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DOCUMENT VESURE
02476 - (A1812844]
(Energy Research and Development Administration's Accounting
System for Accounts Receivablel. FGHSD-77-25; B-159687. June 22,
1977. 4 pp.
Report to Robert W. Fri, Acting Aduinistrator, Energy Research
and Dev*lopment Administration; by D. L. Scantlebury, Director,
Financial and General Management Studies Div.
Issue Area: .rergy: Energy Research and Development (16051;
Accounting and Financial Reporting (2800).
Contact: Financial and General management Studies Div.
Budget Function: Natural Resources, Environment, and Energy:
Energy (305) ; Interest: Other Iiterest (90 .) ; Miscellaneous:
Finan'ial Management and Inforiation Systemts (1002).
Authority: Federal Claims Collection Act.
The Energy Research and Development Administration's
(ERDA) accolinting system for accounts receivable, including
related billing and collection procedures, was reviewed at the
Oak Ridge, Tennessee, field office, The review was limited to
the accounting systems of the Oak Ridge Operations and its major
contractor, Union Carbide Corporation, Nuclear Division.
Findings/Conclusions: The accounting, billing, and collection
systems for accounts receivable -ero operating effectively in
accordance with the accounting system approved by the
Comptroller General in March 1975. ceivables were promptly ani
accurately recorded; internal regulati.-ns for billing and
collecting accounts were effectively followed, and, as a result,
losses from bad debts were minimal. Adequate interest charges
were established and collected on overdue accounts. (? uthor/DJM)](ViewImageLocal?handle=hein.gao/gaobaaciy0001&div=1&collection=&method=preview&ext=.png&size=3)