The AF FIP Action Plan identifies the steps each organizational element must take to fully integrate all financial and non-financial processes and systems into a CFO-compliant environment that impact or involve Air Force fiscal resources.

The Accountability and Financial Management Integrated Process Team (A&FM IPT) serves as the focal point for task completion and feeder system compliance. Additionally, the Executive Steering Committee monitors the AF FIP Action Plan and takes necessary action to ensure its successful implementation, which includes (but is not limited to) establishing priorities for competing tasks and committing resources needed to accomplish the tasks. Finally, several business rules were developed and are modified as needed to ensure consistency among all organizations involved in the Action Plan.

Financial transparency requires the Air Force have processes and procedures in place that ensure data is accurately collected at the source, flows effectively and efficiently through to reporting systems and analytical tools, and is free from errors.

The Air Force Financial Improvement Plan (AF FIP) is the Air Force’s road map toward financial transparency. The Air Force’s move toward financial transparency is a key component of the Department of Defense (DoD) Financial Improvement and Audit Readiness (FIAR) Plan. The FIAR Plan is a financial management improvement plan that aims to improve DoD financial health.

Successful completion of the AF FIP Action Plan and the FIAR Plan will provide quality financial information and enable effective business decisions. The AF FIP Action Plan continues our ongoing commitment to ensure the absolute highest level of stewardship of the taxpayers’ investments in the Air Force.