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Financial Management and Accounting Solutions

KGS provides comprehensive solutions support for Financial Management & Accounting to assist federal agencies in improving their financial posture, achieving audit readiness, and gaining confidence in their financial data by:

  • Establishing sound practices to effectively implement Planning, Programming, Budgeting and Execution policies;
  • Preparation of budget exhibits and improved support for budget execution analysis;
  • Preparing and analyzing financial statements with a focus on improving content to increase agency scores;
  • Documenting the processes, improving the effectiveness of operations and the reliability of data in accounts payable; accounts receivable; property, plant and equipment (PP&E); inventory; and other accounts;
  • Development and deployment of cost accounting tools to improve management information and organizational program effectiveness and efficiency;
  • Evaluating, and improving financial processes and internal controls to support audit preparation, audit remediation, and assertion package compilation; and
  • Complying with OMB Circular A-123, Appendix A requirements, and developing corrective action plans, as needed, to implement internal controls to ensure financial statement representations are real, complete and accurate, properly valued and properly reported.

Representative Finance and Accounting Support:

DoD, Defense Threat Reduction Agency

  • Development of the Program Budget Review Module for the Agency
  • Development of manpower tools
  • Development of other agency budget and reconciliation tools
  • Support early strategy sessions to streamline acquisitions
  • Implement CFO Act Requirements / Audit Readiness
  • Assess / Mitigate Compliance Risks
  • Achieved FY '08 "Green" A-123 BSC Score
  • Prepare Entity Financial Statements
  • Analyze Financial Systems Integration & Data
  • Implement Accounting Improvements
  • Achieved Five Unqualified (clean) Audit Opinions
  • Implemented contract reconciliation functions

DoD, Defense Logistics Agency

  • Implement CFO Act Requirements
  • Assess / Mitigate Compliance Risks
  • Analyze Entity Financial Statements
  • Reconcile Account Balances / Transactions
  • Implement Accounting Improvements
  • Provide Inventory / Property Accounting Support
  • Prepare Agency for CFO Audit
  • Assess and improve internal controls over financial reporting

DoD, TRICARE Management Activity

  • Implement CFO Act Requirements / Audit Readiness
  • Provide A-123 Support for Entity
  • Assess / Mitigate Compliance Risks
  • Prepare Entity Financial Statements
  • Enhance Financial Operating Procedures
  • Reconcile Account Balances / Transactions
  • Compile Evidential Matter / Proof of Concept

Department of Homeland Security, Customs and Border Protection

  • Develop Remediation Strategy for Audit Findings and Recommendations
  • Develop and Manage Audit Database including A-50 Required Audit Follow-up and Compliance
  • Budget Formulation and Execution
  • Develop OMB A-11 Exhibit 300 Capital Asset Plan and Business Case Summaries for Capital Investments

DoD, Defense Advanced Research Projects Agency

  • Provide Comptroller Office Support
  • Implement New Integrated Financial Systems Integration Office (FSIO), formerly JFMIP System
  • Reconcile Account Balances / Transactions
  • Implement Accounting Improvements
  • Provide Financial Reporting Support

DHS, U.S. Coast Guard

  • Developed Property, Plant & Equipment, Accounts Payable, Accounts Receivable, Construction in Progress, General Ledger Accounting, and Undelivered Orders policies
  • Property Valuation
  • Provide Account Analysis
  • Assess / Mitigate Transaction Risks
  • Analyze Financial Systems Data
  • Remediate Audit Weaknesses and Recommend Accounting Improvements

Architect of the Capitol

  • Implement CFO Act Requirements / Audit Readiness
  • Developed and implemented cost accounting system
  • Manage cost elements and reporting
  • Prepare Entity Financial Statements
  • Assess / Mitigate Compliance Risks
  • Integrate New FSIO Financial System
  • Reconcile Account Balances / Transactions
  • Implement Accounting Improvements
  • Provide Property / Inventory Accounting
  • Achieved Unqualified Audit Opinion

DoD, Chemical and Biological Defense Program

  • Implement CFO Act Requirements / Audit Readiness
  • Provide OMB A-123 Support
  • Assess/Mitigate Compliance Risks
  • Prepare Entity Financial Statements
  • Enhance Financial Operating Procedures
  • Achieved Unqualified Audit Opinion

U.S. International Trade Commission

  • Implement CFO Act Requirements
  • Assess / Mitigate Compliance Risks
  • Prepare Entity Financial Statements
  • Reconcile Account Balances / Transactions
  • Implement Accounting Improvements
  • Achieved Unqualified Audit Opinion
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