Financial Information Compiled by DOD Field Accounting Sites

摘要

This report is the fifth and final in a series of audit reports related to the FY 2000 DoD Agency-Wide Financial Statements. The first report discusses the internal controls and compliance with laws and regulations for DoD. The second report discusses the assessment of the FY 2000 Financial Management Improvement Plan. The third report discusses the Audited Financial Statement module of the Defense Departmental Reporting System. The fourth report discusses compilation issues related to the preparation of the FY 2000 DoD agency-Wide Financial Statements. This report discusses the accuracy and reliability of financial data compiled by the DoD field accounting sites. Public Law 101-576, the 'Chief Financial Officers Act of 1990', November 15, 1990, as amended by Public Law 103-356, the 'Federal Financial Management Act of 1994', October 13, 1994, requires DoD to prepare annual audited financial statements. Defense Finance and Accounting Service central accounting sites maintain department-level accounting records and prepare financial statements from general ledger trial balances and other financial data submitted by field accounting sites and DoD entities. Field accounting sites were formerly known as Operating Locations, accounting offices at the Defense Finance and Accounting Service Centers, or Finance and Accounting Offices. The DoD Agency-Wide financial statements for FY 2000 reported total net cost-of-operations of $347.5 billion, assets of $616.7 billion, liabilities of $1,002.8 billion, and budgetary resources of $656.1 billion.