Fundamental dimensions of Financial condition in the federal government

Download
Author
Murphy, Mark S.
Date
2001-06Advisor
Moses, O. Douglas
Euske, Kenneth J.
Metadata
Show full item recordAbstract
Historically, financial reports of federal agencies focused on budgetary accounting, the reporting of obligations and expenditures of appropriated funds. The Chief Financial Officers (CFO) Act of 1990 and subsequent legislation significantly changed this pattern by requiring the 24 largest government agencies to reorganize their financial staffs and establish Chief Financial Officers to reform accounting procedures and reporting. To achieve the goals of the financial reform acts, it must be determined if executive agencies are improving financial management. This determination may be facilitated by systematic financial analysis of agency operations using information provided in agency financial reports. The objective of this thesis is to examine financial ratios calculated from federal financial statement information in order to identify fundamental dimensions of financial condition within the federal government and the ratios representative of those dimensions. Statistical analysis of financial ratios using factor analysis was used to determine the fundamental dimensions of financial condition. The results indicate that nine fundamental dimensions of financial condition underlying the numerous financial ratios exist within the federal government. The dimensions are comprehensive in that they reflect the variance existing in the larger set of financial ratios. Individual ratios can be selected to represent or measure each dimension. These dimensions and ratios provide an approach to conducting a financial analysis.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
Related items
Showing items related by title, author, creator and subject.
-
Framework for financial ratio analysis of audited federal financial reports
Brady, Richard T. (Monterey, California ; Naval Postgraduate School, 1999-12);Federal agencies have traditionally prepared financial reports to monitor and report the obligation and expenditure of federal funding. With the passage of the Chief Financial Officers Act of 1990, Congress called for the ... -
Basic dimensions of financial condition within the defense industry
Bowden, Craig T. (Monterey, California. Naval Postgraduate School, 1998-09);In the current economic climate of fiscally constrained resources, the Department of Defense (DoD) has become extremely sensitive to the ways in which it spends money in support of its mission of providing national security. ... -
The primary dimensions of financial condition for firms within the defense industry
White, Robert M. (Monterey, California. Naval Postgraduate School, 1994-12);This thesis examines the primary dimensions of financial condition for firms within the defense industry. Specifically, the thesis conducts a factor analysis of thirty-two financial ratios for 50 defense firms over a ten ...