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Financial Management: Navy Needs To Insure That Improper Cost Transfers Stop

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Report Type Reports and Testimonies
Report Date Nov. 29, 1976
Report No. FGMSD-76-48
Subject
Summary:

Many Navy organizations have industrial fund accounting systems, which have improperly transferred costs from one project to another.

This has resulted in distortion of costs of products and services, unauthorized reprogramming actions, and illegal charging of costs. Navy has prescribed new controls to stop the improper

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