ASMC DEFENSE FINANCIAL MANAGEMENT - ASMC … Training... · Service Motivation Technical...
Transcript of ASMC DEFENSE FINANCIAL MANAGEMENT - ASMC … Training... · Service Motivation Technical...
AGENDA
ASMC – Your Professional Society
The FM Profession
Financial Management Environment
Membership
Certification Programs (ASMC and DoD)
DoD Audit Readiness
ASMC National and Virtual PDI
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ASMC
Non-profit association founded in 1948
Serves DoD and US Coast Guard financial managers
17,521 members, 155 chapters, 68 corporate members
Major offerings
Chapter training programs
Certification program (CDFM)
National / Regional / Local PDIs
Armed Forces Comptroller Journal
Selected training courses (Fiscal Law / Acq)
National Awards Program
Scholarship Program
Leadership Development 3
DEFENSE FINANCIAL
MANAGEMENT PROFESSION
Broad Body of Knowledge
Public Trust / Ethical Standards
Legal Liability
Stewardship of Taxpayer Dollars
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EDFM/CDFM CORE
COMPETENCIES
1. Government Resource Management Environment
2. Fiscal Law
3. Finance
4. Accounting
5. Defense Budget Process
6. Manpower Management
7. Personnel Management
8. Cost and Economic Analysis
9. Internal Controls
10. Business Management Process Improvement
11. Auditing
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DOD FM ENTERPRISE-W IDE COMPETENCIES
(1 – 17 APPLY TO DOD FMCP )
1. Fundamentals & Operations of Finance
2. Fundamentals & Operations of Military & Civilian Pay
3. Payroll Concepts, Policies & Principles
4. Commercial Pay Concepts, Policies & Principles
5. Financial Concepts, Policies & Principles
6. Fundamentals & Operations of Accounting
7. Accounting Concepts, Policies & Principles
8. Accounting Analysis
9. Fundamentals and Operations of Budget
10. Budget Concepts, Policies & Principles
12. Budget Formulation, Justification & Presentation
13. Financial Management Analysis
14. Audit Concepts, Policies & Principles
15. Financial Management Systems
16. Advanced Financial Management
17. Decision Support
18. Audit Planning & Management
19. Audit Reporting
20. Decision Support - Audit Execution
21. Financial Management & Reporting Analysis
22. Financial Reporting
23. Financial Stewardship
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US Government Spending as a Percentage of GDP (Source: FY 2014 Consolidated Federal Financial Report)
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$450
$470
$490
$510
$530
$550
$570
$590
$610
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
FY 2013 PB FY 2016 PB Sequester-Level
PB 16 Base Budget Supports the 2014 QDR StrategySequester-Level Budgets Do Not
($B)
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The FY 2016 President’s Budget is a
Strategy-Driven, Resource-Informed Budget
585574
437468
479
534
601
666666
691687
645
33
583
6
23
3
8
3
71
17
597
* Reflects FY 2013 Enacted level excluding Sequestration
614*
560578 591
Numbers may not add due to rounding
$750
$250
$500
$0FY01 FY02 FY03 FY04 FY05 FY06 FY08FY07 FY09 FY10 FY12FY11 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
287 328 365 377 400 411 431 479 513 528 528 530 495 496 496 534 547 556 564 570
345316
581
166
7391
76116
187 146162 159
115
82 85 6451 27 27 27 27
DoD Topline, FY 2001 – FY 2020(Current Dollars in Billions)
The $27 million shown in FY 2017 through FY 2020 for OCO are placeholder amounts
Base Budget OCO Other
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198.4
663.0
376.5
566.3
388.0
615.9
398.1
751.8
598.8585.3
553.4
0
100
200
300
400
500
600
700
800
50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20
Projections (red bars) assume FYDP plus $26.7 billion annual
placeholders for OCO in years beyond FY 2016
Korea Vietnam Reagan Buildup
Iraq/Afghan
Fiscal Year
(FY 2016 Dollars in Billions)
VietnamFY68-74: -29.9%
Buildup/Cold WarFY86-98: -32.8%
KoreaFY52-56: -42.4%
Total Budget Trends(Including supplemental and OCO funding)
FY10 – FY20:-26%/-$198B
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0%
10%
20%
30%
40%
50%
60%
70%
80%
1950 1960 1970 1980 1990 2000 2010
DoD Outlays as a Percentage of Federal SpendingFY 1950 - FY 2016
Korea57.0%
Vietnam43.4%
FY 2016 : 14.3%
Reagan (1986)
Build Up26.8%
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ASMC MEMBERS(AS OF 1 JUNE 2015)
17,521 (32% of 54,000 Defense FMers)
ASMC Members DoD FMers (53,300)
Army 5,152 (29%) 13,800 (26%)
Air Force 4,446 (25%) 12,000 (23%)
Navy 2,070 (12%)
USMC 615 (4%)
DFAS 1,233 (7%) 8,800 (16%)
DON: 10,100 (19%)
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ASMC MEMBERSHIP
Membership growth campaign (May/June 2013)
Re-established Membership Committee – met four times since May 2014
Renewals Campaign / Outreach to Drops (Sep – Nov 2014)
Top 30 Chapters by Size
Focus on Early Careerists
$26 Annual Membership Fee
ENGAGEMENT AND VALUE
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DOD FM CERTIFICATION PROGRAM
Approved in FY 2012 NDAA
Skill levels: 1, 2, and 3
Two years to complete at each level
Specific course based requirements
Additional test-based certification encouraged
Bachelor and advanced degrees encouraged
Continuing Education and Training Units
required after completion: 40 / 60 / 80 at Levels
1 / 2 / 3, respectively
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Establish a framework to guide DoD FM professional development
Intent is to make a good FM workforce even better!
