FMO Division Overview
The Finance and Accounting Systems Division (FMO-1) is responsible, along with other FMO teams, for key elements of the DON Business Transformation in support of producing auditable financial statements, including DOD Business Enterprise Architecture, Navy ERP, Functional Area Manager Process, and the DON Financial Improvement Initiative.
The Accounting and Financial Practices and Reporting Division (FMO-2) is responsible for a number of areas including the Annual Financial Reports, information gathered from the Data Collection Module (DCM), the Office of the Under Secretary of Defense (Comptroller) reports, and financial metrics. The Accounting and Financial Practices and Reporting Division is also the manager of the Business Process Standardization (BPS) program.
The Financial Services Division (FMO-3) is responsible for the oversight and management of electronic commerce initiatives, the Department's use of commercial charge cards for travel and small purchases, civilian and military pay matters, and the Department's relationship with banks and credit unions that operate our installations throughout the world, travel and disbursing policy.
The Assurance and Risk Management Division (FMO-4) is responsible for the audit readiness initiatives including Internal Controls Over Financial Reporting (ICOFR), as well as the Manager's Internal Control (MIC) Program (focuses on non-financial controls). In addition, the Assurance and Risk Management team is also the sponsor for the Department of the Navy Financial Improvement Program (DON FIP), a multiyear Department-wide effort to strengthen and transform Navy-Marine Corps business processes and systems to better serve worldwide operations.
The Business Operations Division (FMO-C) is comprised of five positions, which are responsible for systems/web, IT, and contracts.
The DFAS Site Support Division (FMO-D) serves as a direct representative and subject matter expert (SME) between FMO, the DON major Commands, and DFAS.