FM COTS are JFMIP-certified Army – General Fund Enterprise Business System (GFEBS) SAP COTS Navy – Navy Enterprise Resource Planning (ERP) Oracle COTS Air Force – Defense Enterprise Accounting and Management System (DEAMS) Oracle COTS Standard Financial Information Structure (SFIS) A comprehensive, standard “business language” that defines financial information that supports all DoD-wide budget, cost/performance management, and external reporting requirements SFIS is NOT an IT system /dbt/sfis_resources.html Budget Execution - OMAs of 30 June 2010 Budget Execution - OMAs of 30 June 2010 Budget Execution Performance-OMAs of 30 June 2010 Budget Execution Performance-OMAs of 30 June 2010 Budget Execution – RDTEAs of 30 June 2010 Budget Execution – RDTEAs of 30 June 2010 Budget Execution Performance-RDTEAs of 30 June 2010 Budget Execution Performance-RDTEAs of 30 June 2010 Budget Execution - ProcurementAs of 30 June 2010 Budget Execution – Procurement As of 30 June 2010 Budget Execution Performance – Procurement As of 30 June 2010 Budget Execution Performance –Procurement As of 30 June 2010 Financial Metrics Monthly Reporting, History and Measures Accounts Receivable (A/R) Publi