Description:
This course provides a quick essential overview of Federal financial management to new federal managers and those who manage federal funds. All federal managers and staff with responsibility over the planning, application, certification, accounting, and reporting on the use of federal funds have a personal, professional, and legal responsibility, based upon the U.S. Constitution, for the appropriate stewardship of those resources as explicitly authorized and appropriated. This course will familiarize federal managers and those managing resources with many of the laws, regulations and compliance requirements for the federal budget cycle, spending process, control, accounting, and reporting.
Who Should Attend?
All new federal financial managers, new federal financial management staff, new high-level appointees and those tasked with reviewing and analyzing agency budget justifications, allocations, and accountability reporting, such as OMB budget examiners and Congressional Appropriations Committee staff.
Tuition:
$529.00
Credits:
8 CPE's
Class Type:
This course is currently being offered in the following training modalities:
- Online
- Virtual Instructor-Led - FINC7010A001
- Class Length: This class is listed as a 1 day course.
- Virtual Instructor-Led - FINC7010A001
- On-Site
Learning Outcomes:
- Understand the size and composition scope of the United Stated annual budget.
- Know the phases of Federal/Congressional Budget Cycle.
- Describe the titles, roles and functions of federal financial management professionals.
- Understand the lifecycle of federal financial transactions from initial commitment to eventual expenditure.
- Know the functional connections between finance and procurement.
- Know the sources of authority that guide and control an Agency’s financial management activities.
- Recognize the restrictions and authorities on communication of financial information.
Module 1: The Size and Scope of the National Budget
Module 2: The Federal Budget Cycle
Module 3: Who are the Financial Professionals You Will Work With During Your Audit
Module 4: Understanding the Lifecycle of a Financial Transaction
Module 5: What are the Sources of Authority that Guide Agencies’ Financial Decisions and Internal Controls?
Module 6: Interacting with Agency Management, Program Offices, Financial Professionals, the Congress and the Public
Module 7: Wrap Up