Book Description
The Foreign Military Sales (FMS) Customer Financial Management Handbook (Billing) is intended to provide an explanation of the financial aspects of the U.S. foreign military sales program, with emphasis on Foreign Military Sales billing and reporting. This publication describes "how" the Foreign Military Sales financial system works and, in many instances, delineates "why" this financial system is designed to function as it does. While the U.S. Department of Defense (DoD) is always receptive to suggestions to improve Foreign Military Sales financial procedures, readers of this publication should observe that many such procedures are followed because of legal requirements contained in U.S. Public Law. As a result, DoD very often has little flexibility in the financial administration of the Foreign Military Sales Program. This publication does not take precedence over officially published U.S. government directives, instructions, or manuals and is intended as a guide only. Additionally, this publication goes to press in a time of dynamic changes in the security assistance arena. Some changes may even occur while this handbook is being printed.
