# Presentation: 909587

## Governmentwide Accounting Modernization Update

**Governmentwide Accounting Modernization Update**
**Financial Management Service Annual Conference**
**August 5, 2008**

## Government-Wide Accounting Modernization Project

- Multi-year redesign of Federal Government Central Accounting process
- Affects every federal agency; over 1,700 reporting locations (domestic and foreign)
- Supports the President’s Management priorities

## Current Issues with Accounting Data processes

- Lack of Common Structures
- Lack of Common Understanding
- Lack of Consistent Reporting
- Redundant reporting and time-consuming reconciliations
- Timeliness and Accuracy

## GWA Modernization ProjectKey Goals and Vision

- Provide effective financial reporting and reconciliation processes
- Eliminate current redundant reporting
- Key basis: capture the fund symbol at the time of every payment and collection transaction
- Provide Standardized processes and data elements to manage FBWT

## Major Accomplishments

- Account Statement, the foundation to provide agencies real time FBWT
- Automated workflow processing of non=expenditure transactions – previously a manual paper process
- Ability to classify IPAC transactions– eliminating Statement of Differences and monthly transaction reporting for these transactions
- Finalized the Treasury Account Symbol (TAS) and Business Event Type Code (BETC) formats that comply with the Common Government-wide Accounting Classification (CGAC)
- Developed a Standard Data Registry that complies with CGAC, FMLOB, and Government-wide standards (www.fms.treas.gov/eda)

## Becoming a GWA Reporter

- Three Phase process
- Start up phase
- Initial discussions, date selection, contact info, etc
- Parallel phase
- Mandate TAS/BETC, data analysis, profile set-up, implementation date selection, etc.
- Reporting phase
- FMS reports transactions, elimination of SOD, etc.

##   Reduced end of month reporting
Use Partial 224!

  Improved reconciliation processing
Federal program agencies know the information to classify transactions at the point the transaction is initiated

 Most current Fund Balance With Treasury (FBWT) available
Provisional Account Statement

  Improved turnaround on processed data
Development is underway for GWA to provide GWA Reporters with Treasury Account Symbol/Business Event Type Code (TAS/BETC) information on the Account Statement and to have the data available immediately on the Account Statement

  GWAMP resources available to assist
As we roll out the GWA Reporting process to federal program agencies, the GWAMP team will have limited availability to work one on one with an agency as we currently do

**Use Partial 224!**
**  ****Improved reconciliation processing**
**Federal program agencies know the information to classify transactions at the point the transaction is initiated**
** ****Most current Fund Balance With Treasury (FBWT) available**
**Provisional Account Statement**
**  ****Improved turnaround on processed data**
**Development is underway for GWA to provide GWA Reporters with Treasury Account Symbol/Business Event Type Code (TAS/BETC) information on the Account Statement and to have the data available immediately on the Account Statement**
**  ****GWAMP resources available to assist**
**As we roll out the GWA Reporting process to federal program agencies, the GWAMP team will have limited availability to work one on one with an agency as we currently do**

**Benefits on Becoming a GWA Reporter?**

## GWA Reporters*

**Current IPAC GWA Reporters**
- 04000002 Government Printing Office (GPO)
- 20096500 Department of Treasury, Internal Revenue Service (IRS)
- 20091800 Department of Treasury, Internal Revenue Service (IRS)
- 20090004 Department of Treasury, Internal Revenue Service (IRS)
- 20180031 Department of Treasury, Financial Management Service (FMS)
- 20184904 Department of Treasury, Financial Management Service (FMS)
- 20552002 Department of Treasury, Bureau of Public Debt (BPD)
- 20550865 Department of Treasury, Bureau of Public Debt (BPD)
- 89000004 Department of Energy, Federal Energy Regulatory Commission (FERC)
- 11030001 Executive Office of the President
- 72000010 Agency for International Development (AID)
- 72000011 Agency for International Development (AID)
- 97000005 Defense Intelligence Agency (DIA)
- 95670000 Denali Commission
**Current TDO GWA Reporters**
- 15100445 Department of Justice, Bureau of Prisons
- 95670000 Denali Commission
- 20090004 Department of Treasury, Internal Revenue Service (IRS)
- 20184904 Department of Treasury, Financial Management Service (FMS)
- 12360000 Commodity Credit Corp.
** **
*** As of July 2008**

## Upcoming Agency Impacts

- Continued rollout of IPAC GWA Reporters
- Collections implementation
- Transition to Partial 224

## Guidance

- Establish Trading Partner Agreements between IPAC trading partners and ensure all necessary TAS/BETC information is included in the agreements.
- Review agency business processes to ensure they can capture the necessary accounting information at the beginning of the transaction.
- Incorporate TAS/BETC in financial system upgrades
- Minimize the use of clearing accounts.
- Waiver request

## Agency Implementation Timeline

- Implemented initial IPAC GWA Reporters

- Implemented TDO limited Payments GWA reporters
- Began to work to identify collection pilots
- Continued roll out of IPAC GWA Reporters
- Implemented ATM

- Begin working with Collection Pilot agencies
- Partial 224 Transition
- Continued IPAC GWA Reporter roll out

- Implement Collection Pilot agencies
- Implement a full GWA Reporter (Payments,collection, IPAC)

**Work to move additional Collection pilots to production**
**Implement GWA Initiated view**
**Begin TDO Payment ALC’s pilots**

- 2010

- 2011

- All FMS Systems enabled to Capture TAS/BETC

## Contact Information

- GWA Reporter implementation is now underway.
- Become a GWA Reporter early!
- Please visit our website _[www.fms.treas.gov](http://www.fms.treas.gov/)__ for GWA Reporting information including TAS/BETC information, a trading partner agreement template, and other pertinent information._
- If you are interested in becoming a GWA Reporter, please contact Mike Norman at 202-874-8788 or email _[michael.norman@fms.treas.gov](mailto:michael.norman@fms.treas.gov)__ or Luz Davila at 202-874-8599 or email Luz.davila@fms.treas.gov._