Summary

The Energy Research and Development Administration's (ERDA) accounting system for accounts receivable, including related billing and collection procedures, was reviewed at the Oak Ridge, Tennessee, field office. The review was limited to the accounting systems of the Oak Ridge Operations and its major contractor, Union Carbide Corporation, Nuclear Division.

The accounting, billing, and collection systems for accounts receivable were operating effectively in accordance with the accounting system approved by the Comptroller General in March 1975. Receivables were promptly and accurately recorded; internal regulations for billing and collecting accounts were effectively followed, and, as a result, losses from bad debts were minimal. Adequate interest charges were established and collected on overdue accounts.