Writers' First Review Draft: (2V9F)
Term (2X46)
Financial systems (2X47)
Origin/Source for Inclusion of the Term (2X48)
OMB Circular No. A–11 (2005) Section 53—Information Technology And E-Government (2X49)
OMB Context Definition (2X4A)
Reference/URL OMB Context Definition (2X4B)
Business Definition (2X4C)
Reference/URL for Business Definition (2X4D)
Technical Definition (2X4E)
are comprised of one or more applications that are used for any of the following: Collecting, processing, maintaining, transmitting, and reporting data about financial events; Supporting financial planning or budgeting activities; Accumulating and reporting cost information; or Supporting the preparation of financial statements; A financial system supports the processes necessary to record the financial consequences of events that occur as a result of business activities. Such events include information related to the receipt of appropriations or resources; acquisition of goods or services; payment or collections; recognition of guarantees, benefits to be provided, or other potential liabilities or other reportable activities. (2X4F)
Reference/URL Technical Definition (2X4G)
Context Definition 1 (2X4H)
Reference/URL Context Definition 1 (2X4I)
Context Definition 2 (2X4J)
Reference/URL for Context Definition 2 (2X4K)
Context Definition 3 (2X4L)
Reference/URL for Context Definition 3 (2X4M)
See Also Related Terms (2X4N)