DODD 7000.14-R VOL 4 CHAP 4

Abstract

<u>Purpose</u> <br>A. This chapter prescribes the accounting policy and related requirements necessary to establish financial control over DoD inventory, materials and supplies including stockpile materials. The chapter describes the applicable United States Government Standard General Ledger (USSGL) accounts as prescribed in Volume 1, Chapter 7, of this Regulation for use in accounting for inventory, operating materials and supplies, and stockpile materials. Posting transactions are in accordance with the SFIS transaction library at <strong><em><u>United States Standard General Ledger Standard Financial Information Structure (SFIS) Transaction Library</u></em></strong>. <br>B. Accounting requirements and procedures relating to Operating Materials and Supplies, Inventory, and Stockpile Materials addressed in this chapter are in accordance with the Statement of Federal Financial Accounting Standards <strong><em><u>SFFAS Number 3</u></em></strong>, "Accounting for Inventory and Related Property," and <strong><em><u>Interpretation 7</u></em></strong>, "Items Held for Remanufacture," as published by the Federal Accounting Standards Advisory Board. This chapter addresses the unique accounting and reporting requirements for these different types of inventories. The provisions of this chapter apply to all DoD activities, including the Defense Working Capital Fund (DWCF) activities, unless otherwise noted.