Course Summary
Credit Type:
Organization's ID:
BFM 4000
3 days
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 advanced acquisition financial management


The course objective is to support senior acquisition professionals with a minimum of six (6) years of acquisition program experience within an acquisition major program office, PEO, or service/component/headquarters/equivalent level. This is a highly engaging executive financial management course. It is a fast-paced, facilitated, scenario-driven course designed for complex critical thinking that synthesizes various topics critical to DoD today.

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:

  • Advance financial management
  • Configuration data management
  • Ethics
  • Risk management
  • Financial reporting
  • Business management/financial stewardship
  • Financial management systems
  • Financial management analysis and oversight
  • Case studies regarding Reclama review, technical issues, costing methodology, PM update, preparing leaders, financial impact of program restructuring, and assessing risk in acquisition programs
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Classroom Exercise
  • Discussion
  • Learner Presentations
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Case Studies
  • Examinations
  • Performance Rubrics (Checklists)
  • Presentations

Minimum Passing Score:

Supplemental Materials