FederalNewsRadio - Federal Financial Report - CGAC

A big step toward getting the entire government's books to make sense. The Office of Management and Budget has released a draft of a common, governmentwide accounting classification structure. Government Computer News reports it'll eventually be incorporated into core financial management systems, so that when an agency makes upgrades or moves to a shared-services provider, the new software can be configured accordingly. Comments on the draft are due in mid-January for a discussion session a month later.