DAFORMFILLABLE.COM | DA FORM 4702-R, also known as the Monthly Bulk Petroleum Accounting Summary (LRA), is an essential document utilized within the U.S. Army for recording and summarizing bulk petroleum transactions. This form, established on April 1, 1985, continues to be active and is a critical tool for ensuring accurate petroleum accounting.
DA FORM 4702-R – Monthly Bulk Petroleum Accounting Summary (LRA)
| Form Number | DA Form 4702-R |
| Form Title | Monthly Bulk Petroleum Accounting Summary (LRA) |
| Form Date | 04/01/1985 |
| Form Proponent | G-4 |
Purpose and Use of DA FORM 4702-R
The primary purpose of DA FORM 4702-R is to provide a detailed summary of the monthly bulk petroleum transactions. This includes the receipt, issue, and ending inventory of petroleum products. The form ensures that all petroleum data is accurately documented and can be used for inventory control and financial auditing.
Proponent and Prescribing Directive
The G-4 is the proponent for DA FORM 4702-R, ensuring its relevance and proper utilization within the Army. The prescribing directive for this form is PAM 710-2-1, which outlines the procedures and guidelines for its completion and submission.
Key Components of DA FORM 4702-R
Identification and Security Classification
- Pub/Form Number: DA FORM 4702-R
- Pub/Form Date: April 1, 1985
- Pub/Form Title: Monthly Bulk Petroleum Accounting Summary (LRA)
- Pub/Form Status: Active
- Security Classification: Unclassified
Distribution and Accessibility
- Dist Restriction Code: A – Approved for public release; distribution is unlimited
- Footnotes: Also produced in electronic media
- Pub/Form IDN: 990001
- Pub/Form PIN: 033862
Steps to Complete DA FORM 4702-R
- Header Information: Fill in the identification details, including the unit name, month and year of the report, and other relevant identifiers.
- Transaction Recording: Document all receipts, issues, and adjustments for each type of petroleum product.
- Inventory Summary: Calculate and record the ending inventory for the reporting period.
- Verification and Submission: Ensure all entries are accurate, verify with authorized personnel, and submit the completed form as per the guidelines in PAM 710-2-1.
Importance of Accurate Petroleum Accounting
Maintaining precise records through DA FORM 4702-R is crucial for several reasons:
- Operational Efficiency: Accurate data helps in effective management and distribution of petroleum resources.
- Financial Accountability: Proper accounting prevents losses and ensures that financial records reflect actual petroleum usage.
- Audit Readiness: Detailed records are essential for audits, ensuring compliance with Army regulations and preventing discrepancies.
Common Challenges and Solutions
Challenge: Data Accuracy
Solution: Implement regular training for personnel responsible for filling out DA FORM 4702-R to ensure they understand the importance of accurate data entry and are familiar with the guidelines in PAM 710-2-1.
Challenge: Timely Submission
Solution: Establish a routine schedule for completing and reviewing the form before the submission deadline, ensuring any errors are corrected promptly.
Conclusion
DA FORM 4702-R – Monthly Bulk Petroleum Accounting Summary (LRA) is a vital document in the U.S. Army’s logistics and supply chain management. Its role in recording and summarizing petroleum transactions ensures operational efficiency, financial accountability, and readiness for audits. By adhering to the guidelines in PAM 710-2-1 and focusing on accurate data entry, Army personnel can effectively manage petroleum resources and support their missions.
This article provides a comprehensive overview of DA FORM 4702-R, emphasizing its importance and offering practical solutions to common challenges. For further information or access to the form, individuals can refer to the official Army publications and directives.