Is DEAMS capable of handling cost allocation distribution as done by the Air Force Laboratories?
DEAMS will be able to handle the cost allocation distribution needs of the Air Force Laboratories as it will have the capability to accommodate several types of costing methodologies in its Project Accounting module when fully implemented. The methods include: Job Order Costing, Activity Based Costing, Process Costing, and Standard Costing. • How will DEAMS reporting change from what the legacy systems are capable of producing today with CRIS. When will prototypes be available? Financial information will be available in an Air Force financial data warehouse (currently CRIS). However, DEAMS financial management information will be captured using the Standard Financial Information Structure (SFIS) to produce both standard and ad-hoc reports. The SFIS is an enterprise-wide data structure that supports the Department’s budget, cost/performance management, financial accounting, and external reporting needs through standard business processes, a common business language, a common set of gene
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