ACCOUNTABILITY AND MANAGEMENT OF DOD-OWNED EQUIPMENT AND OTHER ACCOUNTABLE PROPERTY
|Publication Date:||13 August 2002|
PURPOSE. This Instruction:
Implements reference (a) to integrate the broad requirements of the Federal Property and Administrative Services Act of 1949, as amended (Act of 30 June 1949, 63 Stat. 372), and the Chief Financial Officers (CFO) Act of 1990 (references (b) and (c), respectively), into an overarching property accountability policy. See enclosure 3.
Provides a comprehensive framework for DoD property accountability policies, procedures, and practices; assists DoD property managers, accounting and financial officers, and other officials in understanding their roles and responsibilities relating to property accountability.
Complements the accounting and financial reporting requirements contained in DoD 7000.14-R (reference (d)).
APPLICABILITY AND SCOPE. This Instruction:
Applies to the Office of the Secretary of Defense, the Military Departments, the Chairman of the Joint Chiefs of Staff, the Combatant Commands, the Office of the Inspector General of the Department of Defense, the Defense Agencies, the DoD Field Activities, and all other organizational entities within the Department of Defense (hereafter referred to collectively as "the DoD Components"). This Instruction does not apply to contractors operating under the Federal Acquisition Regulation (reference (e)).
Establishes accountability policy for property, plant, and equipment (PP&E); contains concepts useful for asset management throughout the Department of Defense, particularly for property in the possession of individual military units and end-users. This Instruction excludes property and materiel for which accountability and inventory control requirements are prescribed in DoD 4140.1-R and DoD 4000.25-2-M (references (f) and (g), respectively).
Provides in an enterprise context, a degree of uniformity in the identification, classification, and reporting of DoD property.
Facilitates communication across disparate business areas; promotes successful systems' interfaces through the use of standardized terminology, policies, and procedures.
Encourages and promotes the use of best practices for property accountability.
Ensures functional consistency through use of property accountability principles.