CSC's U.S. Army Logistics Modernization Program Achieves Compliance With Federal Financial Management Improvement Act.
EL SEGUNDO, Calif., Sept. 5 /PRNewswire/ -- Computer Sciences Corporation announced today that the U.S. Army's Logistics Modernization Program (LMP LMP left mentoposterior (position of fetus); last menstrual period.
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LMP Last menstrual period, see there ) has achieved compliance with the Federal Financial Management Improvement Act (FFMIA FFMIA Federal Financial Management Improvement Act ). The designation means that the LMP substantially meets federal financial systems requirements, applicable federal accounting standards and the U.S. Government Standard General Ledger General Ledger
A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.
The ledger uses two columns: one records debits, the other has offsetting credits. at the transaction level.
This compliance designation strengthens the viability of future LMP deployments. The Army's LMP is one of the world's largest enterprise resource planning See ERP.
(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. implementations and is completely modernizing the Army's supply chain management operations. CSC provides end-to-end application development and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for the LMP.
"FFMIA compliance illustrates the CSC-LMP team's commitment to implementing and maintaining sound financial management systems that achieve desired results while delivering IT-enabled business solutions," said Austin Yerks, president of CSC's Defense Division. "This designation lays a foundation for continued success moving forward."
For agencies to achieve FFMIA compliance, they must demonstrate that their solution fulfills hundreds of requirements against which they are being measured. The FFMIA guide to compliance, or Bluebook, contains approximately 6,500 potential requirements, making compliance challenging and time-consuming.
The CSC-LMP team began the attestation process in January 2006. Auditors from the Army Audit Agency assessed 757 requirements and commended the team's preparedness, thoroughness and management processes.
Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 87,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in ; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.9 billion for the 12 months ended March 30, 2007. For more information, visit the company's Web site at http://www.csc.com/.
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