Financial Systems

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)