• Establish a mechanism to encourage key training in
Audit Readiness
Decision Support/Analysis
• Encourage career broadening and leadership
• Transition to a more analytic orientation
• Ensure financial management workforce has knowledge, skills, and abilities
necessary to achieve auditable financial statements
Course-based rather than test-based
Based on FM and Leadership Competencies
Purpose of DoD FMCP
https://fmonline.ousdc.osd.mil/ 18
Applicable to DoD Civilians and Military in the DoD FM Workforce
DoD FM Workforce includes personnel who are assigned to FM
designated positions:
—Civilians in the 05XX Occupational Series;
—Civilians who perform financial management tasks, but are not in the
05XX Occupational Series;
—Military members in FM Occupational Specialties;
—Military members who perform financial management tasks, but are not
in FM Occupational Specialties.
All FM positions will be coded Level 1, Level 2, or Level 3
No Grandfathering—no incumbent DoD FM members receive
Certification “automatically;” all must achieve Certification
Two years to achieve certification
DoD FMCP Applicability
https://fmonline.ousdc.osd.mil/ 19
Flexibility Integrity/Honesty Interpersonal SkillsResilience Customer Service Oral CommunicationContinual Learning Problem Solving Written CommunicationService Motivation Technical Credibility Mission OrientationComputer Literacy
Team BuildingAccountability
DecisivenessInfluencing/Negotiating
DoD Mission and Culture
Human Capital ManagementLeveraging Diversity
Conflict ManagementDeveloping Others
DoD Corporate PerspectiveNational Security Foundation
Technology ManagementFinancial Management
Creativity and InnovationPartnering
EntrepreneurshipNational Defense Integration
National Security Environment
VisionExternal Awareness
Strategic ThinkingPolitical Savvy
Global PerspectiveNational Security Strategy
Lead the
Institution
Lead Self
Lead Teams/Projects
Lead People
Lead Organizations/
Programs
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DoD FM Certification Requirements at each of three Levels:
– Training in FM Competencies (course-based)
– Training in Leadership Competencies (course-based)
– Other Required Courses
– FM Experience / DoD FM Experience
– Developmental Assignment (Level 3)
– Continuing Education and Training (CET)
Encourages:
– Formal Education and FM Test-Based Certification (Levels 2 and 3)
21https://fmonline.ousdc.osd.mil/
FM Certification Requirements
Foundation Built on DoD FM Competencies
FM Certification Equation: Level 1
FM
Competencies
Course
Hours
Financial Management Systems* 6
Decision Support* 4
Fundamentals and Operations of [X]
[Accounting, Budget, Finance, or
Military and Civilian Pay]*6
Aligned Courses on FM myLearn
Leadership
Competencies
Lead Self Level 6 Aligned Courses will be on FM
myLearn
DoD FM 101 Course** 24
At Least 2 Yrs DoD FM Experience
FM Certification Level 1
+
+
+
* Proficiency Level 1** Six of the twelve modules may be waived with the exception of Audit Readiness
40 CETs every two years
https://fmonline.ousdc.osd.mil/ 22
Total Course Hours 46
DoD FM 101 Modules
Course: DoD FM 101 for Level 1 Modules* Course Hours
Introduction to DoD 1
Accounting 2
Finance 2
Budget 3
Audit Readiness 3
Fiscal Law 2
Ethics 1
PPBE 2
Auditing 2
Analysis/Decision Support 2
Acquisition/Contracting 2
Cost Analysis 2
*Six of the twelve modules may be waived with the exception of Audit Readiness
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FM Certification Equation: Level 2
FM
Competencies
Course
Hours
Financial Management Systems* 8
Decision Support* 8
Accounting Analysis OR Financial Mgt
Analysis*10
Budget Formulation, Justification and
Presentation OR Budget Execution*10
Concepts, Policies and Principles of [X]*
[Accounting, Audit, Budget, Finance,
Commercial Pay, or Payroll]10
Fundamentals and Operations of [Y]
[Accounting, Budget, Finance, or Military
