Saturday, January 08, 2005
Bush chooses DHS finance chief
President Bush intends to appoint Andrew Maner, a senior Customs and Border Protection official, as chief financial officer of the Homeland Security Department, White House officials announced this week.
Saturday, January 01, 2005
FFM 101 - Governing Bodies and Standards
FFM 101 incorporates several posts involving the basic and primary knowledge areas for Federal Financial Management.
Below you will find links to the governing bodies and standards for Federal Financial Management.
U. S. House of Representatives, Committee on Government Reform, Subcommittee on Government Management, Finance, and Accountability
Federal Accounting Standards Advisory Board (FASAB)
FASAB Concepts
Financial Accounting Standards Board (FASB)
Government Accounting Standards Board (GASB)
Joint Financial Management Improvement Program (JFMIP)
Office of Management and Budget (OMB)
OMB Office of Federal Financial Management
OMB Form and Content Instructions
OMB Circulars
OMB Memoranda
OMB Bulletins
Treasury Financial Management Service (FMS)
FMS U. S. Standard General Ledger (USSGL)
FMS Treasury Financial Manual
FMS Federal Accounting Symbols and Titles (FAST Book)
FMS Governmentwide Accounting and Reporting Modernization (GWA) Project
General Accountability Office (GAO)
GAO Accounting Standards (Yellow Book)
GAO Standards for Internal Controls (Green Book)
GAO Principles of Federal Appropriations Law (Red Book)
GAO Special Publications - Accounting and Financial Management
GAO Special Publications - Government Policy and Guidance
GAO System Requirements Checklists
U. S. Chief Financial Officers Council
Below you will find links to the governing bodies and standards for Federal Financial Management.
U. S. House of Representatives, Committee on Government Reform, Subcommittee on Government Management, Finance, and Accountability
Federal Accounting Standards Advisory Board (FASAB)
FASAB Concepts
Financial Accounting Standards Board (FASB)
Government Accounting Standards Board (GASB)
Joint Financial Management Improvement Program (JFMIP)
Office of Management and Budget (OMB)
OMB Office of Federal Financial Management
OMB Form and Content Instructions
OMB Circulars
OMB Memoranda
OMB Bulletins
Treasury Financial Management Service (FMS)
FMS U. S. Standard General Ledger (USSGL)
FMS Treasury Financial Manual
FMS Federal Accounting Symbols and Titles (FAST Book)
FMS Governmentwide Accounting and Reporting Modernization (GWA) Project
General Accountability Office (GAO)
GAO Accounting Standards (Yellow Book)
GAO Standards for Internal Controls (Green Book)
GAO Principles of Federal Appropriations Law (Red Book)
GAO Special Publications - Accounting and Financial Management
GAO Special Publications - Government Policy and Guidance
GAO System Requirements Checklists
U. S. Chief Financial Officers Council
FFM 101 - Legislation and Management Requirements
FFM 101 incorporates several posts involving the basic and primary knowledge areas for Federal Financial Management.
Below you will find links to the defining legislation and executive guidance that governs Federal Financial Management.
The Federal Managers Financial Integrity Act (FMFIA) of 1982
Required ongoing evaluations of and reports on the adequacy of internal accounting systems and administrative controls of each executive agency, not just controls over financial reporting but also controls over program areas.
The Chief Financial Officers Act of 1990 (CFO Act)
Mandated a financial management leadership structure; required the preparation and audit of annual financial statements only by pilot agencies; called for modernized financial management systems; strengthened internal controls; and required the systematic measurement of performance, the development of cost information, and the integration of program, budget and financial systems. Public Law 101-576 (Nov. 15, 1990).
Federal Credit Reform Act of 1990
The Government Performance and Results Act (GPRA) of 1993
Required agencies to develop strategic plans, set performance goals and report annually on actual performance compared to goals.
The Government Management Reform Act (GMRA) of 1994
Made permanent the pilot program in the CFO Act for annual audited agency-level financial statements, expanded this requirement to all CFO Act agencies, and established a requirement for the preparation and audit of governmentwide consolidated financial statements.
The Federal Financial Management Improvement Act (FFMIA) of 1996
Built on the foundation laid by the CFO Act by reflecting the need for CFO Act agencies to have integrated systems that can generate reliable, useful and timely information with which to make fully informed decisions and to ensure accountability on an ongoing basis.
Debt Collection Improvement Act of 1996
The Federal Managers Financial Integrity Act (FMFIA) of 1996
The genesis of the increasing focus on improving the effectiveness and performance of federal grant programs, simplifying the process and reporting, improving coordination between grant-making organizations, and improving the delivery of public service.
Public Law 106-107, Federal Financial Assistance Management Improvement Act of 1999
Reports Consolidation Act of 2000
Required that agencies prepare a combined Performance and Accountability Report (PAR) each year.
