Financial Operations (J8C)
Financial Operations (J8C) has a professional staff that:
- Provides quality financial information and guidance on time to DLA Land and Maritime, Defense Supply Center Columbus and DLA Headquarters decision makers
- Ensures associates and contractors are paid on time
- Ensures financial records are auditable
Financial and Accounting Analysis
The Financial and Accounting Analysis (F&AA) Division consists of two branches, the Reports Branch and the Analysis Branch. The F&AA Division works closely with the J8 Accounting Cycle Offices (ACOs), J85, other MSC F&AA Divisions and the Defense Finance and Accounting Service (DFAS) on accounting related matters.
The Reports Branch prepares regular reports tracking the execution of the Land & Maritime Supply Chains. The branch also performs reviews on integrity and accuracy of data contained within the trial balance and financial statements. This analysis is included in monthly management reviews (MMR) and also during the quarterly variance analysis for inclusion in the financial statement footnotes. In addition, the Reports Branch performs financial data processing, which includes posting necessary journal vouchers on a monthly basis, check processing and convenience checks.
The Analysis Branch focuses on the automation of accounting/financial processes and finding the best way to get end users the data and reports they need to do their job. The branch also performs reviews on integrity and accuracy of data contained within the trial balance and financial statements. This analysis is included in monthly management reviews (MMR) and also during the quarterly variance analysis for inclusion in the financial statement footnotes. In addition, the Analysis Branch supports the Land and Maritime Supply Chain decision making processes with detailed analysis on accounting/financial data.
Budget Resource Management Division: Material and Operations Branches
The Budget Resource Management Division Material and Operations branches with their professional business analysts perform key supply/demand chain missions. First, they are responsible for bottom-up development of DLA Land & Maritime supply chain budget detail and exhibits; formulating the operations and materiel budgets, managing budget execution, and providing status reports. Second, to ensure formulation and execution remain within defined parameters, these professionals perform continuous reviews, monitor and understand changing customer requirements, and update forecasts. Third, the pricing functions performed by the business analysts directly touch DLA customers through administration of the standard pricing program. In performing these missions, the budget branch must safeguard limited Center personnel and financial resources to ensure optimal DLA Land and Maritime contribution to supporting our military services customers.
Business Analysis and Integration
The Business Analysis and Integration (BA&I) branch consists of two branches, Process Management and Process Health Branches. These branches work closely with the other J8C Divisions as well as J6, J88, and other Audit Sustainment groups.
Process Management is primarily focused on identifying and assessing process-level risk, identifying applicable compliance requirements, developing processes and controls, aiding in remediation, and monitoring the process on a granular level.
Process Health guides and consults with Process Management teams to achieve enterprise capabilities for risk assessment, process and control development, continuous monitoring, and control assessment. They evaluate the effectiveness of processes and controls and determine gaps in existing processes.