Federal Budgeting, Execution, and Accounting: The Relationship (FINC8300)

Description:

Federal budgeting, execution, and accounting are interrelated functions that work together to support effective financial management in agencies. This course provides an overview of each function and shows the relationship between the three functions. Budget personnel will gain an understanding of the work required to produce accurate accounting information, while accountants will appreciate how budget personnel use accounting data to develop budget estimates and control the use of funds.

Duration:

2 days

Level:

Foundational

Who Should Attend?

Anyone who needs a better understanding of the relationship between the federal budget, execution and accounting functions, including budget personnel, accountants, accounting technicians, program managers, auditors and interns.

Credits:

1.2 CEU's, 16 CPE's

Learning Outcomes:

Describe the relationship between federal budgeting, execution, and accounting Explain how accounting data is used in preparing budgets Distinguish between budgetary and proprietary accounting Use accounting data to control the obligation of funds during budget execution Use budget & accounting terminology correctly

No sessions scheduled

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Other Recommended Courses:

• Introduction to Financial Management (FINC7000)
• Introduction to Federal Budgeting (BUDG7001)
• Introduction to Federal Accounting (ACCT7001)
• Congressional Budget Process (BUDG8175)
• Federal Budget Process (BUDG7103)