Presentation on theme: "Common Government-wide Accounting Classification Structure (CGAC) ARC Services Conference June 9 th, 2010 Nathan Bumgarner and Shirley Kraft."— Presentation transcript:
Common Government-wide Accounting Classification Structure (CGAC) ARC Services Conference June 9 th, 2010 Nathan Bumgarner and Shirley Kraft
What is CGAC? Establishes a standard uniform structure and set of definitions for classifying the financial effects of agency business operations. The CGAC structure increases standardization by: Identifying 60+ data elements used for accounting classification. Establishing standard names, definitions, formats, and business rules to be used government wide.
Why CGAC? Data Normalization –One Fact, One Place (and one shared meaning) Interoperability of systems Ability to create shared interfaces Easily eliminate intergovernmental transactions and report on the cumulative results of the US Government
History The Financial Systems Integration Office (FSIO) published Version 1.0 of CGAC in July, 2007. OMB is currently leading the effort to develop and implement Version 2.0 of CGAC.
Current Activities OMB is implementing compliant three digit agency identifiers, three digit department codes, and two digit bureau codes. FMS is transitioning systems to accept an extended component based CGAC TAS. Treasury is working to implement a six digit USSGL. GTAS will be compliant with the six digit USSGL in FY2013.
Future Changes ARC has participated in the CGAC user group meetings hosted by OMB to provide feedback on the impacts of implementing CGAC with various COTS systems. Various changes have been requested by agencies for consideration in CGAC 2.0. A workgroup is currently in place at the departmental level.
What is the Impact at ARC? ARC has conducted a gap analysis to compare/contrast our current eleven segment Accounting Flex Field (AFF) and system parameter values to the 60+ element CGAC structure. ARC will pursue CGAC compliance as the requirements become stable and system infrastructure investment levels allow.
Thanks for your Interest Detailed questions/concerns with CGAC implementation will be addressed as ARC implements system enhancements, so be prepared to share your requirements with us as we continue on this journey.