1. Purpose
This Order issues and transmits the CFO Manual, Volume 4, Accounting Policies and Procedures for the Federal Acquisition Service (FAS).
2. Background
This Manual establishes uniform accounting policies specific to activities of FAS that are executed through the Acquisition Services Fund (ASF) and provides guidance on procedures and operational requirements where appropriate. While it does not include every policy or procedure, this Manual is a useful supplement to other manuals and references, including Federal Accounting Standards Advisory Board (FASAB) pronouncements, Government Accountability Office (GAO) decisions, Office of Management and Budget (OMB) circulars, and United States Department of the Treasury (Treasury) Bureau of the Fiscal Service (Fiscal Service) regulations and guidelines, and various public laws (Pub. L.) pertaining to financial management within the Federal Government. To ensure consistent application by all FAS organizations, the Office of the Chief Financial Officer (OCFO) shall be contacted when clarification, technical guidance, implementation guidance, or other information is needed. Informal or formal requests addressed to FASAB for an interpretation, clarification, technical guidance, implementation guidance or other information shall be submitted through the OCFO.
Given the significant changes occurring in managing contracts and customer orders for telecommunications and wide-area network services, the associated accounting policies and procedures are excluded from this volume. With the phasing-in of the Enterprise Infrastructure Solutions contracts for service delivery, when complete, FAS will no longer have a central role in placing orders on behalf of customers and the related customer billing procedures for those services.
3. Scope and Applicability
The provisions of this manual apply to all organizations within FAS and entities supporting the accounting and financial reporting of FAS activities.
U.S. General Services Administration