Accounting Policy Guidance for Implementing Temporary Early Retirement Authority (TERA) Procedures
The use of the Temporary Early Retirement Authority (TERA) was reinstated through December 31, 2018 by the National Defense Authorization Act for FY 2012, Public Law 112-81. The purpose of this guidance is to provide procedures for funding, accounting for, disbursing and reporting retirement payments for those chosen for early retirement under the provisions of TERA.
DoD Agency Financial Report/Performance and Accountability Report
The Department's Agency Financial Report (AFR)/Performance and Accountability Report (PAR) provides the President, Congress, Federal departments, and the American public with an overview of the Department's financial condition. This report is the annual centerpiece for reporting the Department's financial execution, plans, and accomplishments.
DoD Agency-Wide and Component Financial Statements
The Department of Defense Agency-wide, Service Departments, Military Retirement Fund, and Medicare-Eligible Health Care Fund quarterly and annual financial statements provide the President, Congress, Federal departments and the American public with an overview of the Department's financial condition at a component level. The report also includes the annual financial statements of Defense Agencies with unqualified audit opinions.
DoD Summary of Performance and Financial Information/Citizen's Report
The Summary of Performance and Financial Information, formerly the DoD Citizen's Report, summarizes the Department's financial and performance information from the Agency Financial Report (AFR) and the Annual Performance Report (APR), making the information more transparent and accessible to Congress, the public, and other key constituents.
DoD Managers' Internal Control Program
The DoD Managers' Internal Control Program website provides information relating to internal management controls and the internal management control awareness "Check It" campaign. This information includes internal management control guidance, annual statement of assurance, events, and awareness media products.
DoD Reimbursable Rates
Reimbursable rates provide guidance on the amounts that shall be recouped when DoD Components perform work or sell property within the Department of Defense, to other U.S. Government agencies and to private parties.
Financial Improvement and Audit Readiness
The FIAR Plan is the Department's roadmap for improving the overall state of financial management in DoD. Produced semi-annually, the FIAR Plan reports accomplishments and progress; sets the strategy for achieving audit readiness; and consolidates the financial improvement plans of various DoD entities.
Foreign Currency Fluctuation Report
The Foreign Currency Fluctuation Report provides current and historical exchange rates for the execution of overseas programs funded by Operations & Maintenance, Defense Health Program, Military Personnel, Military Construction, and Family Housing appropriations. The exchange rates are updated each month.
Government-Wide Improper Payment Reporting
Executive Order 13520, "Reducing Improper Payment and Eliminating Waste in Federal Programs", requires all CFO Act agencies to report quarterly on high dollar improper payments to individuals and entities (commercial payments). The legal definition of a high dollar improper payment is $5,000 and 50% more than the correct amount to an individual, or $25,000 and 50% more than the correct amount to an entity.