Financial Management and Budget Standardization
Financial management and budget standardization (Standardization) includes standardizing business processes and data elements. It enables the government to communicate financial information in a consistent and reliable manner to support the efficient and effective management of government programs and the use of taxpayers' money.
To be effective, Standardization must be applied governmentwide. Therefore, government agency cooperation is necessary to achieve the benefits of Standardization.
The Bureau of the Fiscal Service (Fiscal Service) intends to work closely with government agencies to implement financial Standardization on a governmentwide basis.
Updated September 15, 2014