GSA Calls Agencies to Account

I don't pretend to be any kind of expert on this kind of stuff, but this sounds pretty significant: The General Services Administration has issued a new Common Governmentwide Accounting Classification. The idea is to standardize the way agencies code and categorize financial transactions, so that there's a common financial structure across government. Of course, there's so much variation now that it will take several years to implement the new standards, as agencies upgrade their financial systems.