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Introduction to Federal Budgeting - BUDG7001D001

Description

Gain a solid foundation in the principles and concepts of the federal budget process. In this first of six core budget courses, become familiar with the basic concepts of federal budgeting. Learn the fundamentals of preparing and modifying a budget; the key players and their roles; appropriation types and their distinctive characteristics; the four phases of budgeting; and the purpose of midyear reviews.

This course is part of the Master Certificate in Federal Financial Management (MCFFM).

This course aligns with the following DoD Financial Management Competencies:

DoD FM CompetencyProficiency LevelHours
Concepts, Policies, and Principles of Budget3 4
Budget Formulation, Justification, and Presentation 3 8
Fundamentals and Operations of Budget112

Who Should Attend?
Budget, program and administrative technicians, analysts, officers and managers; accountants and accounting technicians; and auditors, financial analysts, interns/trainees and management analysts who would like to better understand the federal budget process.

Level: Foundation

This course contains practical case exercises that can be completed using Microsoft Excel. If available, please bring a laptop containing Excel software to class with you. If you do not have access to a laptop, or you do not have a basic knowledge of Excel, the exercises can be completed using a hand calculator.

Learning Outcomes:

  • Describe the federal budget process
  • Use budget terminology correctly
  • Apply budget concepts and techniques to your programs
  • Identify the key elements of a performance budget
  • Track and analyze costs to ensure budget compliance

Course Outline:
Please click here to view course outline.

 

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