Accession Number:

AD1155037

Title:

Defense's Accounting For Its Contracts Has Too Many Errors - Standardized Accounting Procedures Are Needed

Descriptive Note:

[Technical Report, Congressional Report]

Corporate Author:

United States General Accounting Office

Personal Author(s):

• Wacker, Fred

Report Date:

1980-01-09

Pagination or Media Count:

32

Abstract:

Nonstandard contract accounting procedures used by Defense components cause substantial errors in reporting, recording, and controlling contract financial data, and spending millions of dollars in unnecessary personnel and other costs due to duplication of accounting functions.

Descriptors:

• contract administration
• law
• procurement
• contracts
• military standards
• standards
• united states
• air force
• control systems
• foreign military sales
• department of defense
• logistics
• abstracts
• accounting
• coding
• computer programming
• contractors

Subject Categories:

• Administration and Management
• Economics and Cost Analysis

Distribution Statement:

[A, Approved For Public Release]