Posted by: Margaret Rouse
finance, government 2.0
|“NASA’s Performance and Accountability Report (PAR), is a detailed, annual retrospective of the Agency’s performance toward achieving its annual goals and long-term objectives for its programs, management, and budget. The Office of the Chief Financial Officer produces the PAR in collaboration with program and support offices throughout NASA. While the PAR was created to meet government reporting requirements (including the Government Performance and Results Act, the Chief Financial Officers Act of 1990, and the Federal Financial Management Improvement Act of 1996), it is also a showcase for NASA’s achievements and is written as a public outreach document.” — Office of the Chief Financial Officer|
Today’s WhatIs.com Word of the Day is PAR, which stands for performance and accountability reporting. In the United States, PARs provide financial and performance information that enables the President, the Congress and the public to assess the performance of an agency relative to its mission and to demonstrate accountability.
In the spirit of government transparency and in accordance with OMB Circular A-136, Financial Reporting Requirements, government agencies may choose either to produce a consolidated Performance and Accountability Report (PAR) or a separate Agency Financial Report (AFR) and Annual Performance Report (APR).