Business modernization NASA's Integrated Financial Management program does not fully address agency's external reporting issues.DIANE Publishing |
Other editions - View all
Common terms and phrases
Accounting Office accounts payable accrued costs adjustments to prior Aeronautics and Space agencies agency’s agencywide asset management module audit Budget Budgetary Resources business process reengineering business processes capture and report compliance comply substantially configured contractors core financial module Cost Accounting Standards cost and schedule cost estimators costs reported ensure external financial reporting federal accounting standards Federal Financial Management FFMSR financial information Financial Management Improvement Financial Management Program financial management systems financial reporting purposes financial statements fiscal GAO Recommendation Glenn Research Center IFMP implemented in June information needed Integrated Financial Management internal control June 23 ledger manual processes manual workarounds module's NASA disagreed NASA Response NASA's National Aeronautics October PP&E and materials PricewaterhouseCoopers prior to implementation prior year obligations program managers property records reporting requirements requirements of FFMIA schedule data SFFAS Space Administration Statement of Budgetary substantially comply summary-level system requirements transaction types U.S. General Accounting
Popular passages
Page 29 - We will also make copies available to others upon request. In addition, this report will be available at no charge on the GAO Web site at http://www.gao.gov. If you or your staff have any questions about this report, please contact me at (202) 512-5431 or dagostinod@gao.gov.
Page 39 - GAO's Web site (www.gao.gov) contains abstracts and fulltext flies of current reports and testimony and an expanding archive of older products. The Web site features a search engine to help you Locate documents using key words and phrases. You can print these documents in their entirety, including charts and other graphics. Each day, GAO issues a...
Page 30 - National Aeronautics and Space Administration Office of the Administrator Washington, DC 20546-0001 Mr.
Page 5 - ... financial information accumulation and processing, enhance financial control, and support budget and external reporting, including financial statement preparation. The SGL is intended to improve data stewardship throughout the government, enabling...
Page 19 - Accounting standards are authoritative statements of how particular types of transactions and other events should be reflected in financial statements. SFFACs explain the objectives and ideas upon which FASAB develops the standards.
Page 6 - Office began a special effort to review and report on the federal program areas its work identified as high risk because of vulnerabilities to waste, fraud, abuse, and mismanagement. This effort, which...
Page 6 - October 1990, the Secretary of the Treasury, the Director of OMB, and the Comptroller General established FASAB to develop a set of generally accepted accounting standards for the federal government.
Page 6 - NASA's inability to (1) oversee its contractors and their financial and program performance and (2) implement a modern, integrated financial management system, which is integral to producing accurate and reliable financial information needed to support contract management.
Page 24 - US General Accounting Office, Executive Guide: Creating Value Through World-class Financial Management, GAO/AIMD-00-134 (Washington, BC...
Page 7 - ... Management, working in cooperation with each other and with operating agencies to improve financial management practices throughout the government. The program was initiated in 1948 by the Secretary of the Treasury, the Director of the Bureau of the Budget (now OMB), and the Comptroller General and was given statutory authorization in the Budget and Accounting Procedures Act of 1950. The Civil Service Commission, now the Office of Personnel Management (OPM), joined JFMIP in 1966.