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.Duration:
3 days
Level:
IntermediateWho 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 (BUDG7000A).Credits:
1.8 CEU's, 24 CPE'sLearning 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