Course

Course Summary
Credit Type:
Course
ACE ID:
DAU-0334
Organization's ID:
BUS 1100, BFM 1000, and BFM 2000
Organization:
Defense Acquisition University
Location:
Online
Length:
20 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 2 introduction to acquisition financial management
Description

Objective:

This is a combination of three courses:

The objective of the BUS 1100, Business Essentials, Online Training (OLT) course is to introduce the learner to basic common terminology and concepts used in DoD acquisition financial management and cost analysis. The purpose of this course is to provide the financial managers and cost estimators with foundational knowledge of topics relating to requirements generation, financial management, cost estimating, ethics, EVM, and contracting.

The objective of the BFM 1000, Fundamentals of Acquisition Financial Management, Online Training (OLT) course is to deliver an immersive learning experience with a broad overview of the Planning, Programming, Budgeting, and Execution (PPBE) process from a DoD Acquisition financial manager’s perspective. Learners are taught how the four PPBE phases are linked using an interactive and engaging integrated exercise and how to effectively manage and execute a program within the four phases.

The objective of the BFM 2000, Applied Acquisition Financial Management, Online Training (OLT) course is to apply the critical concepts introduced in BUS 1100 and BFM 1000 through the perspective of a DoD Acquisition financial manager. Students participate in experiential learning through an interactive digital learning environment using job support tools to accomplish learning objectives. The course promotes critical and higher-level thinking.

Learning Outcomes:

  • Summarize the Joint Capabilities Integration and Development System (JCIDS), Planning, Programming, Budgeting and Execution (PPBE) and Defense Acquisition System (DAS) processes
  • Identify the Defense Acquisition System (DAS) and the corresponding program Acquisition Strategy’s importance to financial managers and cost estimators
  • Recognize the Financial Management Regulation, 7000.14-R
  • Differentiate between OMY circulars A-11 and A-123
  • Summarize how the DoD budget formulation process supports the President’s Budget (PB)
  • Identify the phases of Congressional Enactment ad their associated Legislative Committees
  • Identify each of the five (5) major categories of DoD appropriations
  • Differentiate between Overseas contingency Operations (OCO) and Base Budgets
  • Identify three (3) fiscal laws
  • Recognize Defense working Capital Funds and other Non-Appropriated funds, e.g., FMS
  • Identify roles and responsibilities of the financial manager, cost estimator, and program manager
  • Recognize the policy, data, methods, and metrics used during the cost estimating process
  • Recognize the role of the Cost Analysis Requirements Description (CARD) in cost estimating
  • Recognize the six (6) common cost analyses metrics
  • Differentiate between life cycle cost estimates (LCCE) and Total Ownership Costs (TOC)
  • Recognize the four (4) cost estimating techniques: analogy, engineering, parametric, and actual costs
  • Summarize Earned Value Management’s role in managing cost, schedule, and performance metrics
  • Identify what a Cost Variance (CV) and Schedule Variance (SV) indicate about contract cost and schedule performance
  • Summarize ethical considerations for financial managers and cost estimators
  • Recognize contract types and structure
  • Identify the key drivers of the Planning, Programming, Budgeting, and Execution (PPBE) System
  • Identify how OMB Circulars (No. A-11 and A-123) provide instruction on management’s responsibility for internal control of budget preparation and submission processes
  • Recognize the Financial Manager’s role throughout the acquisition life cycle
  • Recognize five (5) decision support steps
  • Recognize the role of ethics in financial management
  • Recognize the purpose, activities, and outcomes of the Planning Phase
  • Identify the principal players of the Planning Phase
  • Identify the purpose of the Defense Planning Guidance (DPG)
  • Identify the programmatic process leading to the submission of the Program Objective Memorandum (POM) to OSD
  • Recognize the purpose, activities, and outcomes of the Budgeting Phase
  • Identify the primary inputs of the Budgeting Phase
  • Recognize how the different RDT&E budget exhibits support the President’s Budget to ensure program plans are executable, justifiable, and defendable
  • Recognize the Congressional Enactment process
  • Recognize when Continuing Resolutions are required and the limitations operating under a CR may impose
  • Recognize the purpose, activities, and outcomes of the Execution phase
  • Recognize the apportionment process Differentiate between direct cite and reimbursable documents
  • Recognize the rules and laws associated with the execution of DoD appropriations
  • Identify violations of the Purpose Statute, the Bona Fide Needs Rule, and the Anti-Deficiency Act
  • Recognize the DoD financial reporting requirements and resources
  • Recognize the Defense Acquisition Executive Summary (DAES)
  • Recognize the Defense Acquisition Visibility Environment (DAVE)
  • Recognize the Selected Acquisition Report (SAR)
  • Recognize the various financial management concepts, systems, and organizations that govern audit readiness
  • Recognize the role of the Defense Contract Auditing Agency (DCAA) and Other Defense Agencies in DoD audit processes
  • Analyze program data to ensure alignment with the Acquisition Program Baseline (APB)
  • Analyze the life cycle cost estimate
  • Relate program data to milestone review requirements
  • Determine program requirements as they pertain to the Integrated Master Schedule (IMS)
  • Differentiate between a Statement of Work (SOW) and a Statement of Objectives (SOO)
  • Determine the Financial Manager’s role within the PPBE process
  • Analyze financial and budgetary relationships to develop recommendations in preparation for planning the program budget
  • Analyze existing budget exhibits in preparation for submitting the President’s Budget
  • Analyze the content of budget justification materials to be able to respond to decision makers’ questions relating to a given scenario
  • Identify the impact of the Congressional Enactment process on a program’s budget
  • Determine the minimum funding requirements permitted during a Continuing Resolution Authority (CRA)
  • Recognize unmatched disbursements and negative unliquidated obligations to improve funds execution
  • Apply sound financial principles and best practices to execute a program and to support senior decision making
  • Analyze cost and schedule performance to determine when it will impact required funding within a given scenario
  • Apply configuration data management requirements, using financial systems, to make informed decisions on program funding
  • Apply configuration data principles to support program office goals within a given scenario
  • Select the appropriate financial and budgetary action to execute program funding without violating fiscal law rules within a given scenario
  • Identify solutions to unethical situations experienced by a financial manager
  • Recognize the regulations and policies that govern the use of the Defense Working Capital Fund (DWCF)
  • Recognize the basic operations of the Foreign Military Sales (FMS) program

General Topics:

  • Requirements generation
  • Financial management
  • Cost estimating
  • Earned value management
  • Ethics
  • Contracting
  • Planning, Programming, Budgeting, and Execution (PPBE) process
  • Role of financial manager and ethics
  • Introduction to planning
  • Introduction to programming
  • Introduction to budgeting
  • Introduction to congressional enactment
  • Introduction to (funds) execution
  • Introduction to fiscal law
  • Defense Working Capital Fund
  • Foreign military sales
  • Introduction to financial reporting and auditing
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations

Minimum Passing Score:

80%
Supplemental Materials