Chief Financial Officer Manual Volume 1

Note: for GSA’s current capitalization threshold for purchases of equipment and related personal property assets, please see CFO IL-24-02.

1.  Purpose

This Order issues and transmits the revised Chief Financial Officer Manual, Volume 1, Overview of GSA Financial Management Process.

2. Background

This manual establishes uniform accounting policies for the General Services Administration (GSA) 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 throughout GSA, 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.