Financial Management Training
Description
| Class Details |
| Yes |
| Financial Managers, Program Analysts, CFOs, PCCs, Budget Chiefs, Financial Analysts, Budget Analysts |
| 3 days |
| 18 Credits |
Daily Schedule |
| Check in, breakfast bar |
| Introduction |
| Break |
| Session Two |
| Lunch Break |
| Session Three |
| Closing Comments |
Training class designed to provide financial management personnel with the skills needed to track and manage their
program financial data within the Comprehensive Cost and Requirement (CCaR) System. Training class will
include the CCaR roles and responsibilities of a financial manager, instruction on how to properly maintain
approved funding, create and update forecasts, populate and maintain their execution data, reconcile internal
position data with official accounting data and how to utilize the CCaR reports and tools to produce useful end
products. Hands-on exercises will be conducted throughout the training session to reinforce skills.
Prerequisite
Participants will need to complete the CCaR Essentials course or possess the following knowledge and skills:
- Know the purpose of the CCaR system
- Know how to log into the CCaR System and Change Password
- Know responsibilities within the CCaR system
- Identify the three main modules and the primary function of each
- Recognize the different navigation features and know how to use each of them
- Know how to locate the help file and demonstrate ability to navigate through the contents, index and search sections
- Know the purpose of a CCaR Requirement
- Identify the different budget types used within the CCaR System
- Know the available forecast types and the purpose of each
- Know how to navigate to the CCaR Execution window to display Commitment, Obligation and Expenditure information
- Differentiate between the different types of reports
Agenda
- Opening and Introduction
- CCaR Financial Management Process
- Financial Management Responsibilities
- CCaR Budgets
- Funds Management
- Requirements Management
- Forecasting
- Commitments
- Obligations
- Expenditures
- Reconciliation
- Reporting/Tools
- Closing
Learning Objectives
- Understand the roles and responsibilities of a Financial Manager in CCaR
- Describe the CCaR Financial Management Process
- Differentiate between the CCaR Budget Types and define the use of each
- Effectively populate Approved and Authorized funding and allocate to CCaR Requirements
- Review CCaR Requirements for accurate financial data
- Create and maintain CCaR Record Forecasts
- Create, Update and Locate Funding Documents
- Record CCaR Execution Information (Commitments, Obligations and Expenditures) and explain when it must be updated
- Prepare Financial Management Reports to display budget and execution data
- Generate Business Management Reviews (BMRs)
- Operate CCaR Execution Window and Reconciliation Module to compare Organization Data with DFAS Data
- Understand the purpose of the Reconciliation Module
- Demonstrate ability to link, backfill and allocate transactions in both COE and Travel Reconciliation
- Recognize the functions provided in the DFAS Data Link and when these functions are needed
- Use Looking Glass tool to display DFAS position data
- Describe the purpose of the Reconciliation Issues tool
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