Introduction to Federal Budgeting (BUDG7001)

Rising Hands

Introduction to Federal Budgeting

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).

Duration:

3 days

Level:

Foundational

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.

Credits:

1.8 CEU's, 24 CPE's

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

No sessions scheduled

Bring This Class To My Location

Other Recommended Courses:

Day one of three

  • Federal Budget Overview
    • Purposes of the Federal budget
    • Key budget legislation
    • Flow of budget authority
    • Types of appropriations

     

  • Organizational Budget Overview
    • Request for budget authority
    • Control Spending
    • Accountability
    • Productivity analysis

 

Day two of three

  • Government Performance and Results Act
    • Overview and definitions
    • Performance measurement
    • Setting goals and objectives

     

  • Budget Formulation
    • Major events in the formulation process
    • Application of object classes
    • Budgeting steps for appropriated fund budgets
    • Budgeting steps for revolving fund budgets

 

Day three of three

  • Budget Execution
    • Major events during execution
    • Other important execution processes
    • Checklist for modifying budget

     

  • Budget Justification
    • Purpose
    • Understanding OMB guidance
    • Contents of a budget justification
    • Writing a budget justification

     

  • Review Quiz

Get in Touch!

questions icon

Have a Question?

We're here to help. Send us an email or call us at 1 (888) 744-4723