World Library  


Add to Book Shelf
Flag as Inappropriate
Email this Book

Transforming Department of Defense Financial Management

By Department of Defense

Click here to view

Book Id: WPLBN0000070284
Format Type: PDF eBook
File Size: 0.4 MB
Reproduction Date: 2005
Full Text

Title: Transforming Department of Defense Financial Management  
Author: Department of Defense
Volume:
Language: English
Subject: Military, Armed Forces., National defense.
Collections: Military and Armed Forces Library Collection
Historic
Publication Date:
Publisher: Department of Defense

Citation

APA MLA Chicago

Defense, D. O. (n.d.). Transforming Department of Defense Financial Management. Retrieved from http://hawaiilibrary.net/


Description
Government Reference Publication

Excerpt
Executive Summary: At the request of the Secretary of Defense (SECDEF), the Department of Defense (D.O.D.) contracted with the Institute for Defense Analyses to conduct a study to recommend a strategy for financial management improvements within the Department. The Study Group envisions a future in which relevant, reliable and timely financial information1, affirmed by a clean audit opinion, is available on a routine basis to support management decision-making at all levels throughout D.O.D. Relevant financial information will tell managers the costs of forces or activities that they manage and the relationship of funding levels to output, capability or performance of those forces or activities. Reliable financial information will provide a more accurate basis for decision-making and be affirmed by a clean audit opinion. Such financial information will be available to managers at all pertinent levels, from those charged with carrying out D.O.D.’s missions at the theater and national levels down to the managers of supporting activities.

Table of Contents
Table of Contents Executive Summary ...........................................................................................................i 1.0 Introduction ........................................................................................................... 1 2.0 Vision...................................................................................................................... 2 3.0 Current Situation .................................................................................................. 3 4.0 Elements of Transformation .............................................................................. 10 Leadership ..................................................................................................................... 10 Incentives ...................................................................................................................... 11 Accountability ............................................................................................................... 11 Organizational Alignment............................................................................................. 11 Changing Certain Rules ................................................................................................ 12 Changing Enterprise Practices ...................................................................................... 13 5.0 Financial Transformation Framework ............................................................. 15 Twin Track Approach – High Level Overview ............................................................ 15 Twin Track Program Implementation ........................................................................... 16 Significant Challenges................................................................................................... 18 Catalyst for Change....................................................................................................... 18 Appendix A. Current Situation Examples................................................................... 26 Appendix B. Recent Financial Management Audit Issues......................................... 31 Appendix C. Related Audit Reports and Testimony.................................................. 36 Appendix D. Individuals Interviewed During the Study ........................................... 38

 

Click To View

Additional Books


  • Security Assistance Legislation and Poli... (by )
  • Defense Motion to Dismiss Charge 2 for F... (by )
  • Emergency Health Powers on Military Inst... (by )
  • Medical Development (Advanced) (by )
  • Finite State Markov Models for Error Bur... (by )
  • Mineral Exploration and Extraction on Do... (by )
  • National Guard and Reserve Units Called ... (by )
  • Information Sources (by )
  • Army Rdt&E Budget Item Justification (R2... (by )
  • Claim for Compensation on Account of Tra... (by )
  • Good Medicine in Bad Places (by )
  • Public Law 106-113 106Th Congress (by )
Scroll Left
Scroll Right

 



Copyright © World Library Foundation. All rights reserved. eBooks from Hawaii eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.