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Financial Improvement Plans

The Columbia Group provides expertise in support of customers operating under the Department of the Navy (DON) Financial Improvement Plan. The Financial Improvement Plan is the process that DON uses to perform business process transformation and risk mitigation activities and that allows the DON to produce timely, accurate, and reliable financial information to achieve an unqualified opinion on the DON Annual Financial Statements. We apply our expertise in Department of Defense (DOD) Financial Management Regulations (FMR), Defense Federal Acquisition Regulations (DFARS), Office of Management and Budget (OMB) Circulars, Generally Accepted Accounting Principles (GAAP), DOD/DON and DFAS policies and procedures, Query Management Facility (QMF) knowledge, Navy Accounting systems, DFAS payment systems, and DFAS Treasury registration processes as part of these customer support efforts.

The Columbia Group also provides assistance in the review of Federal laws, regulations, policies and procedures. We have the ability to assist customers in fulfilling responsibilities 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.

Key areas of Financial Improvement Plan support The Columbia Group provides include: