Federal Budgeting, Execution, and Accounting: The Relationship
IDFINC8300

Module 1: Budget Formulation

• Understand the key phases and processes in federal budget formulation.
• Identify the roles of OMB, agencies, and Congress in shaping the budget.
• Review statutory requirements and guidelines that govern budget preparation.
• Examine the relationship between strategic planning and budget requests.

Module 2: Budget Execution

• Explore how appropriated funds are distributed, obligated, and expended.
• Understand apportionment, allotment, and fund control processes.
• Review the legal and regulatory framework guiding budget execution.
• Identify methods for monitoring and adjusting spending during the fiscal year.

Module 3: Federal Accounting

• Explain the principles and standards of federal accounting.
• Understand the relationship between accounting systems and budgetary data.
• Identify key financial statements and their purposes in government reporting.
• Review the role of the U.S. Standard General Ledger (USSGL) in federal accounting.

Module 4: Role of Accounting in Preparation of Performance-Based Budgets

• Define performance-based budgeting and its objectives.
• Explore how accounting data supports performance measurement and reporting.
• Identify best practices for integrating financial and performance information.
• Examine case examples of performance-based budget preparation.

Module 5: Federal Budgeting, Execution and Accounting—Summary and Application

• Summarize the interrelationship between budgeting, execution, and accounting.
• Apply learned concepts to real-world scenarios and problem-solving exercises.
• Reinforce key terminology, processes, and compliance requirements.
• Assess the impact of integrated financial management on decision-making.