Standardized accounting ashore for afloat activities
Burr, Michael J.
James M Fremgen
Louis G. Kalmar
MetadataShow full item record
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.
Showing items related by title, author, creator and subject.
Stephens, Phillip C. (Monterey, California. Naval Postgraduate School, 1996-12);The purpose of this thesis was to investigate current budgetary financial reporting practices in the Navy, and provide a comprehensive overview of budgetary reporting in that department. This thesis reviewed and discussed ...
Murphy, Mark S. (2001-06);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 ...
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 ...