Financial Policy

 

 

The Division of Accounting and Auditing (A&A) is responsible for establishing and maintaining financial management policy. With the introduction of the new accounting system, Florida Planning, Accounting, and Ledger Management (PALM), and the retirement of the current state accounting system, Florida Accounting Information Resource (FLAIR), current financial management policies will need to be evaluated. A&A is redefining how state agencies access financial policy by creating a centralized hub for financial guidance called “The Focal Point.” By bringing new and existing guidance together in one intuitive structure, A&A is establishing a true focal point for financial policy, making information easier to understand, updates easier to track, and statewide financial management more effective. This new tool will go live when Florida PALM is implemented.