Management Concepts

Financial Management of Revolving Funds and Reimbursables

Available dates

Jan 27—29, 2020
3 days
Washington, District of Columbia, United States
USD 889
USD 296 per day
Apr 22—24, 2020
3 days
Washington, District of Columbia, United States
USD 889
USD 296 per day
Jun 15—17, 2020
USD 889
+4 more options


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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

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.

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