and Civilian Pay]**6
Aligned Courses on FM myLearn
Leadership
Competencies
Lead Teams/Projects Level 10
Aligned Courses will be on FM
myLearn
Audit Readiness + Fiscal Law Course + Ethics Courses 9
At Least 4 Yrs FM Experience Required (2 years Must be DoD FM Experience)
FM Certification Level 2
+
+
+
* Proficiency Level 3 ** Proficiency Level 1
+ [Recommended] At Least One 3-month Developmental Assignment + [Recommended] Work towards Bachelor’s Degree+ [Recommended] Completion of one of the DoD-approved
Test-Based Certifications
60 CETs every two years
https://fmonline.ousdc.osd.mil/ 24
Total Course Hours 71
FM Certification Equation: Level 3
FM
Competencies
Course
Hours
Financial Management Systems * 4
Decision Support * 10
Accounting Analysis AND Financial Mgt
Analysis *12
Budget Formulation, Justification and
Presentation AND Budget Execution *12
Advanced Financial Management * 12
Concepts Policies and Principles of [Y]
[Accounting, Audit, Budget, Finance,
Commercial Pay, or Payroll] **10
Leadership
Competencies
Lead People Level 12
Audit Readiness + Fiscal Law Course + Ethics Courses *** 9 At Least 8 Yrs FM Experience Required(2 years Must be DoD FM Experience)
FM Certification Level 3
++
+
+ [Strongly Recommended] Work towards Master’s Degree+ [Strongly Recommended] Completion of one of the DoD-approved
Test-Based Certifications 80 CETs every two years
At Least One 3-month Developmental Assignment
+* Proficiency Level 5** Proficiency Level 3*** Higher Proficiency Level Course
https://fmonline.ousdc.osd.mil/
Aligned Courses on FM myLearn
Aligned Courses will be on FM
myLearn
Total Course Hours 81
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DoD FM LMS Requirements
A Sharable/Content Object Reference Model (SCORM) & Section 508
Compliant System that Facilitates:
• Administration / Oversight / Validation / Auditability
Documents/Tracks:
• Required Course Curricula for Your Positions
• Achievement of Certification Requirements
• Documentation of Certification Requirements
• Achievement of Required # Years Work Experience
• Achievement of Developmental Assignment (Level 3)
• Continuing Education and Training (CETs)
Tracks Progress from Reporting to Validation
Hosts/Launches OUSD(C) Developed Web-Based Courses
Documents Waivers if Applicable
Applicable to both Civilian and Military
https://fmonline.ousdc.osd.mil 26
BENEFITS OF CDFM
Solid foundation in support of DoD and US Coast Guard financial management communities
Knowledge of defense financial management
Greater confidence on the job
Enhanced credibility and employee value
Portable & tangible indicator of experience and knowledge
Continuing education requirement
EDFMT – Credit toward DoD FMCP
Level 1: 8 hours; Level 2: 32 hours
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Enhanced Defense Financial Management Training CourseFM MyLearn Course Description: FMF2512 – Jul 12
Course Length: 40 hours
Aligned FM Competencies Certification Level
ProficiencyLevel
AlignedHours
Accounting Concepts, Policies and Principles 2 3 6
Audit Concepts, Policies and Principles 2 3 3
Budget Concepts, Policies and Principles 2 3 8
Budget Execution 2 3 5
Budget Formulation, Justification and Presentation
2 3 4
Decision Support 1 1 5
Financial Concepts, Policies and Principles 2 3 4
Financial Management Analysis 2 3 2
Fundamentals and Operations of Budget 1 1 3
Certification Level 1 Total Certification Level 2 Total
8 Hours 32 Hours28
ACTIVE CDFMS(AS OF 1 JUNE 2015)
7,165 CDFMs (13% of 54,000) (1,762 CDFM-A)
CDFMs DoD FMers
Army 2,114 (30%) 26%
Air Force 1,734 (24%) 23%
Navy 906 (13%)
USMC 252 (4%)
DFAS 361 (5%) 16%
DON: 19%
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CDFM INITIAL
REQUIREMENTS
Ethics - read and agree to abide by ASMC’s Pledge of Professionalism
Education - High School Diploma or equivalent
Examination - pass three CDFM examination modules
Experience -
