CFO Threshold Change



  • Title
    CFO Threshold Change
  • SCR Number
    01714
  • DPAS Module
    PA
  • Reporting Organization
    USAF
  • State
    New
  • History
    29 Jul 2021
  • Description
    Description:
     
    System is depreciating Air Force CFO assets utilizing the old threshold standard for units with an acquisition cost of $100K or more with an acquisition date prior to November 2013
     
    Recommended:
     
    Modify systems internal algorithm to comply with $1M threshold retroactively as mandated by DoD 7000.14 Vol 4 Ch 25.
     
    Mission Critical:
     
    Mandated per DoD 7000.14-R Vol 4 Ch 25.
     
    Benefits:
     
    Needed to avert erroneous financial reporting
     
    Users:
     
    This change will affect all users within the Department of the Air Force (DAF)

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