Course

Objective:

Learning Outcomes:

• Prework: Given recommended pre-work assignments and access information, complete pre-work in order to gain fundamental basic knowledge and skills to be prepared for the course.        ◦Recommended: Complete Applied Financial Planning Income Statement Analysis course online. ◦Recommended: Complete FMWR Budgeting in the NAF System course online. ◦Required: Obtain access to your Financial Reports via SMIRF or PowerBI.
• Given NAF financial management protocols interpret and relate specific guidance to NAF program operation in accordance with AR 215-1, Chapter 16 and annual HQ IMCOM DFMWR Program Budget Guidance. ◦Identify and interpret NAF regulations and operating guidance and explain. ◦Explain sources and streams of funding for NAF programs. ◦Relate the Uniform Funding and Management process to program funding sources.
• Given a NAF Income Statement, analyze its components to distinguish ways the information can be used to make program operating decisions in accordance with AR 215-1 and annual Replace HQ IMCOM DFMWR Program Budget Guidance. ◦Describe the monthly income statement by categorizing information contained on the statement. (Program Identification codes, GLACS, Financial Data, etc.) ◦List seven major elements in an income statement and their value in program operation. ◦Perform standard income statement calculations and their value in program operation. ◦Establish best uses of the five (5) key financial reports in FMWR. ◦Recognize the role of analysis in financial management and examine reports available for conducting an analysis. Conduct a comparative analysis to identify possible trends in financial operation.
• Given a scenario, apply a labor scheduling model to meet program specific benchmarks and ensure short and long term financial success. ◦Recognize the new fiscal reality and how labor impacts business. ◦Identify program code and associated labor standard. ◦Identify key inputs and outputs for controlling labor costs.
• Given a NAF Variance Report and other historical financial reports, interpret data to identify trends and recommend corrective action if needed in accordance with AR 215-1, Chapter 16. ◦Analyze a variance report to identify actual financial operations performing outside the standard (15% variance from budget). ◦Conduct a trend analysis of actual against budgeted for different GLACs. ◦Distinguish cause and effect. ◦Post causes for identified trends and recommend resulting actions.
• Given an overview of the budget process, examine IMCOM and garrison strategic guidance and historical data for budget applicability to determine five year program requirements for inclusion in the Manager’s Narrative IAW AR 215-1. ◦Identify and apply the NAF Annual Operating Budget (AOB) Process. ◦Identify and discuss strategic guidance; synthesize with NAF AOB Process. ◦Recognize strategic opportunities by applying the SWOT process to program management. ◦Describe NAF 5yr Plan Program Requirements and apply to inclusion in the AOB.
• Given a scenario, consider future program requirements to formulate an annual NAF operating budget for one program to meet identified future requirements IAW annual HQ IMCOM DFMWR Program Budget Guidance. ◦Compile Historical Data. ◦Apply a trend analysis. ◦Determine factors that will impact the future. ◦Forecast Performance and determine requirements. ◦Review Big Picture. ◦Define components of the Manager's Narrative in the NAF AOB and relate to budget and planning process.
• Given the CPMC Process and a CPMC decision matrix, examine the program manager’s role in CPMC management in accordance with legal, Army, IMCOM and/or Garrison imperatives. ◦Define and describe the CPMC process. ◦Identify and apply the Capitalization and Depreciation procedures as they relate to the CPMC Process. ◦Identify and apply the Decision Matrix approach to ranking CPMC. ◦Distinguish and discuss the key components of a CPMC proposal.
• Given the NAF financial management classroom course content, brief and participate in small and large group reviews of an Annual Operating Budget Year-to-Date variance report. ◦Apply budget review process to budgets. ◦Practice constructive feedback. ◦Conduct a peer review of assigned budget.

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