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Single, Integrated Financial Management System
Single, Integrated Financial Management System
A unified set of Financial Systems and the financial portions of Mixed Systems encompassing the software, hardware, personnel, processes (manual and automated), procedures, controls, and data necessary to carry out financial management functions, manage financial operations of the agency, and report on the agency's financial status to central agencies, Congress, and the public. Unified means that the systems are planned for and managed together, operated in an integrated fashion, and linked together electronically in an efficient and effective manner to provide agency-wide financial system support necessary to carry out the agency's mission and support the agency's financial management needs. (JFMIP Framework) HUDCAPS Core Financial System Standard Accounting Interface, dated 9/30/97
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