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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)

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use of central accounting data

Use of Central Accounting Data

March 21, 2007

Presenter: David Burgman

three types of reporting inconsistencies
Three Types of Reporting Inconsistencies
  • 1. Inconsistent data in Agency Statements vs. the FR. (GFRS addresses)
  • 2. Inconsistent data in agency financial statements vs. agency monthly reporting to Treasury. (Not addressed)
  • 3. Agency financial statement data not consistent with USSGL. (Not addressed)
use of central accounting data ucad
Use of Central Accounting Data - UCAD


  • To Improve interagency eliminations by providing agencies a tool to reconcile transactions and balances directly to Treasury Central Accounting data


  • To address the reporting inconsistencies( #2 & #3) by matching with the Treasury Central Accounting data (one-to-one relationship from Central Accounting System to year-end financial reporting)
authoritative source
Authoritative Source
  • Auditors routinely use the records of banks and similar institutions when performing audits of private sector institutions, especially for cash and related assets.
  • FMS’ central accounting system acts as the “bank” for federal agencies. It is the authoritative source for:
  • FBWT
  • CIHO
  • Investments
  • Borrowing Activity
  • Net Outlays
  • Non-Expenditure Transfers
  • Appropriation Warrants
fy 2007 transfers categories
FY 2007 Transfers Categories

* RC 19 & 28 are deleted

current reconciliation process
Current Reconciliation Process

Agency B

IRAS Reports

Agency A

IRAS Reports


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.

future reconciliation process
Future Reconciliation Process


Agency B

FIRST Reports

Agency A

FIRST Reports

Trial Balances are compared to the number in Central Accounting System, which is approved by both agencies and can be rejected if different.

fy 2007 reporting
FY 2007 Reporting
  • Effective –3rd Quarter of FY 2007
  • Changes will be in FY 2007 TFM and Intragovernmental Accounting Policy Guide
snap shot discoverer viewer
Snap Shot –Discoverer Viewer

Expenditure Transfers of Financing Sources

**Summary Report

**Detail Report

  • David Burgman