Financial Management

Reporting Services

Getting Online Access to External & Internal Reporting

We provide a range of external and internal reporting services to federal agencies. Customers get online access to these reports, and to make the reporting even more seamless, we provide you with an accountant liaison. And, as part of the Department of the Treasury, Bureau of the Fiscal Service, we remain current on changing policy and reporting requirements, to ensure our customers comply with all federal financial reporting.

ARC External Reporting Services

We offer professional Standard General Ledger (SGL) reporting services for the preparation of federal financial reports. This includes preparing all monthly, quarterly, annual and other ad hoc reports to satisfy agency reporting requirements.

The external reporting-related work we complete includes:

• Government-wide Treasury Account Symbol (GTAS) Adjusted Trial Balance
• Treasury Information Executive Repository (TIER)
• USASpending.gov accuracy rate and reconciliation
• Financial statements and variance analysis, including footnotes
• Statement of Budgetary Resources to SF133 Reconciliation
• Account reconciliations to ensure data integrity
• Government-wide Financial Report System (GFRS)
• Digital Accountability and Transparency Act (DATA) of 2014

ARC Internal Reporting Services

We also help federal agencies with the following internal reporting services:

• Custom agency-specific reporting using Oracle® OBI
• Report-writing services and user training support
• Multiple formats of reports and exported data
• Financial management advice

Expert Standard General Ledger Reporting

We record proprietary and budgetary accounting entries in the accounting system using United States Standard General Ledger (USSGL) attributes at the transaction level, and we do this through a combination of transaction code, system setup, and data entry in the accounting system. To ensure USSGL accuracy, ARC performs the following:

• Validating agency defined accounting flexfield values and cross validation rules to be setup in Oracle
• Review and comment on proposed guidance from annual Federal Accounting Standards Advisory Board (FASAB) and Treasury Financial Manual (TFM) meetings.
• Update Oracle USSGL structure based on changes to the TFM
• Provide advice and assistance determining USSGL posting logic for transactions

Performance Indicators:

• Reporting and maintenance tasks completed by established due dates
• Unqualified audit opinions for items under ARC control and responsibility