Accounting Services

Washington Research & Consulting Services 's accounting services assist government organizations to: meet Federal accounting and financial management requirements; improve internal accounting processes and systems; increase the timeliness, reliability, and effectiveness of accounting information; and meet important annual reporting deadlines. Our accounting services are focused to achieve successful implementation of and compliance with Federal legislation, accounting standards, and financial improvement initiatives highlighted below.

Washington Research & Consulting Services 's financial management and accounting professionals have assisted Federal agencies with a wide range of accounting tasks and initiatives, to include:

• Integrating new accounting standards into existing accounting and financial management processes and systems.
• Improving in-house capabilities related to the Government SGL, ledger posting procedures, and trial balance systems.
• Standardizing accounting classification structures and expanding the use of object class codes for streamlined agency reporting.
• Designing and implementing effective transaction analysis and reconciliation techniques.
• Establishing processes and models for agency wide implementation of Activity-Based Costing (ABC) and cost recovery initiatives.
• Conducting cost-benefit analysis of consolidation vs. outsourcing options for agency accounting operations.
• Developing, implementing, and testing improved internal data management and control procedures.
  • Chief Financial Officers (CFO) Act
  • Government Management Reform Act (GMRA)
  • Federal Financial Management Improvement Act (FFMIA)
  • Federal Credit Reform Act (FCRA)
  • Federal Accounting Standards Advisory Board (FASAB) Standards and Concepts
  • OMB Bulletins and Circulars, including 01-09 Form and Content,
    A-127, A-134
  • Federal Managers Financial Integrity Act (FMFIA)
  • Joint Financial Management Improvement Program (JFMIP) (Central Agency Guidance)
  • Government Standard General Ledger (SGL)
  • Managerial Cost Accounting
  • Activity-Based Costing (ABC)

Examples of Accounting Services

Transaction analysis, transaction processing, data analysis and summarization, technical assistance in devising new or revised accounting policies and procedures, classifying accounting transactions, performing special studies to improve accounting operations, resolve accounting issues, resolve and implement audit findings, recovery reviews, assess or enhance accounting internal controls, improve operating efficiency and effectiveness, apply information technology to provide better or more timely service.