1 / 16

Building a Foundation With Standardization

Building a Foundation With Standardization. Dianne Copeland, Director, FSIO Federal Financial Management Conference March 11, 2008. FMLoB Vision/Framework. Common Governmentwide Accounting Classification (CGAC) Structure. Common Government-wide Accounting Classification (CGAC).

shelley
Télécharger la présentation

Building a Foundation With Standardization

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Building a Foundation With Standardization Dianne Copeland, Director, FSIO Federal Financial Management Conference March 11, 2008

  2. FMLoB Vision/Framework

  3. Common Governmentwide Accounting Classification (CGAC) Structure

  4. Common Government-wide Accounting Classification (CGAC) Goal: Develop a common accounting code structure, including an applicable set of definitions, that all federal agencies’ new financial management systems must adhere to. The common accounting code structure will: • Accommodate both standard government-wide accounting-related functions and critical agency-mission-specific accounting functions (data); and • Include standardization of such items as Treasury Account Symbol/ Treasury Account Funds Symbol; Internal fund code; Budget fiscal year; Accounting quarter and month; Program; Organization; Project; Activity; Cost Center; Object Class; and Budget function (and sub function code)

  5. CGAC Benefits • Create common language and definitions for accounting classification • Provide greater specification in future system requirements to ensure all elements needed are being provided by financial systems • Reduce need to maintain cross-walks and perform reconciliations • Facilitate preparation and transmission of financial reports to OMB and Treasury • Facilitate government-wide exchange, comparison, and aggregation of similar data • Reduce costs and risks of implementing a new Federal financial management system or migration to a shared service provider through improved portability of an agency’s accounting classification structure • Achieve greater consistency and accuracy in government-wide reporting.

  6. Standardization - CGAC • Common Government-wide Accounting Classification (CGAC) Structure • Final structure published in August 2007

  7. CGAC: Universe of Elements

  8. CGAC Data Standardization

  9. Level of Standardization • Data Definition • Field Size • Field Format • Values • Identified field owner • Standard value established • Agency specific • Agency defined

  10. Business Process Standardization

  11. Business Process Standardization Goal: Develop a standard set of business practices for core financial management functions (funds control, payables management, receivables management, reporting, reimbursables) to be adopted by all federal agencies. The document/model will include: • Sequenced activities for core business processes • Data objects participating in a business activity • Relationships among the objects as they exist in the actual business activities • Data elements and definitions used by these objects • Business rules governing these objects

  12. Business Process Standardization Benefits • Lower risk of agency migration to a Shared Service Providers (SSP) • Assurance that SSP’s process requirements are addressed/incorporated into the process standards • More efficient standardization of interfaces to other systems and Treasury • Potential savings and efficiencies on human capital costs • Improved integrity of financial management at both the individual agency and Government-wide levels and ensures compliance with financial management laws and regulations.

  13. Standardization – Business Processes • Business Processes (BP) • Funds Control • Currently in final OMB review • Payables Management • Currently in final OMB review • Receivables Management • Exposure Draft to be published in April 2008 • Reimbursables • Exposure draft developed FY 2008 • Reporting • Developed FY 2008

  14. Interface Standards

  15. Interface Standards • Coordinating with major processes • E-Travel • E-Payroll • Acquisition • Grants

  16. Document Library and Points of Contact • FSIO and FMLoB documents on the web site • www.fsio.gov • FSIO main number • 202.219.0526 • Dianne E. Copeland • FSIO DirectorGeneral Services AdministrationOffice: 202-219-0550    Fax: 202 219-0549 • E-Mail: dianne.copeland@gsa.gov

More Related