PROPOSED REVISION NO. 6 OF THE CHART AND DESCRIPTION OF ACCOUNTS, FINANCE DIVISION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79-00065A000100070009-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: March 6, 2001
• Sequence Number: 9
• Publication Date: December 3, 1957
• Content Type: MEMO

STANDARD PORM NO. 64 ~' ~~~~
To Technical Accounting Staff
v~cce lvle~no~~na~~n ? UNITED STATES GOVERNM,.~NT
~nnrn~iPrl Fnr Race ~M'I/A~ .I~_RI~P7A_(R~nn~ ~(~~~~~
FROM Chief, Finance Division
~O;?r Pi~.~_~~_~ ~I~. tyt~. lai4
SUBJECT: Proposed. Revision No. 6 of the Chart and Description of Accounts,
Finance Division
1. Gur comments and. suggestions regarding the proposed Revision No, 6 of the
Chart and. Description of Accounts, Finance Division, are as follows:
25X1A9a
of "carrvin~ value'.
suggested that th.e words "based. on the cost" be deleted. from the definition
a, Accounts numbered. 170.1 through 170.7, 171.1 through 171.7, 172.1
through 172.7, 173, 175.1 through 175.7, and. 320. The first sentence in
each of these accounts describes what the account represents and defines
'ECarrying value". It is suggested. that one sentence describe what the
account represents and another sentence define "carrying value"; and it is
b. Account numbers 172.1 through 172.7. With respect to credit (b),
current procedures provide that when property on loan to others is sold.,
the carrying value of the property is returned. to "On Hand" a_nd then recorded.
with a 6-6 transaction code as "property sold". It is suggested. that
current procedures be modified to conform with this revision or that credit
(b) be changed, to conform with current procedures. In this connection,
debit (a) to account number 622 states that the contra entry will be to the
applicable 170 decimal account.
c. Account nw-aber 173. Current Headquarters procedure does not
provide a transaction code which will result in a debit to account number
173 and a credit to account number 320 with the carrying value of property
on loan from otr~ers. Such transactions are currently recorded. with trans-
25X1A9a action code 3-7 which results in a debit to the applicable 170 decimal
account and. a credit to account number 320. It is suggested that Headquarters
x~rocedures be modified to provide that transaction code 3-7 will result in
a debit to account number 173 with contra to account number 320./
25X1A9a d, Accounts numbers 175.8 and. 175.9. It is suggested. that a new
sentence be added to the description of each account to define "carrying
valuer.
.~ t
sentence of the description of the account.
footnote to this account be mare clearly stated.; also, that the word.'rpar'r
be substituted, for the words "maturity redemption" as used in the second
5.~~~,r~; e. Account number 185. It is requested. that the substance of the
DATE: 3 December 1957
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25X1A9a
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value'" be deleted. and, the word "cost"" be substituted., therefor, as under
current procedures this account is debited and credited with the cost of
property purchased for cash by Class Afield installations following FPA
procedures. Entries are made to this account from ~chedule