No degree - have at least three years in defense-related FM
Degree (associate or higher) - complete at least two years of defense-related FM
If no defense-related FM - have at least four years of federal government -related FM
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CDFM CERTIFICATION PROCESS
Step 1 – Adhere to ASMC Pledge of Professionalism
Step 2 - Enroll in CDFM Program
Step 3 - Submit Verification of Financial Management Experience Form
Step 4 – Purchase CDFM examinations (3 Modules)
Step 5 – Schedule CDFM examinations
Step 6 - Prepare for CDFM examinations
Step 7 – Pass CDFM examination
Step 8 - Renew certification every two years
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CDFM COST / MAINTENANCE
Earning the certification
Enrollment fee - $40 members$75 non-members
Examination fee - $99 per exam
Maintaining the certification
Renewal fee - $25 members$45 non-members
80 CPEs every 2 years (incl 2 Ethics); at least 20 in each year
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Certified Defense Financial Manager™ (CDFM®)- Enrollment fee @ $35/$70 (ASMC member/non-member)- 3 exams @ $95 each - Renewal fee @ $20/$40 (ASMC member/non-member)
Certified Public Accountant (CPA)
- Application fee ranges from $50-$150 (established by Board of Accountancy)
- 4 exams @ average $200 each (fee depends on section of exam and jurisdiction)
- Additional fee required for CPA license (issued at jurisdiction level)
Certified Government Financial Manager® (CGFM®)- Application fee @ $85 - 3 exams @ $109 each
Certified Public Finance Officer (CPFO)- 5 exams @ $295 for first exam and $145 each for remaining four
CERTIFICATION PRICING
COMPARISON
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PREPARATION FOR CDFM
Start with www.asmconline.org
Preparation options
Enhanced Defense Financial Management Training Course (EDFMTC)
Pre-PDI workshops
Refresher courses
Self-Study (not an option – a must)
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CERTIFICATION FOCUS
Focus on enrollees who have not completed CDFM
Survey - Mod 2 Budget and Cost Management
Refresher Course
Exam Update Project
Textbook Update
“Live, on-line, instructor led” training
Virtual presentation (Mod 1.1)
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The Big Picture…
…and Challenge
HISTORY OF AUDIT EFFORTS TO DATE
The Financial Audit Requirement and DoD Approach
FIAR Office Established
2005
1994
Initial Priorities Established
2009
2014
Pre-2009
Audit emphasis largely within only the
comptroller organizations
Post-2009
Audit efforts involve all functional areas
enterprise-wideInitial DoD Efforts Begin
FY 2014 Statutory Direction
Achieve Audit Readiness
of General Fund Statement of
Budgetary Resources (SBR)
2017 FY 2017 Statutory Direction
Achieve Full
Agency Financial Statement
Audit Readiness
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ASMC PDI 2015(27 – 29 May 2015)
Feedback: GREAT TRAINING & PROFESSIONAL
DEVELOPMENT!!!
2500 Participants
120 - CDFM Prep Training and CDFM Testing
Training Content:
General Sessions
Service Day
19 Mini-courses & Workshops
Up to 21 CPEs/CETs
ASMC National Awards Program
Included Access to Virtual PDI 2016 37
ASMC PDI 2016(1-3 June 2016)
Orlando, FL Host Chapter - Central Lightning
Chapter Tampa Bay, Greater Jacksonville, and
Space Coast Chapters supporting
CDFM Prep Training and CDFM Testing
Training Content:
General Sessions
Service Day
Mini-courses & Workshops
Up to 21 CPEs/CETs
ASMC National Awards Program
Will Again Include Access to Virtual PDI 201538
VIRTUAL PDI 2015
Audio recording including (19 Mini-Courses / approx 50 workshops)
Approx 100 hours of content and CPEs
available
Cost: Individual $99 (Approx $1/CPE)
V-PDI for Chapters ($249)
CPE management tool
Note: V-PDI Mini-course content provides CPEs; but does not
provide “direct credit” toward meeting requirements of DoD
FMCP39