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

reportActive / Technical Report | Accesssion Number: AD1155037 | Open PDF

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.

Author(s):
Wacker, Fred
Author Organization(s):
United States General Accounting Office
Funding Organization(s):
United States General Accounting Office , Washington , DC
Document Type:
Technical Report/Congressional Report
Publication Date:
1980 Jan 09
Pagination:
32

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

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

RECORD

Collection: TRECMS
Subject Terms
Communities of Interest:
Human Systems
Descriptor(s):
contract administration, contracts, standards, air force, military standards, procurement, foreign military sales, logistics, united states, accounting, business administration, congress, costs, data processing, defense systems, errors, financial management
Subject Categories:
Behavioral and Social Sciences; Behavioral and Social Sciences
Creation Date:
2021 Dec 13
Update Date:
2022 Jan 27