FIAR
Budgetary Information and Mission Critical Information
What are the priorities of FIAR?
Identifies why the money is being spent
What is the Budget Activity Code (BAC)?
Formulation, Review and Enactment, Execution
What are the phases of the Federal Budget System
Foundation of the Purpose Statute
What is Necessary Expense Rule?
Federal accounting standards and financial reporting procedures to fulfill governments duty to be accountable for public funds
What is FASAB?
Improve DoD financial management and improve stewardship of resources
What is the goal of FIAR?
An accounting structure with a sales code
What is an appropriation reimbursement?
Planning, Programming, Budgeting, and Execution
What are the phases of the DoD budget system
Logical relationship, Not prohibited by law, Not funded for elsewhere
What is the necessary expense rule?
Loans, payroll, utilities, purchase of goods or services
What are Liabilities?
Audit readiness, audit/validation, financial systems
What are the AF FIAR resources?
Drives the SFIS line of accounting
What is the PTEO (Project Task Expenditure Organization)?
Phase that includes development of policies and objectives
What is Formulation?
Allows government agencies to purchase items that are not needed immediately
What is stock level exception?
Recording of transactions pertaining to purchase of goods and services made by the AF
What is disbursement accounting?
Establishing and maintaining strong processes, internal controls, supporting documentation
What are the 3 primary focus areas of FIAR?
Used to finance a project that the AF and Army are doing together
What are management funds? (3900-3999)
AF matches their available resources with DPPG requirements
What is the Programming Phase?
Gives authority to make a purchase
What is an authorization bill?
Concerned with legal requirements to manage the budget received from Congress
What is Budgetary Accounting?
Includes several end-to-end processes that are separated into assessable units that must be audit ready
What is Wave 2 (Statement of Budgetary Review)?
Accounting and Disbursing Station Number (ADSN)
What is the Agency Identifier?
identifies resources needed to fund major mission and support programs to meet defense goals
What is the DPPG?
Governed by Anti-Deficiency Act
What is the amount statute?
Also called Accrual Accounting
What is Proprietary Accounting