US Department of Commerce, Office of Management and Organization

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DOC Financial Processes/Cycles and Sub-Processes/Sub-Cycles

Budget Execution

  • Budget Authority
  • Apportionments
  • Obligations

Inventory

  • Master file maintenance
  • Receiving activities
  • Shipping activities
  • Valuation
  • Verification
  • Obsolete and inventory control

Purchasing

  • Vendor master file maintenance
  • Requisitions
  • Purchase orders
  • Invoice processing
  • Goods receipting
  • Cash disbursements
  • Accruals
  • Prepayments
  • Travel
  • Purchase Card transactions
  • Training

Revenues

  • Pricing and order processing
  • Customer master file maintenance
  • Reimbursable agreements
  • Refunds processing
  • Receipts processing
  • Accounts receivable
  • Billing
  • Revenue recognition
  • Payroll and Employee Benefits
  • Payroll and employee master file maintenance
  • Time and attendance
  • Payroll processing
  • Payroll Accruals
  • Pension and post-retirement benefits
  • NOAA Corp Retirement & Retiree Health Benefit Liabilities

PP&E Spending and Maintenance

  • Acquisitions
  • Depreciation & amortization
  • Disposals and Retirements
  • Leases and Leasehold Improvements
  • Construction-in-Process
  • Capitalization
  • Software (including internal use software)

Financial Reporting (including period-end reporting)

General ledger maintenance

  • Consolidation and adjusting, eliminating and consolidating entries
  • Footnote support and other supplementary reporting
  • Financial statement preparation
  • FACTS II preparation

Treasury Management

  • Treasury Reporting (224s, 6652s)
  • Cash Reconciliation

Risk Management

  • Environmental Liabilities
  • Commitments and contingencies

Information Systems

  • Information Technology Security (general controls environment and application controls environment)
  • IT Capital Planning and Investment Control

Grants Management

  • Award
  • ASAP
  • Monitoring
  • Advances
  • Accruals
  • Close-Out

Loans

  • Subsidy estimates
  • Obligations
  • Re-estimates
  • Fisheries Financing Program
  • Emergency Loan Guarantee Program