Prompt Payment Act of 2001
Accountability of Tax Dollars Act (ADTA) of 2002
Required most executive agencies that are not otherwise required, or are exempted by OMB, to prepare annual audited financial statements and to submit such statements to the director of OMB and Congress.
Improper Payments Information Act (IPIA) of 2002
Required agencies to enhance the accuracy and integrity of federal payments.
Department of Homeland Security Financial Accountability Act of 2004
Added the Department of Homeland Security to the list of CFO Act agencies.
Federal Funding Accountability and Transparency Act (FFATA) of 2006
Required most executive agencies that are not otherwise required, or are exempted by OMB, to prepare annual audited financial statements and to submit such statements to Congress and the director of OMB.
The American Recovery and Reinvestment Act (ARRA) of 2009
Improper Payments Elimination and Recovery Act (IPERA) 2010
OMB Circular A-11, Preparation, Submission, and Execution of the Budget
OMB Circular A-123, Management Accountability and Control
OMB Circular A-125, Prompt Pay
OMB Circular A-127, Financial Management Systems
OMB Circular A-130, Security of Federal Automated Information Resources
OMB Circular A-134, Financial Accounting Principles and Standards
OMB Circular A-136, Financial Reporting Requirements
FASAB, Statement of Federal Financial Accounting Standards (SFFAS) Number 2 - Accounting for Direct Loans and Loan Guarantees
United States Standard General Ledger
Common Governmentwide Accounting Classification (CGAC) Structure
FSIO Standard Business Processes
FSIO System Requirements
Below you will find links to the defining legislation and executive guidance that governs Federal Financial Management.
The Federal Managers Financial Integrity Act (FMFIA) of 1982
Required ongoing evaluations of and reports on the adequacy of internal accounting systems and administrative controls of each executive agency, not just controls over financial reporting but also controls over program areas.
The Chief Financial Officers Act of 1990 (CFO Act)
Mandated a financial management leadership structure; required the preparation and audit of annual financial statements only by pilot agencies; called for modernized financial management systems; strengthened internal controls; and required the systematic measurement of performance, the development of cost information, and the integration of program, budget and financial systems. Public Law 101-576 (Nov. 15, 1990).
Federal Credit Reform Act of 1990
The Government Performance and Results Act (GPRA) of 1993
Required agencies to develop strategic plans, set performance goals and report annually on actual performance compared to goals.
The Government Management Reform Act (GMRA) of 1994
Made permanent the pilot program in the CFO Act for annual audited agency-level financial statements, expanded this requirement to all CFO Act agencies, and established a requirement for the preparation and audit of governmentwide consolidated financial statements.
The Federal Financial Management Improvement Act (FFMIA) of 1996
Built on the foundation laid by the CFO Act by reflecting the need for CFO Act agencies to have integrated systems that can generate reliable, useful and timely information with which to make fully informed decisions and to ensure accountability on an ongoing basis.
Debt Collection Improvement Act of 1996
The Federal Managers Financial Integrity Act (FMFIA) of 1996
The genesis of the increasing focus on improving the effectiveness and performance of federal grant programs, simplifying the process and reporting, improving coordination between grant-making organizations, and improving the delivery of public service.
Public Law 106-107, Federal Financial Assistance Management Improvement Act of 1999
Reports Consolidation Act of 2000
Required that agencies prepare a combined Performance and Accountability Report (PAR) each year.
Prompt Payment Act of 2001
Accountability of Tax Dollars Act (ADTA) of 2002
Required most executive agencies that are not otherwise required, or are exempted by OMB, to prepare annual audited financial statements and to submit such statements to the director of OMB and Congress.
Improper Payments Information Act (IPIA) of 2002
Required agencies to enhance the accuracy and integrity of federal payments.
Department of Homeland Security Financial Accountability Act of 2004
Added the Department of Homeland Security to the list of CFO Act agencies.
Federal Funding Accountability and Transparency Act (FFATA) of 2006
Required most executive agencies that are not otherwise required, or are exempted by OMB, to prepare annual audited financial statements and to submit such statements to Congress and the director of OMB.
The American Recovery and Reinvestment Act (ARRA) of 2009
Improper Payments Elimination and Recovery Act (IPERA) 2010
OMB Circular A-11, Preparation, Submission, and Execution of the Budget
OMB Circular A-123, Management Accountability and Control
OMB Circular A-125, Prompt Pay
OMB Circular A-127, Financial Management Systems
OMB Circular A-130, Security of Federal Automated Information Resources
OMB Circular A-134, Financial Accounting Principles and Standards
OMB Circular A-136, Financial Reporting Requirements
FASAB, Statement of Federal Financial Accounting Standards (SFFAS) Number 2 - Accounting for Direct Loans and Loan Guarantees
United States Standard General Ledger
Common Governmentwide Accounting Classification (CGAC) Structure
FSIO Standard Business Processes
FSIO System Requirements
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