MN3154 Financial Management in the Armed Forces

This course is designed for non-MBA students and focuses on financial management policies and practices in the DoD. It begins with a foundation including the origin of the Defense budget from national strategic planning through the PPBE system and the submission of the President's Budget to Congress. The Congressional Authorization and Appropriation processes and the flow of funds to the activity level complete the foundation. The course next explores the funding mechanisms for programs and activities, addressing the proper use and management of appropriated, reimbursable and revolving funds. Basic principles of fiscal law are explored. The course concludes with financial management and stewardship topics including budgetary accounting, management of cost drivers, and internal controls. Contemporary financial management issues are discussed. Exercises and case studies are used to develop the students' ability to apply financial management concepts to real life situations. Prerequisites: None.

Lecture Hours

3

Lab Hours

0

Quarter Offered

  • As Required