Standardized accounting ashore for afloat activities
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Authors
Burr, Michael J.
Subjects
Advisors
Fremgen, James M
Kalmar, Louis G.
Date of Issue
1996-06
Date
June, 1996
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
With limited resources and reduced funding for Naval forces, there is a need to standardize accounting ashore for all afloat activities. The purpose of this thesis was to review the framework for standardization of inventory reporting afloat under one stores (inventory) accounting system, referred to as the Material Financial Control System-Retail (MFCS-Retail). Additional analysis was conducted on general funds obligational reporting for afloat Operating Targets (OPTARS) and the conversion to the Standard Accounting and Reporting System, Field Level (STARS-FL) system. Empirical research was conducted at DFAS Operating Locations in San Diego, California and Norfolk, Virginia to review existing stores accounting and general funds management procedures. Additionally, financial reconciliation procedures were reviewed for inventory and financial accounting, with the goal of using artificial intelligence to reduce unmatched receipts and expenditures. Emphasis was placed on areas that could be streamlined and automated to provide timeliness in reporting, while reducing workload afloat. The major finding of this research was that standardizing accounting for inventories afloat under MFCS-Retail and STARS-FL for OPTAR management allows for streamlining detailed inventory management and financial reporting ashore. A major benefit is the reduction of workload afloat through the standardization of re ortin across the fleet.
Type
Thesis
Description
Series/Report No
Department
Organization
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NPS Report Number
Sponsors
Funder
Format
152 p.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.