Transforming the Department of Defense financial management PDF Download

Author: United States. Congress. House. Committee on Government Reform. Subcommittee on National Security, Veterans Affairs, and International Relations
Publisher:
ISBN:
Category : History
Languages : en
Pages : 160

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 54

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Book Description
At the request of the Secretary of Defense (SECDEF), the Department of Defense (DoD) contracted with the Institute for Defense Analyses to conduct a study to recommend a strategy for financial management improvements within the Department. The Study Group envisions a future in which relevant, reliable and timely financial information, affirmed by a clean audit opinion, is available on a routine basis to support management decision-making at all levels throughout DoD. Relevant financial information will tell managers the costs of forces or activities that they manage and the relationship of funding levels to output, capability or performance of those forces or activities. Reliable financial information will provide a more accurate basis for decision-making and be affirmed by a clean audit opinion. Such financial information will be available to managers at all pertinent levels, from those charged with carrying out DoD's missions at the theater and national levels down to the managers of supporting activities. Current DoD financial, accounting and feeder/operational management systems do not provide information that could be characterized as relevant, reliable and timely. Nor is the "support of management decision-making" generally an objective of the financially based information currently developed or planned for future development. Front-end investment and much work need to be done to accomplish a necessary transformation. Many positive projects are currently underway in DoD; however, they are narrowly focused, do not have sufficient senior leadership and urgency behind them, and are not part of an integrated DoD-wide strategy.

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Category :
Languages : en
Pages :

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"Transforming Department of Defense Financial Management: A Strategy for Change" is a report that was originally published on April 13, 2001 by the U.S. Department of Defense (DoD). The report contains the results of a study that was conducted by the Institute for Defense Analyses, based in Alexandria, Virginia, for the DoD. In the document the institute recommends that timely financial information should be available on a routine basis to support management decision-making throughout the DoD. The institute notes that the current financial management systems does not provide timely or reliable information. A downloadable version of the document in PDF format is available.

Author:
Publisher: DIANE Publishing
ISBN: 1428935398
Category :
Languages : en
Pages : 30

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Publisher: DIANE Publishing
ISBN: 1428930795
Category :
Languages : en
Pages : 37

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Author: United States. Congress. House. Committee on Armed Services. Panel on Defense Financial Management and Auditability Reform
Publisher:
ISBN:
Category : History
Languages : en
Pages : 92

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Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
ISBN: 9781977947505
Category :
Languages : en
Pages : 266

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Financial management and business transformation at the Department of Defense : hearing before the Subcommittee on Readiness and Management Support of the Committee on Armed Services, United States Senate, One Hundred Twelfth Congress, first session, July 27, 2011.

Author: United States. Congress. House. Committee on Government Reform
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: United States. Congress. Senate. Committee on Armed Services. Subcommittee on Readiness and Management Support
Publisher:
ISBN:
Category : Executive departments
Languages : en
Pages : 72

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Author: Philip J. Candreva
Publisher: IAP
ISBN: 1681238721
Category : Business & Economics
Languages : en
Pages : 494

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The U.S. Department of Defense accounts for over half of federal government discretionary spending and over 3% of GDP. Half of all federal employees work for the Department. The annual budget for the military not only provides for those salaries, it covers the baseline and wartime operating expenses of the force, and hundreds of billions of dollars of investment in new capabilities and technologies. Given the materiality of the defense function and amount of resources it consumes, the processes for budgeting for defense and managing the funds is important to understand. This text provides a fully integrated view of defense budgeting. It takes the position that defense budgeting is a specific instance of public budgeting, and public budgeting is a specific instance of public policy. In order to fully understand how the nation budgets for defense, it first lays a theoretical and conceptual foundation for public policy and public budgeting. That is followed by an assessment of the political and policy context for defense, including the overarching federal budget process and role of Congress in setting defense policy. Only then does the text explore the specifics of defense budgeting: how, by whom, and why the budget is crafted. Beyond the topic of budgeting – formulating, requesting, and legitimating the request for funds – the book tackles financial management topics. Included are discussions of federal appropriations law, funds management, accounting requirements, intragovernmental business transactions, and contemporary topics of defense policy such as funding overseas contingency operations in an era of deficit control legislation. This book is an appropriate reference for both students and practitioners of defense budgeting and financial management. It would also be appropriate in a general public budgeting course. Most public budgeting texts focus on state and municipal governments and there are few that address the federal system. This book fills that gap and provides a specific example of federal budgeting.