Course

Objective:

Learning Outcomes:

• Interpret and report the results of the financial process to ensure consistency with department-wide goals and strategic initiatives
• Analyze audit sampling and Corrective Action Plans (CAP)
• Advise internal and external stakeholders and congressional representative on department-wide financial processes/operations to ensure financial integrity
• Interpret program objectives and evaluate, advise, establish budgetary requirements/options
• Analyze program objectives and thresholds
• Compare funding options available to a program in order to secure sufficient budgetary authority
• Brief officials on budget issues and/or testimony to be given in formal budget hearings and testifying as an expert witness on behalf of the requested budget
• Evaluate formal budget hearing process
• Prepare a PEST analysis identifying external environment factors relating to financial management
• Develop a stakeholder engagement plan
• Develop and/or edit justification statements for requested multi-year and no-year appropriations
• Interpret and implement funding policies for multi-year appropriations and procurements
• Assess the important of RDT&E and Procurement phasing
• Strategize and utilize financial processes and resources to ensure effectiveness and accountability
• Evaluate DoD’s audit goals and how they relate to a program’s financial effectiveness and accountability
• Interpret, administer, and advise on all aspects of the standardized or customized financial process on behalf of a component or major organization to ensure financial accountability
• Prepare brief to internal and external stakeholders regarding budget estimates and/or issues associated with unique, complex funding and funding arrangements
• Establish strategic relationships with key external stakeholders that influence financial impacts to an organization, component, or program
• Critically analyze the difference between initial and replenishment spare and repair parts and how they are funded to support the program
• Evaluate the impact Engineering Change Proposals have on a program and how to fund them
• Analyze the financial and budgetary implication of joint programs
• Utilize DoD data standards and elements in order to perform analysis, identify relationships between cross-functional data sources, draw conclusions, and make recommendations, e.g., information from budgets, contract, workforce, programmatic, and financial systems
• Interpret, analyze, and advise others on financial policies, regulations, and procedures to ensure compliance with laws, regulations, and policies with appropriate use of resources to meet organizational goals and objectives
• Demonstrates making well-informed, effective, and timely decisions, even when data are limited, or solutions produce unpleasant consequences; perceives the impact and implications of decisions
• Demonstrate behavior that is honest, fair, and ethical, shows consistency in words and actions, and models high standards of ethics
• Determine types of unethical behavior associated with financial management and distinguish and assess between examples of typical ethical and unethical behaviors conducted while performing financial management efforts
• Demonstrate accountability for self and others for measurable high-quality, timely, and cost-effective results; determine objectives, sets priorities, and delegate work
• Evaluate a program schedule, to provide a risk assessment and outline the programmatic interdependencies
• Assess original cost and schedule information, determine funding implications related to the change, and determine the fund’s appropriation and fiscal year(s)
• Develop and document funding options, scheduling and/or scope changes to the program
• Prepare brief on funding options, scheduling and/or scope changes to the program
• Monitor contractor performance through acquisition reporting (DAES, SAR) and the IPMRs/CFSRs/CSDRs to support contract execution and future cost estimates
• Manage recurring budget reports to inform budget stakeholders
• Design, reconcile, and brief stakeholders on statistical and other program related financial reports
• Analyze all financial and budgetary impacts to program and develop recommendations for financial and/or budgetary actions under various types of conditions and time pressures
• Evaluate how DoD-level budget systems support the PPBES (Budget Estimate Submission and President's Budget Request)
• Develop and render authoritative interpretations of executive orders, OMB guidelines and directives, and policies and precedents within and across agency lines

General Topics: