12 2 STA T .30 2 PUBLIC LA W 110 – 1 8 1 —J A N .28 , 2008 (1)Toelim i nat eo r re p la c e f inancial mana g ement sy stems oft h e D efense A gencies that are du plicati v e , redundant, or fail to comply w ith the standards set forth in su b section (d) . ( 2 ) To transform the budget, finance, and accounting oper - ations of the Defense Agencies to enable the Defense Agencies to achieve accurate and reliable financial information needed to support financial accountability and effective and efficient management decisions. (c) REQUIR E DEL E M E NTS . — The I nitiative shall include, to the ma x imum extent practicable— (1) the utili z ation of commercial, off-the-shelf technologies and web-based solutions
(2) a standardized technical environment and an open and accessible architecture; and ( 3 ) the implementation of common business processes, shared services, and common data structures. (d) S T A NDARDS.—In carrying out the Initiative, the Director of the B usiness Transformation Agency shall ensure that the Initia- tive is consistent with— (1) the re q uirements of the Business Enterprise Architec- ture and Transition P lan developed pursuant to section 2222 of title 1 0 , U nited States C ode; (2) the Standard F inancial Information Structure of the Department of Defense; (3) the Federal Financial M anagement Improvement Act of1 9 9 6 (and the amendments made by that Act); and ( 4 ) other applicable requirements of law and regulation. (e) S COP E.—The Initiative shall be designed to provide, at a minimum, capabilities in the ma j or process areas for both general fund and wor k ing capital fund operations of the Defense Agencies as follows
(1) Budget formulation. (2) Budget to report, including general ledger and trial balance. (3) Procure to pay, including commitments, obligations, and accounts payable. (4) O rder to fulfill, including billing and accounts receiv- able. ( 5 ) Cost accounting. (6) Acquire to retire (account management). ( 7 ) Time and attendance and employee entitlement. ( 8 ) G rants financial management. (f) CONSULTATION.—In carrying out subsections (d) and (e), the Director of the Business Transformation Agency shall consult with the Comptroller of the Department of Defense to ensure that any financial management systems developed for the Defense Agen- cies, and any changes to the budget, finance, and accounting oper- ations of the Defense Agencies, are consistent with the financial standards and requirements of the Department of Defense. (g) PRO G RAM CONTROL.—In carrying out the Initiative, the Director of the Business Transformation Agency shall establish— (1) a board (to be known as the ‘ ‘Configuration Control Board ’ ’) to manage scope and cost changes to the Initiative; and (2) a program management office (to be known as the ‘‘Program Management Office’’) to control and enforce assump- tions made in the acquisition plan, the cost estimate, and Establi s hmen t .
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