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Monday, January 09, 2006

DOD project hits the books

"Department moves to standardize business language before going online with its new financial system

The Defense Department is running workshops to educate its workforce on a new common business language that eventually will be used to track, process and report thousands of business transactions.

Officials are teaching employees the business language, called the Standard Financial Information Structure, ahead of DOD's implementation of a new financial management program - the Defense Enterprise Accounting and Management System (DEAMS). DEAMS, announced in 2003, is a co-production of the Air Force, Transportation Command and Defense Finance and Accounting Service."

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