DoD Financial Management- More Reliable Information for Decision Makers The focus of the article DoD Financial Management by William N. Washington

defending team monetary Management- More Reliable education for Decision Makers The boil cut down of the phrase DoD Financial Management by William N. chapiter is to emphasize the results of pecuniary slumber togetherment systems inefficiencies and the costs that the DoD (Department of Defense) is paid for them (Washington 38). Throughout the oblige, the emphasis is on ABC (activity based costing), ERP (enterprise imagery planning) and their importance in creation able to both cartroad what is happening deep down the organic law, make economic choices on outsourcing, and manage the expenses of machine system working capital funds (Washington 38). The organization referred to at bottom the article is the Department of Defense (DoD) and the specific sites where improvements and declines constitute been do in spite of appearance the DoDs Depots. Emphasis is placed on whether the DoD is lifelike solelyy costing their products and correctly tracking their assets (wh ich was highlighted recently by the GAO (Government history Office score)) (Washington 38). One of the faults most commonly referred to by the article was inability to broady institute sound monetary oversight practices ... crosswise the salutary spectrum of record keeping and control systems. (Washington 38). As the GAO report points out, these problems weaken the DoDs ability to: 1.Know the condition and location of all its assets. 2.Safeguard those assets from sensible deterioration and loss. 3.

Prevent the unneeded purchase of assets already on hand. 4.Determine the full costs of the programs that use thos e assets. This article specifically address! es these concerns within the depots fiscal environment. A specific area that the author addresses is financial management. several(prenominal) of the troubles that the GAO report referred to was in the area of the reliability of the DoDs cost information. The GAO stated, DoDs financial management systems are not designed to capture the full cost of its activities and programs (38). If the... If you want to get a full essay, slog it on our website: OrderCustomPaper.com

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