Financial Management: DoD Progress Payment Distribution Procedures

reportActive / Technical Report | Accesssion Number: AD1152783 | Open PDF

Abstract:

The Department of Defense (DOD) has long recognized that distributing and accounting for contract progress payments are major contributors to its problems in accurately accounting for disbursements. Over the past several years, a number of different methods have been used within the Department to distribute and account for progress payments when more than one appropriation is used to fund a contract. A distribution method is necessary because contractors are not required to identify the funding appropriations when submitting progress payment requests.

Author(s):
Jacobson, Lisa G.
Author Organization(s):
GENERAL ACCOUNTING OFFICE WASHINGTON DC
Funding Organization(s):
DEPARTMENT OF DEFENSE WASHINGTON DC, WASHINGTON , DC
Document Type:
Technical Report/Technical Report
Publication Date:
1997 Jul 21
Pagination:
28

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution Code:
A - Approved For Public Release
Distribution Statement: Public Release

RECORD

Collection: TRECMS
Subject Terms
Communities of Interest:
No COI(s) Identified
Descriptor(s):
contracts, department of defense, financial management, air force, contract administration, contractors, money, procurement, accounting, electronic mail, governments, instructions, business administration, comptrollers, finance, guidance, hard copy
Keyword(s):
appropriations, distribution methods, dfas(Defense Finance and Accounting Service), mocas(Mechanization of Contract Administration Services)
Subject Categories:
Behavioral and Social Sciences; Behavioral and Social Sciences
Creation Date:
2021 Nov 16
Update Date:
2021 Dec 27