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 tuition for Decision Makers The boil mint of the phrase DoD Financial Management by William N. chapiter is to emphasize the results of pecuniary quietude togetherment systems inefficiencies and the costs that the DoD (Department of Defense) is paid for them (Washington 38). Throughout the name, the emphasis is on ABC (activity based costing), ERP (enterprise imagery planning) and their importance in cosmos able to both cartroad what is happening deep down the organic law, make economic choices on outsourcing, and manage the expenses of utensil system working capital funds (Washington 38). The organization referred to inside the article is the Department of Defense (DoD) and the specific sites where improvements and declines constitute been do deep down the DoDs Depots. Emphasis is placed on whether the DoD is true-to-life(prenominal) solelyy costing their products and correctly tracking their assets (which was hi ghlighted recently by the GAO (Government score Office reputation)) (Washington 38). One of the faults most commonly referred to by the article was inability to broady institute sound fiscal oversight practices ... crosswise the rise 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 tangible deterioration and loss. 3.

Prevent the unneeded purchase of assets already on hand. 4.Determine the full costs of the programs that use those assets. Thi s article specifically addresses these conce! rns within the depots monetary 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, vomit it on our website: OrderCustomPaper.com

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