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MFCS becomes Navy's financial accounting system.
Introduction
The conversion of Trident Refit Facility Kings Bay, Ga., to the Material Financial Control System, Retail Ashore, marks the end of an era in Navy financial accounting. TRFKB was the last shore-based activity operating the Uniform Automated Data Processing System (UADPS) Applications E & F for financial accounting of Navy Working Capital Fund (NWCF) material.
UADPS E&F has been used by the Navy for the past three decades but is non-compliant to the Chief Financial Officers Act (CFO) passed by Congress in the early 1990's. MFCS is a general ledger accounting system that has been approved by the Navy and Department of Defense as being in ...
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Source: HighBeam Research, MFCS becomes Navy's financial accounting system.