Description:
Learn the goals, roles and activities of the Defense Working Capital Funds (DWCF) and how they function in the Federal Government. Utilize a revolving fund concept in designing a business-like enterprise to operate within the Department of Defense (DoD) environment.
Who Should Attend?
DoD financial managers, program managers and other DoD civilian or military personnel who need a comprehensive understanding of working capital funds, including policies, procedures, concepts and terms.
Tuition:
$1,069.00
Credits:
24 CPE's
Class Type:
This course is currently being offered in the following training modalities:
- Online
- Virtual Instructor-Led
- Class Length: This class is listed as a 3 day course.
- Virtual Instructor-Led
- On-site
Learning Outcomes:
- Describe the legislative history and authority for DWCF
- Distinguish between a DWCF and an appropriated fund program
- Apply effective DWCF business principles and concepts
- Employ effective working relationships with customers and suppliers
- Apply the basics of DWCF accounting, budgeting, cost recovery, financial reporting and analysis
Day one of three
- Introduction
- Purpose, Objective, and Scope of the Working Capital Funds (WCF)
- Origin and Structure of the Working Capital Funds
- WCF Business Areas
- WCF Charter
- The Working Capital Funds Management Structure
- The WCF Corporate Board
- Office of the Under Secretary of Defense (Comptroller)
- Military Departments and Defense Agencies
- Working Capital Funds Planning, Programming and Budgeting
- Planning
- Programming
- Budgeting
- Customer and WCF Business Operations Budgeting Concepts
- Customer Related Budgeting
- WCF Business Area (Provider) Budgeting
- Full Recovery of Costs
- Setting of Rates and Prices
Day two of three
- Working Capital Funds Planning, Programming and Budgeting (cont.)
- Operating Budget Presentation and Submission
- Budget Execution
- Performance Measures Evaluation
- Transaction Reporting
- Quarterly Execution Review
- Budget Execution Linked to Budget Formulation
- Cost Elements and Business Management Concepts
- Depreciation Expenses
- Major Real Property Maintenance and Repair (MRPM&R)
- Cash Management
- Customer Mandated Schedule Changes
- Intrafund Transactions
- Management Headquarters
Day three of three
- Cost Elements and Business Management Concepts (cont.)
- War Reserves
- Military Personnel Costs
- Base Realignment and Closure Costs
- Funding of Civilian Voluntary Separation Incentive Program
- Minor Construction Funding Procedures
- Post-Investment Analysis Requirements
- Mobilization Requirements and Related Costs
- Unit Costs
- Understanding Costs and Outputs
- Development of Unit Cost
- Managing with Unit Cost
- Challenges, Opportunities and Benefits
