A study of the state of budgetary financial reporting in Navy medicine

Download
Author
Smith, Glenn A.
Date
1998-12-01Advisor
Moses, O. Douglas
Mutty, John E.
Metadata
Show full item recordAbstract
Navy medicine is currently in a state of change in the methods it employs to report on its stewardship over the budget authority it annually receives and executes. The Bureau of Medicine and Surgery (BUMED) is responsible for accurately reporting on budget execution for Navy medicine. BUMED must comply with financial reporting reform mandates from Congress and other federal agencies, while simultaneously optimizing the use of its financial systems to improve financial management processes. This thesis describes and examines the effectiveness of budgetary financial reporting in Navy medicine. The thesis investigates the Defense Finance and Accounting Service (DFAS) and BUMED accounting systems that produce the financial reports, and additionally evaluates the BUMED official accounting reports that roll up into Department of the Navy (DoN) and Department of Defense (DoD) audited financial statements. Criteria established in the Department of Defense Financial Management Regulation (DoDFMR) and BUMED's Command Evaluation Program (CE) are analyzed to evaluate the effectiveness of the financial systems and reports. The analysis shows that BUMED has made considerable strides in contributing to financial reporting reforms by increasing efficiencies of its systems through consolidation and integration. Additionally, BUMED has complied with financial management reporting guidance set forth by federal regulatory agencies.
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.
-
The state of the art of budgetary financial reporting in the Navy
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 ... -
Best Practices and Cost Benefit Analysis of Payroll Reporting
Coelho, Amy; Lee, Jay; Schiferl, Jennifer (Monterey, California. Naval Postgraduate School, 2008-06);EXECUTIVE SUMMARY: The project was designed to provide an assessment of the best practices used in payroll management by a variety of Navy commands. The project aimed to benchmark the average cost of payroll execution ... -
State of the art of proprietary financial reporting in the Department of the Navy
Manning, Jeffrey L. (Monterey, California. Naval Postgraduate School, 1996-12);With the enactment of the Chief Financial Officers (CFO) Act of 1990, the Department of the Navy (DON) is required to produce proprietary financial statements for fiscal year 1996 and beyond. Proprietary financial reporting ...