United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-05-23 monographic deposited born digital GA 1.13:T-AIMD-95-146 https://www.govinfo.gov/app/details/GAOREPORTS-T-AIMD-95-146 P0b002ee1803936aa f:tai95146 DGPO 2010-08-12 2011-03-28 GAOREPORTS-T-AIMD-95-146 machine generated eng fdlp REPORT GAOREPORTS-T-AIMD-95-146 T-AIMD-95-146 Financial management Financial management systems Accounting procedures Data integrity Strategic planning Federal agency accounting systems Internal controls Defense industry Defense cost control Defense economic analysis Defense Business Operations Fund Defense Business Operations Fund Improvement Plan Testimony AIMD The Pentagon's efforts to reform its financial management operations will play a critical role in ensuring that every possible defense dollar goes toward maintaining the readiness of fighting forces while reducing the costs of the Defense Department's (DOD) support operations. Today, DOD must have good financial management information to make sound resource allocation decisions, safeguard its huge investment in assets, and control its operating costs. DOD now recognizes the seriousness of its financial management problems and the urgent need for corrective measures. However, truly improving DOD's financial management operations is a major undertaking. In fiscal year 1994, DOD was accountable for more than $1 trillion in assets, more than three million military and civilian personnel, and $272 billion in expenditures, which represented about half of the government's discretionary spending. DOD has serious, long-standing problems in correctly disbursing billions of dollars in payments to vendors and providing reliable financial and cost information to those responsible for carrying out and overseeing DOD's missions and programs. The Comptroller General's testimony discusses DOD's plans for reform and makes suggestions to build on these efforts. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-AIMD-95-146/html/GAOREPORTS-T-AIMD-95-146.htm GAO/T-AIMD-95-146 https://www.govinfo.gov/app/details/GAOREPORTS-T-AIMD-95-146 Testimony GAO/T-AIMD-95-146; Financial Management: Challenges Confronting DOD's Reform Initiatives; Financial management Financial management systems Accounting procedures Data integrity Strategic planning Federal agency accounting systems Internal controls Defense industry Defense cost control Defense economic analysis Defense Business Operations Fund Defense Business Operations Fund Improvement Plan