Course

Credit Type:
Course
ACE ID:
MMWR-0045
Version:
6
Organization:
Installation Management Command, G7 Training Division, MG Robert M. Joyce MWR Academy
Location:
Online
Length:
25 hours
Minimum Passing Score:
75
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 2 Budget Management
Description

Objective:

This course is a suite of two courses: Entering Budget Data in Financial Management Budget System (FMBS) and Family and MWR Budgeting Process.

The course objective is to introduce the NAF and APF budgeting cycle including: requirements, funding sources, budget narrative, submissions, approval process, constraints, and execution. Students will gain an overall knowledge of the Financial Management Budget System (FMBS), UFMs and Management Decision Packages (MDEPs) to complete the three budget inputs: Annual Operating Budget [AOB], Capital Purchase and Minor Construction [CPMC], and Appropriated Fund [APF] / Non-Appropriated Fund [NAF] 5-Year Plan. This will be accomplished through practical exercises to forecast revenue entering results into the Financial Management Budget System (FMBS).

Learning Outcomes:

  • Prepare a NAF Budget. -Develop a FMWR NAF budget based on historical data and operating data by using forecasting methods to calculate revenue and expenses. -Identify elements of the NAF budget submission. -Describe the NAF Budget and approval process. -Explain budget requirements constraints.
  • Load budgeting data into Financial Management Budget System (FMBS). -Complete the NAF budget by correctly entering formulated data into the FMBS. -Relate to budget requirements that are loaded to FMBS.

General Topics:

  • ◦Annual Operating Budget ◦Capital Purchase ◦Minor Construction Budget ◦APF/NAF five (5) Year Financial Plan ◦NAF Budget Process ◦MWR Budget Process
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Practical Exercises

Methods of Assessment:

  • Case Studies
  • Examinations
  • Quizzes
Supplemental Materials
Equivalencies

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