The Columbia Group

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Financial Management > Financial Improvement Plan

TCG has strong financial and system expertise provided in support of the Department of the Navy (DON) Financial Improvement Plan for the Bureau of Medicine. The Financial Improvement Plan is the process that the DON is utilizing to perform business process transformation and risk mitigation activities to allow the DON to produce timely, accurate, and reliable financial information and result in achieving an unqualified opinion on the DON Annual Financial Statements. TCG's prior financial experience is being utilized on this effort relating to the Department of Defense (DOD) Financial Management Regulations (FMR), Defense Federal Acquisition Regulations (DFARS), DOD/DON and DFAS policies and procedures, Query Management Facility (QMF) knowledge, Navy Accounting systems, DFAS payment systems, and DFAS Treasury registration processes.

TCG has the in-house capability to provide expert assistance in fulfilling DOD responsibility associated with the Chief Financial Officers Act of 1990, the Federal Financial Management Improvement Act (FMIA) of 1996, and Section 1008 of the National Defense Authorization Act for Fiscal Year 2002. The FMIA was enacted to build upon and complement the CFO Act of 1990.

Areas of Support *

  • Generate ad-hoc QMF queries
  • Review the Office of Management and Budget (OMB) circulars
  • Review Federal Accounting Standards Advisory Board (FASAB) statements, interpretations, technical bulletins, and technical releases
  • Review DoD Financial Management Regulations (FMR)
  • Comply with United States Standard General Ledger (USSGL)
  • Comply with the Department of the Treasury Financial Manual

* including but not limited to