Financial Management of Revolving Funds and Reimbursables

Management Concepts

How long?

  • 3 days
  • online, in person

What are the topics?

Management Concepts

Disclaimer

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Who should attend

This course is for experienced Federal accountants, financial managers, operational managers, and budget analysts who are involved in or wish to understand the financial management aspects of working capital funds, revolving funds, franchise funds, and reimbursable activities.

About the course

Many aspects of the Federal Government function like businesses, including activities involving reimbursables and revolving funds. Federal financial personnel must understand the differences between business operations and activities funded by appropriations, as well as the budget and execution process. Through challenging analytical exercises, you will gain an understanding of how to charter and execute a revolving fund, how to navigate the different budgeting phases, and how to analyze financial data of a revolving fund or reimbursable.

Learning Objectives

  • Compare funding mechanisms used in the federal government
  • Identify the organizational and planning functions for budgeting to establish revolving funds and reimbursable activities
  • Create a budget for the approval and execution of established revolving funds and reimbursements
  • Identify financial operations in the fund and the importance and benefits of analyzing financial data
  • Analyze financial data from execution and performance to effectively manage business operations

Course Topics

Introduction to Business Operations

  • Spending Government Funds
  • Comparing Funding Mechanisms
  • Legal Basis for Reimbursements: The Economy Act and Others
  • Exercise: Setting Up the Federal Support Agency (FSA)
  • Lesson Summary: Review Questions

Establishing a Revolving Fund and Reimbursable Activities

  • Guidance on Business Operations
  • Budgeting to Establish a Fund
  • Establishing Reimbursable Activities
  • Lesson Summary: Review Questions

Budgeting and Executing for the Fiscal Year

  • Purposes of Budgeting
  • The Federal Budget
  • WCF/Revolving Fund Budget Process
  • Exercise: FSA Cost Classification
  • ADA Implications of Internal Control
  • Lesson Summary: Review Questions

Analyzing Financial Data

  • Financial Accountability
  • Financial Standards and Statements
  • Financial Operations
  • Operating the Fund
  • Lesson Summary: Review Questions

Managing Business Operations

  • Success in Execution
  • Business Operations
  • Exercise: Analyzing FSA Financial Statements
  • Success in Compliance
  • Nonappropriated Fund Instrumentalities (NAFIs)
  • Lesson Summary: Review Questions

Financial Management of Revolving Funds and Reimbursables at Management Concepts

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Business Analytics

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During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

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