Accession Number : ADA293093

Title :   Flying Hour Consumable Supplies: More Than Mere Nuts and Bolts.

Descriptive Note : Idea paper,

Corporate Author : AIR UNIV MAXWELL AFB AL

Personal Author(s) : Limon, Juan F.

PDF Url : ADA293093

Report Date : 07 APR 1995

Pagination or Media Count : 13

Abstract : Accounting for Air Force flying hour consumable supply costs has been less than 100 percent accurate over the last decade. Various attempts have been made to clearly define and account for these supply costs associated with aircraft operations. To date, there is still confusion in the field on what exactly constitutes flying hour consumable supplies. In this paper, I will deal with two areas associated with accounting for these flying related costs: definition and unique accounting codes. Declining budgets are driving increased scrutiny to reduce costs in operating our aircraft systems. Programs are being put under the microscope to identify and justify flying hour costs. Due to various factors such as: mission profiles, age of the fleet, geographic location, and flying styles; to name just a few, no two wings fly the same aircraft at exactly the same cost. While this complicates the analysis process, we as financial analysts should be able to develop a clear and accurate a la carte" type cost menu to identify the "core" cost of maintaining a given aircraft. Currently, no one can give that flying commander in the field a definition he can be comfortable with when it comes to spending his operations and maintenance dollars to operate his assigned aircraft. Increased emphasis is needed when it comes to accounting for costs of flying hour consumable supplies. We must eliminate the confusion that exists in the field, as well as higher headquarters, by improving the current accountability system. A unique accounting code to distinguish the commodity, combined with a clear definition of what should be coded against that commodity, are necessary for us to accomplish meaningful analysis on this highly visible program.

Descriptors :   *ACCOUNTING, *AIRCRAFT EQUIPMENT, *SUPPLIES, *AIR FORCE BUDGETS, POSITION(LOCATION), AIRCRAFT, CORES, MISSION PROFILES, COSTS, CODING, FLIGHT, VISIBILITY, BUDGETS, GEOGRAPHY, FINANCE, ANALYSTS, ACCOUNTABILITY, NUTS(FASTENINGS).

Subject Categories : Aircraft
      Administration and Management
      Economics and Cost Analysis
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE