Financial Management: Analysis of DoD's First Biennial Financial Management Improvement Plan.
GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV
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Section 1008 of the National Defense Authorization Act for Fiscal Year 1998 Public Law 105-85 required that the Secretary of Defense submit to the Congress a biennial strategic plan for the improvement of financial management within the Department of Defense DOD. The plan is to be submitted not later than September 30 of each even-numbered year and is to address all aspects of financial management within DOD, including the finance systems, accounting systems, and data feeder systems that support its financial functions. Each plan is to include a statement of the Secretary of Defenses concept of operations for financial management. In addition, the act directed that the first plan include a discussion of 12 specific financial management topics. Section 912 of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 Public Law 105-261 required GAO to analyze DODS Biennial Plan and discuss the extent to which it is a workable plan for addressing DODS financial management problems.
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