Author : | Charles Sarahan II, CPA, CGFM, Author |
Status : | Production |
CPE Credits : | 5.5 |
IRS Credits : | 0 |
Price : | $49.45 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1434 |
Description : |
Are you a new federal employee or contractor working with accounting, auditing, budgeting, financial operations, or internal controls? Have you taken on a new position where federal financial management tasks have been added to your regular duties? If yes, this book is for you.
This publication provides a short, high level overview of federal financial management that will hopefully help you do your job faster and/or better. It will serve as a baseline for more in-depth courses on federal financial management topics and/or serve as a quick reference manual. I wish I had this course when I joined the federal government. It would have provided some basic information that took me months or years to learn. |
Usage Rank : | 0 |
Release : | 2018 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
FEDERAL FINANCIAL MANAGEMENT: SERVICES OVERVIEW
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Advance Preparation : | None. |
Delivery Method : | Self-Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 27-Nov-2019 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1434 |
Keywords : | Accounting, Fundamentals, Federal, Financial, Management, What, you, need, know, hit, ground, running, cpe, cpa, online course |
Learning Objectives : |
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
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Course Contents : | Chapter 1 - Introduction to Federal Financial Management Review Questions Chapter 2 - Agency Formation Review Questions Chapter 3 - Federal Financial Management Laws Chart 3-1: Timeline of Major Federal Financial Management Laws Anti-Deficiency Act (ADA) Economy Act of 1932 Supplemental Appropriation Act of 1955 GPRA of 1993/GPRMA of 2010 Inspector General Act of 1978 Sarbanes Oxley Act of 2002 Review Questions Chapter 4 - Appropriation Basics Types of Appropriation Authority The Three Basic Elements of an Appropriation Chart 4-1: Basic Elements of All Appropriations Apportionments and Allotments Appropriation Classifications Chart 4-2: Types of Appropriations Miscellaneous Items to Know About Appropriations Chart 4-3: IRS Budget Activity Codes Review Questions Chapter 5 - United States Standard General Ledger (USSGL) Chart 5-1: USSGL Major Transaction Categories Chart 5-2: USSGL Standard Proprietary Equation Chart 5-3: USSGL Expanded Proprietary Equation Chart 5-4: USSGL Budgetary Equation Chart 5-5: USSGL Accounts and Descriptions to Know By Heart Chart 5-6: Standard Accounting Scenarios Chart 5-7: GTAS Validations Summary Chapter Summary Review Questions Chapter 6 - Accounting for Property Chart 6-1: The Three Most Basic Federal Property Classification Types Chart 6-2: Common Depreciation/Amortization Simplifying Conventions Review Questions Chapter 7 - Basic Financial System Concepts Review Questions Chapter 8 - Federal Contracts Chart 8-1: Types of Federal Contracts Review Questions Chapter 9 - Special Topics Temporary Withholding of Funds (Temporary Deferrals) Budget Analyst Versus Accountant and Auditor Speak Chart 9-1: The Lingo of Budget Analysts, Accountants and Auditors Agency Location Codes IPAC Payments versus NonIPAC Transactions Standard Federal (SF) Forms Every Financial Professional Should Be Aware Of Agency System of Record Fund Accounting Federal Agency GAAP Standard Setters Chart 9-2: Basis of Accounting Chart 9-3: A Sample of Federal Agencies & The Accounting Standard They Use Basic Federal Financial Statement Reports Types of Financial Statement Audit Opinions Review Questions Chapter 10 - Reference Sources: Knowing Where to Look Department of the Treasury – Bureau of the Fiscal Service Chart 10-1: TFM Volume I Topics (Federal Agencies) Chart 10-2: TFM Volume II Topics (Federal Reserve Banks) Chart 10-3: TFM Volume III Topics (Government Depositaries and Financial Agents) Chart 10-4: TFM Volume IV Topics (Other Concerned Parties) Chart 10-5: Sample Treasury Transmittal Letter Chart 10-6: Sample Treasury Bulletin Chart 10-7: Sample Treasury Supplement Government Accountability Office (GAO) Chart 10-8: GAO Book Cover Meanings General Services Administration (GSA) Federal Accounting Standards Advisory Board (FASAB) Library of Congress Office of Management and Budget (OMB) Chart 10-9: Pertinent OMB Circulars Agency Reference Documents Review Questions Chapter 11 - Practical Applications Scenario 1: TV Purchases Scenario 2: Vehicle Proceeds Scenario 3: Unable to Obligate Funds in a Reimbursable No-Year Fund – Expiring Funds Scenario 4: No Funds to Pay Valid Bill Scenario 5: No Funds to Write-off Unsupported Accounts Receivable Scenario 6: Negative Cash in Revolving Fund Scenario 7: Temporary Withholding Until Congress Receives a Report Scenario 8: Abnormal 4201 Balance Scenario 9: Release of Expense File to Auditors With No Expenditures Scenario 10: Linking of OMB Object Classes and Agency Subobject Codes to USSGL Accounts Scenario 11: FOIA Request – Unclaimed Monies Scenario 12: Congressional Request – Fines and Penalties an Agency Collects Scenario 13: Congressional Request – How Much Obligated and Paid to a Certain Organization Scenario 14: Determining Available Funds in an Expired Appropriation Scenario 15: Determining Available Funds in an No-Year Appropriation Involving a Prior Budget Year Scenario 16: Misapplied Agency Subobject Class Codes – Reporting Risks Scenario 17: Determining the Universe of Prior Year Obligation Document That Should Have Been Entered Before the Financial System Closed Acronyms and Glossary |