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PHONE: (313) 593-5644
DATE: Jan. 10, 2003

Alumnus will discuss accounting practices in defense budgets

DEARBORN---University of Michigan-Dearborn alumnus Thomas Bloom, director of the defense finance and accounting service for the Department of Defense, will present "Running Government Like a Business: An Accountant's View" from 6 p.m. to 7:30 p.m. on Wednesday, February 5 in the School of Management auditorium as part of the Executive Speaker Series.

Bloom

Bloom, who oversees the day-to-day accounting and finance activities for the Department of Defense, will discuss how he created a strategy-based, metrics-driven and customer-focused organization that employs 17,000 civilian and military personnel at 26 locations throughout the United States, Europe and the Pacific.

The Defense Finance and Accounting Service was created in 1991 by the Secretary of Defense to reduce the cost of Department of Defense finance and accounting operations and to strengthen Department of Defense financial management through consolidation of finance and accounting activities.

Since its inception, the Defense Finance and Accounting Service has consolidated more than 300 installation-level finance and accounting offices into 26, and trimmed the workforce from more than 27,000 to just over 17,000.

Each year, the Defense Finance and Accounting Service processes 100 million accounting transactions and handles accounts for worldwide operations and multi-disciplined appropriations of the Department of Defense. These financial resources are well in excess of $1 trillion.

Bloom, a certified public accountant who earned a bachelor's degree in business administration and accounting at UM-Dearborn, has extensive experience in finance and accounting, having served as chief financial officer at both the Department of Commerce and the General Services Administration. He also served as the inspector general at the Department of Education where he conducted audits, investigations, managed fraud control programs and designated security services related to programs and operations for the department.

Bloom also served as senior audit partner and director of governmental services and co-chair of the financial institution practice with the national certified public accounting firm Kenneth Leventhal & Co. in its Dallas and Washington, D.C. offices.

The Executive Speaker Series is free, but registration is required. To register, contact Andrea Humphrey at 593-5656 or cebi@umd.umich.edu by Jan. 29.

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