Description:
Obtain a comprehensive overview of the significant aspects of financial management. Gain an understanding of the fundamentals of the laws, critical concepts, procedures, and policies involved with sound financial management. Learn to link management, budgeting, and auditing to performance measurement; recognize the primary requirements of financial systems; and adhere to governmentwide policies.
Duration:
3 days
Level:
Foundational
Who Should Attend?
Who Should Attend:
Credits:
24 CPEsLearning Outcomes:
- Describe financial management in the Federal Government.
- Identify key roles played by various financial management personnel.
- Identify the phases of the federal budget process.
- Describe the role of financial information in performance management.
- Explain basic principles of federal accounting.
- Distinguish federal financial systems from other types of systems.
- Explain the purpose of internal controls and control systems.
- Adhere to governmentwide policies pertaining to cash and debt management.
Available Sessions:
| Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|
| Session Code FINC7000-007 | Start Date Apr 15, 2025 9:00 AM EST | End Date Apr 17, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code FINC7000-001 | Start Date Jun 10, 2025 9:00 AM EST | End Date Jun 12, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code FINC7000-002 | Start Date Jul 08, 2025 9:00 AM EST | End Date Jul 10, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code FINC7000-003 | Start Date Aug 04, 2025 9:00 AM EST | End Date Aug 06, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code FINC7000-004 | Start Date Sep 16, 2025 9:00 AM EST | End Date Sep 18, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code FINC7000-005 | Start Date Oct 20, 2025 9:00 AM EST | End Date Oct 22, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 | |
| Session Code FINC7000-006 | Start Date Nov 26, 2025 9:00 AM EST | End Date Nov 28, 2025 5:00 PM EST | Location Virtual | Tuition $1,199.00 |
Module 1 Overview of Financial Management
- What is financial management and why is it important
- Central financial organizations
- Central agency collaboration
Module 2 Personnel—Important Component of Good Financial Management
- Who works in financial management
- Human resource requirements
- Ethical standards for financial managers
Module 3 The Federal Budget Process
- History of the federal budget process
- Basic concepts of federal budgeting
- Overview of the federal budget process
- Preparation of the President’s Budget
- Overview of the Congressional Action phase
- Overview of the Budget Execution phase
- Overview of the Audit and Review process
Module 4 Financial and Performance Management
- Nature of performance measurement
- Overview the Government Performance and Results Act (GPRA)
- Key features of GPRA
- GPRA Modernization Act of 2010
- Recent initiatives to improve performance
Module 5 Accounting Principles and Standards
- Overview of federal accounting
- Fund control and account structure
- Federal accounting standards
- Financial reporting
Module 6 Financial Systems
- Nature of financial systems
- Functions of financial systems
- Financial management systems policy
- Human resource requirements
Other Recommended Courses:
- Federal Budget Process (BUDG7103)
- Introduction to Federal Budgeting (BUDG7001)
- Federal Budgeting, Execution, and Accounting: The Relationship (FINC8300)
- Introduction to Federal Accounting (ACCT7001)
- Congressional Budget Process (BUDG8175)
- Federal Appropriations Law (FINC7100)
- Manager's and Auditor's Roles in Assessing Internal Control (AUDT8003)
