Accession Number:

ADA383373

Title:

The Inventory-As-Assets Concept Implementation for Depot-Level Reparables

Descriptive Note:

Final rept

Corporate Author:

LOGISTICS MANAGEMENT INST MCLEAN VA

Report Date:

2000-01-01

Pagination or Media Count:

82.0

Abstract:

The Air Force working capital funds WCFs accounting vision for depot-level reparables DLRs focuses on selling inventories of DLRs to customers. In the private sector, the accounting vision for DLRs is built around selling an inventory service that involves DLRs much like a car rental agency sells a service that involves cars. Compared to the WCF accounting, commercial accounting the so-called inventory-as-assets approach simplifies DLR accounting, improves the auditabilty of financial data, eliminates troubling adjusting entries, and complies with generally accepted accounting principles. In this report, LMI develops an operating concept of how commercial practices could be implemented for DLR accounting, and then identifies changes to policies, regulations, and data reporting systems the Air Force would have to make in order to implement that accounting scheme.

Subject Categories:

  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE