Non-Defense Working Capital Funds (FINC9250)

Description:

Learn the goals, roles and activities of Working Capital Funds (WCF) and how they function in the Federal Government including policies, procedures, concepts and terms. Utilize a revolving fund concept in designing a business-like enterprise to operate within civilian Federal agencies.

Who Should Attend?

Financial Managers, Program Managers and other personnel who need a comprehensive understanding of Working Capital Funds managed within civilian Federal agencies, including policies, procedures, concepts, and terms. Participants should be familiar with budget principles as taught in Introduction to Federal Budgeting (BUDG7001A) and Federal Budgeting for Non-Budgeting Personnel (BUDG7000).

Tuition:

$1,049.00

Credits:

24.0 CPE's

Class Type: 

This course is currently being offered in the following training modalities:

• Online
  • Virtual Instructor-Led - FINC9250A
    • Class Length: This class is listed as a 3 day course.
• On-site
  • Contact our Business Development department for more information.

Learning Outcomes:

• Analyze revolving fund financial statements and how they relate to your agency’s fiscal condition
• Distinguish between direct and indirect costs and various other cost categories
• Prepare a well-documented cost center budget for your organization
• Understand the various types of customer orders
• Implement the objectives of the Rate Stabilization Program and develop rates
• Manage direct and indirect costs effectively for your organization
• Learn the goals and financial objectives of Working Capital Funds within your agency
• Understand the cycle of operations within revolving funds
• Utilize the methods of cost accounting in a Working Capital Fund
• Know the budget process for revolving funds in your agency