DODD 7000.14-R VOL 6A CHAP 2

Abstract

These policies apply to all DoD Components, including those entities whose departmental, intermediate, and installation level financial reports are prepared by DFAS, DoD Components and organizations operating Enterprise Resource Planning (ERP) systems under an approved Memorandum of Understanding with DFAS, certain DoD Components which prepare their own financial reports (e.g., the Army Corps of Engineers), and certain organizations required by security considerations to perform their own accounting. In those instances in which DFAS does not have financial report-preparation responsibility, the reporting entity shall fulfill the responsibilities assigned in this chapter at both the DFAS and DoD Component level. This chapter does not include the requirements for the audited or interim financial statements addressed within<em><u>Office of Management and Budget (OMB) Circular A-136</u></em> and in Volume 6B of this Regulation. At the point ERP systems demonstrate full functionality in the target-environment, assigned roles and responsibilities described in this chapter may be reassigned by the appropriate DoD authority. <br>Purpose <br>This chapter defines the roles and responsibilities in the preparation and issuance of financial reports for Department of Defense (DoD) Components. DoD Components and the Defense Finance and Accounting Service (DFAS) are responsible for the proper and consistent preparation of financial reports at the DoD Component departmental, intermediate, and installation level. In some instances, DoD Components prepare their own financial reports without accounting support from DFAS. Ultimately, each DoD Component is responsible for the accuracy and completeness of financial information in the reports which present the financial effects of its operations.