Accession Number:

ADA595801

Title:

Fiscal Year 2011 United States Army Annual Financial Report. America's Army: At a Strategic Crossroads

Descriptive Note:

Annual rept.

Corporate Author:

ASSISTANT SECRETARY OF THE ARMY (FINANCIAL MANAGEMENT AND COMPTROLLER) WASHINGTON DC

Personal Author(s):

Report Date:

2011-01-01

Pagination or Media Count:

141.0

Abstract:

Our changing financial management processes rely upon the successful deployments of state-of-the-art technology embedded in our enterprise resource planning ERP systems, replacing outdated legacy systems. These ERP systems, including General Fund Enterprise Business System GFEBS, Global Combat Support System-Army GCSS-A, Integrated Pay and Personnel System-Army IPPS-A and Logistics Modernization Program LMP, are beginning to enable the effective and controlled processes required to sustain our financial environment. These ERP implementations are challenging, and represent the largest of their kind in the world in terms of users, geographic reach, and transaction volume. Together, GFEBS, GCSS-A, IPPS-A and LMP will provide a real-time, transparent integrated view of the Army s business and financial operations. In fiscal year 2011 we began the annual cycle of financial statement audits to introduce Army headquarters, Commands, installation, and unit personnel to audit requirements and to ensure the Army s ERP systems and supporting business processes support a financial statement audit. As discussed in the accompanying independent auditor s report, long-standing financial management challenges prevent the Army from producing auditable financial statements for the Army General Fund Army GF or the Army Working Capital Fund Army WCF. The Army, however, continues to work with the DoD to develop sustainable business practices and enhanced internal controls that will improve financial management processes and produce quality financial management information. These processes must be supported by compliant business systems and an effective set of management controls.

Subject Categories:

  • Administration and Management
  • Economics and Cost Analysis
  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE