# Financial Management Bootcamp for New Federal Managers Course (Self-Paced) Canonical URL: ## Overview This course provides a quick, essential overview of Federal financial management to new Federal Managers and those who manage federal funds. All federal managers and staff with responsibility over the planning, application, certification, accounting, and reporting on the use of federal funds have a personal, professional, and legal responsibility, based upon the U.S. Constitution, for the appropriate stewardship of those resources, as explicitly authorized and appropriated. This course will familiarize Federal Managers and those managing resources with many of the laws, regulations, and compliance requirements for the federal budget cycle, spending process, control, accounting, and reporting. ## What you'll learn - Understand the size, composition, and scope of the United States' annual budget. - Know the phases of the Federal/Congressional Budget Cycle. - Describe the titles, roles, and functions of federal financial management professionals. - Understand the lifecycle of federal financial transactions from initial commitment to eventual expenditure. - Know the functional connections between finance and procurement. - Know the sources of authority that guide and control an Agency’s financial management activities. - Recognize the restrictions and authorities on the communication of financial information. ## Curriculum **Module 1: Size and Scope of the National Budget** - Understand national debt, annual deficit, and federal spending patterns - Differentiate between mandatory and discretionary spending - Analyze real-time data on revenues and expenditures - Discuss the implications of the growing national debt **Module 2: The Federal Budget Cycle** - Learn the phases: formulation, congressional action, execution, audit, and review - Understand rules for appropriations, apportionments, allotments, and obligations - Explore procurement methods and rules for ratification and fund transfers - Connect performance metrics to budget outcomes per GPRA **Module 3: Financial Professionals You Will Work With** - Identify key roles: CFO, budget officers, analysts, accountants, and certifying officers - Understand their responsibilities in budget formulation, execution, and audit - Clarify communication roles with program staff, vendors, and oversight bodies **Module 4: Lifecycle of Federal Financial Transactions** - Follow a dollar from appropriation to Treasury disbursement - Understand commitments, obligations, and liquidations - Manage aging unliquidated obligations (ULOs) **Module 5: Sources of Financial Authority and Internal Controls** - Learn key regulations: GAO Red Book, OMB Circulars, Prompt Payment Act - Apply internal controls and compliance strategies - Understand the purpose-time-amount test and Antideficiency Act rules **Module 6: Communicating Financial Information** - Know when and how to communicate with Congress, auditors, and the public - Observe restrictions on pre-decisional and proprietary information - Ensure accurate, authorized communication of financial data **Module 7: Wrapping It All Up** - Explore additional professional development opportunities - Understand how technology affects financial data accuracy and reporting - Review practical steps to strengthen financial literacy and performance linkage ## Pricing **Tuition:** $579