This workshop will focus on the Department of the Navy's approach in addressing Treasury's G-Invoicing mandate. With deadlines approaching quickly and the tone at the top calling for reform, the Navy's created a viable solution that fixed its problems and cleared up a material weakness for the entire federal government.
Gain an understanding of the approach the Department of the Navy and the U.S. Coast Guard took to support the G-Invoicing transitional mandate by Treasury and remediate an ongoing challenge for the entire federal government.
Gain insight into current IPAC system rules that permit federal agencies to pull funds without proper invoicing, receipt and acceptance, resulting in an inability to properly account for, reconcile, and eliminate intragovernmental transactions and balances.
Explore ways the rules impact the accuracy of the Navy's financial statements, the department's auditability, and its capability to drive strategic budgetary decisions.
Dept. of Navy Fin. Mgmt Operations OASN (FM&C)