BONUS! Cyber Phoenix Subscription Included: All Phoenix TS students receive complimentary ninety (90) day access to the Cyber Phoenix learning platform, which hosts hundreds of expert asynchronous training courses in Cybersecurity, IT, Soft Skills, and Management and more!
Course Overview
This one day, instructor led course is designed to provide federal financial personnel with an understanding of the financial management of business operations in government, including reimbursables and revolving funds. Participants will learn the differences between business operations and activities funded by appropriations and gain an understanding of the budget and execution process. Through challenging analytical exercises, participants will learn how to charter and execute a revolving fund, navigate different budgeting phases, and analyze financial data of a revolving fund or reimbursable. At the completion of this course, participants will be able to:
- Identify the financial processes of Business Operations and determine how that funding is different for funding for appropriations
- Use Federal Appropriations correctly
- Review Federal budgeting and execution processes
- Describe the roles and responsibilities of federal financial management professionals.
- Analyze the Federal Financial lifecycle and phases
- Ensure compliance related to current laws as they apply to revolving and reimbursable funds
- Utilize Financial data to provide analysis and make informed decisions
Schedule
Currently, there are no public classes scheduled. Please contact a Phoenix TS Training Consultant to discuss hosting a private class at 301-258-8200.
Course Outline
Module 1. Introduction to Financial Management in Government Business Operations
- Overview of financial management in government
- Business operations in government and their similarities to private sector operations
- Differences between business operations and activities funded by appropriations
Module 2. Budgeting and Execution Process
- Overview of the budgeting process
- Understanding the budget cycle and phases
- Key stakeholders in the budgeting process
- Execution of the budget
Module 3. Reimbursables and Revolving Funds
- Understanding the concept of reimbursable and revolving funds
- Differences between the two
- Chartering and executing a revolving fund
- Analyzing financial data of a revolving fund or reimbursable
Module 4. Financial Analysis of Business Operations
- Analyzing financial statements of a business operation
- Key financial ratios and metrics for analysis
- Interpreting financial results and making informed decisions
- Communicating financial information to stakeholders
Module 5. Conclusion
- Recap of key concepts learned
- Best practices for financial management of business operations in government
- Future trends in government financial management
BONUS! Cyber Phoenix Subscription Included: All Phoenix TS students receive complimentary ninety (90) day access to the Cyber Phoenix learning platform, which hosts hundreds of expert asynchronous training courses in Cybersecurity, IT, Soft Skills, and Management and more!
Phoenix TS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints re-garding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org
