The Governmentwide Accounting and Reporting Modernization (GWA) Project addresses the central accounting and reporting functions and processes associated with budget execution, accountability, and cash/other asset management. This includes the collection and dissemination of financial management and accounting information from and to federal program agencies. It also includes the business processes in FMS that are related to ledger accounting for each appropriation, fund, and receipt account's Fund Balance with Treasury, General Ledger accounting for the cash and monetary assets of the government, and the preparation of the Monthly Treasury Statement and the U.S. Government Combined Statement and Appendix. In addition, GWA will improve information timeliness and accuracy to support improved financial analysis and decision-making.
Partial FMS 224 Update:
All Partial FMS 224 (P224) users please note that 4th Quarter CY 2010 P224 will have a new name, a new look, enhancements, and some changes!
We will provide multiple opportunities to get you acquainted with the changes through:
Upcoming Conferences
On-line Tutorial
Hands-on Training which will be provided between July 2010 and September 2010 in Dallas, Denver, Kansas City and Hyattsville. Registration will be available soon!
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