Federal Financial Management Reform and The Chief Financial Officers Act |
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| Authors: | L. R. Jones Jerry L. McCaffery |
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| Affiliation: | Professors in the Department of Administrative Sciences at the Naval Postgraduate School. |
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| Abstract: | This study analyzes the development of financial management reform in the federal government. A series of reform initiatives culminated in passage of the Chief Financial Officers (CFO) Act that prescribes a wide spectrum of changes in federal accounting, budgeting, and financial reporting. The CFO Act may well be the most significant executive branch federal financial management reform since the adoption of the Budget and Accounting Act of 1921. |
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