Use of Central Accounting Data. March 21, 2007 Presenter: David Burgman. Three Types of Reporting Inconsistencies. 1. Inconsistent data in Agency Statements vs. the FR. (GFRS addresses)
Use of Central Accounting Data
March 21, 2007
Presenter: David Burgman
* RC 19 & 28 are deleted
IRAS compares agency reporting and notifies both of mismatches.
Agencies review their own data and claim they are correct.
The out of balance condition remains.
Trial Balances are compared to the number in Central Accounting System, which is approved by both agencies and can be rejected if different.
Expenditure Transfers of Financing Sources