Description
Auditors have identified the need to have a Construction In Progress Account for Operating Materials and Supplies. The U.S. Treasury has added GLAC 1516. This GLAC will permit those agencies that "construct" OM&S items, such as a missile which may take several years for the delivery to occur.
Recommended
Add new Asset Cd and GLAC to the CIP Project process and various DPAS Inquiries, CFO / Trial Balance reports. Coordinate change with financial systems to determine if they can accommodate the new Asset Cd. If they are not able to, identify the Asset Cd this account should be mapped to.
Mission Critical
This is a policy change that DPAS needs to implement as it has customers that construct OM&S material.
Benefits
No other known work around to identify OM&S in Construction.
Users
This change is limited to those customers that construct OM&S which requires it to be managed through CIP.
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