Premium
Federal Financial Management Control Systems: An Integrative Framework
Author(s) -
Hildreth W. Bartley
Publication year - 1993
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.00967
Subject(s) - accounting management , control (management) , business , financial management , order (exchange) , government (linguistics) , accounting , finance , cash , accounting information system , management control system , economics , management , linguistics , philosophy
The increasingly large and complex web of federal government finances seems to require ever more comprehensive and consistent financial management control systems to achieve managerial responsibility. This article identifies a framework for promoting integrated accounting, budgeting, and financial reporting in order to achieve the goal of providing relevant information to management and policy leaders. The article identifies four central areas in which endeavors to develop effective financial management control systems should concentrate: accounting for funds; assessing the cost of operations; managing cash; and collecting money due the government.