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Financial Management: An Overview of Finance and Accounting Activities in DOD

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Report Type Reports and Testimonies
Report Date Feb. 19, 1997
Report No. NSIAD/AIMD-97-61
Subject
Summary:

Significant problems continue to plague financial operations at the Defense Department (DOD). This report discusses (1) DOD's rationale for creating the Defense Finance and Accounting Service, (2) the current size of DOD's finance and accounting infrastructure (e.g., locations, personnel, and systems) as compared with its size when the Service was created, and (3) the various finance and accounting activities performed by DOD personnel. Included is a list of reports GAO has issued over the years on DOD's financial management problems. A report in GAO's High-Risk Series entitled Defense Financial Management (GAO/HR-97-3) summarizes DOD's problems in this area and assesses DOD's approach to correcting them.

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