Finance process review committee meeting november 15 2011
Download
1 / 6

Finance Process Review Committee Meeting November 15, 2011 - PowerPoint PPT Presentation


  • 218 Views
  • Uploaded on

Government Wide Accounting (GWA) and Modernization Project Update Treasury Financial Management Service (FMS) System Changes &Timelines Impacts and Status. Finance Process Review Committee Meeting November 15, 2011. Treasury Standardization: Goal, Requirement, Target .

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Finance Process Review Committee Meeting November 15, 2011' - kennan-summers


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Finance process review committee meeting november 15 2011

Government Wide Accounting (GWA) and Modernization Project UpdateTreasury Financial Management Service (FMS) System Changes &Timelines Impacts and Status

Finance Process Review Committee Meeting

November 15, 2011

Integrity - Service - Innovation


Treasury Standardization: Goal, Requirement, Target Update

  • *Guidance issued by Treasury/FMS Commissioner-Memo dated 1/14/11

  • Goal: Eliminate Federal Agencies current month end reporting

    • SF 1219, Statement of Accountability

  • Expenditure transactions reported

    • IPAC

    • Collections

    • Payments (Disbursements)

    • DoD, Disbursing Officer Cash

    • SF 1220, Statement of Transactions

      • Transactions reporting changes to Treasury level TASs

        • Interfund Billings

        • Cross Disbursements

        • Reimbursable Billings

        • Accounting Adjustments

        • Collections/Disbursements

  • Requirement: Capture and report standard accounting data on all expenditure transactions

  • Treasury Account Symbol (TAS)

  • Business Event Type Code (BETC)

  • Target Date: Oct. 1. 2014

  • - TDOs and NTDOs (Advised of addition guidance for payments)

  • Integrity - Service - Innovation


    Challenges for compliance
    Challenges for Compliance Update

    • Treasury

    • Resolving DoD reporting of Disbursing Officer cash to an approved TAS (1219 line 5)

      • DoD/DFAS working group developing proposal to use an existing acct

    • Completing development of the Payments Information Repository (PIR) for NTDOs – Target, January 2013

    • Resolving daily reporting process for DoD unique reporting DSSNs/ALCs

    • DoD

      • Determine end-state systems solution to transition from monthly to daily reporting

        • Reclassification and reconciliation of FBWT critical and must be maintained

    • Developing business processes and system changes to support implementation of an approved TAS to report Disbursing Officer cash

    • Clearing all current Statements of Differences to zero before elimination from 1219/1220

    • Completely eliminating the consolidated Statements of Accountability &Transactions currently submitted monthly to Treasury for Navy, Army, and Air Force by 2014

    Integrity - Service - Innovation


    Dod gwa implementation status ipac pilots

    DoD GWA Implementation Status - IPAC Pilots

    • Eliminate expenditure transactions from monthly statements (1219/1220)

    Disbursing Officer Cash

    IPAC

    Collections

    Payments

    • JAN 2013

    • *Target “live” date *

    • IPAC for ALC 8522

    • Not reported on 1219

    • TBD 2013

    • Develop new SCR to eliminate multiple collection DSSNs

    In Development

    TBD

    • TBD 2013

    • Develop new SCR to eliminate multiple collection DSSNs

    In Development

    TBD

    TBD

    • * Trust Funds ALC (97200010) Full GWA Reporter - 1 SEP 09 *

    Integrity - Service - Innovation


    Next steps
    Next Steps Update

    • Interfund processes and applicability are being reviewed jointly by DoD and Treasury to assess impacts and possible mitigation strategies

    • Complete Business Case for DoD systems & reporting solution

    • Continue joint action with Treasury scoping size of DoD; Develop more aggressive GWA implementation strategy

      • First meeting held Sept. 29, 2011

      • Re-occurring meeting schedule will begin January 2012

    • Continue working with Treasury, Payments Mgmt. on requirements for PIR

      • First DoD requirements gathering/information session held Sept. 14-15, 2011

      • Repeat session for military service reps. & ERPs unable to attend, scheduled Nov. 30, 2011, Treasury/FMS – Hyattsville, MD (Conference line available)

    Integrity - Service - Innovation


    QUESTIONS?? Update

    [email protected]

    Lead, GWA/GTAS Project Office

    Enterprise Systems

    Integrity - Service - Innovation


    ad