The Future of Defense Financial Management and You

January 5, 2018 | Author: Anonymous | Category: Business, Management
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T HE F UTURE OF D EFENSE F INANCIAL M ANAGEMENT AND YOU Presented to the ASMC Yankee Chapter By Alvin Tucker, CDFM-A August 16, 2012

P ROFESSIONAL O VERVIEW  Your profession is Defense

Financial Management  Specific Body of Knowledge  Ethical Standards  Public Trust  Legal Liability

C ORE C OMPETENCIES FOR D O D F INANCIAL M ANAGEMENT 1.

2.

Government Resource Management Environment Manpower Management

3.

Personnel Management

4.

Management’s Responsibility for and Internal Controls

5.

Defense Budget Process

6.

Cost and Economic Analysis

7.

Business Management Process Improvement

8.

Fiscal Law

9.

Finance

10.

Accounting

11.

Auditing

ASMC

IS YOUR

P ROFESSIONAL S OCIETY 

Non-profit association founded in 1948



Serves financial managers in: 



Today has about 20,000 members 



Five military services and defense agencies

150 chapters, 78 corporate members

Major offerings 

National PDI and regional PDIs



Chapter training programs



Certification program (CDFM)



Professional journal



Selected training courses

W HAT’ S H APPENING N OW ? 

OMB policy on “Conferences”



DoD course-based certification



Virtual PDI



Sequestration



Audit Readiness

GSA S CANDAL 

300 Feds go to Las Vegas in October 2010



Spent $822K: Planning $136K, Conference $686K



Failed to follow contracting regulations



Incurred excessive and impermissible costs for food



Incurred impermissible and questionable miscellaneous expenses



Planning goal: make it “over the top”

FALL O UT 

President’s Executive Order, Nov 9, 2011 

20 % reduction in travel in FY 2012 vs. FY 2010



IG Report on GSA Conference, April 2, 2012



Sen. Coburn (R-OK) amendment to Postal Reform



OMB memo, May 11, 2012 

Reduce FY 2013 travel by 30% vs. FY 2010



Over $100K needs higher level approval



$500K prohibition, but it can be waived

I MPACT

ON

ASMC



PDI and Mini-PDI’s qualify as “conferences”, especially if held in commercial facilities



Costs for approval parameters include: fees, food, lodging, transportation paid by Government



Presently, approval levels at DCMO and DepSecDef



Approval levels may change after the 1st round



Greater reliance on Virtual PDI

V IRTUAL PDI 

Began with PDI 2012



Presently 1,184 paid participants



73 workshops and interviews on line



CPE available



CPE management tool

COURSE-BASED CERTIFICATION •

Approved in FY 2012 NDAA      

Pilot begins October 1, 2012 (FY 2013) Three skill levels: • Basic, Intermediate and Advanced Specific course requirements Continuing Professional Education (CPE) Certification encouraged Bachelor and advanced degrees encouraged

S EQUESTRATION 

$1.2 Trillion over ten years 

50% to National Security, or $600 B



For DoD, about $50 Billion a year



Percentage reductions by appropriation title



President can exempt Military Pay



No programmatic discretion



Happens January 2, 2013

S EQUESTRATION ( CONT ’ D ) 



Good News: 

“It can’t be allowed to happen” - DoD leaders



“It won’t happen” – Congressional leaders

Bad News: 

Decision deferred until after the election

I SSUES FOR A L AME D UCK C ONGRESS 

Debt limit increase



Extension of Bush tax cuts



Continuing resolution



AMT fix



Doc fix



Sequestration



Extension of payroll tax reduction

A UDIT R EADINESS 

Assert audit readiness for Statement of Budgetary Resources (SBR) by end CY 2014



Begin audit of SBR in FY 2015



Achieve clean audit opinions on all DoD FY 2017 financial statements

A UDIT R EADINESS ( CONT ’ D )



Provide more audit readiness training in the EDFM course



Develop an audit readiness training package for alternative delivery methods

W HAT ’ S

HAPPENING WITH YOU ?

 Sharpen skills

 Stay flexible  Be mobile  Get more training

 Diversify  Certification

H ELP Y OU S TAND O UT 

Test-based Certification 



Certified Defense Financial Manager

Enhanced Defense Financial Management Training Course 

3 College Credits (undergraduate or Graduate with research paper)



ASMC awards

H ELP Y OU B E 

A

L EADER

Leadership opportunities 

In your ASMC chapter



In community service

CDFM

R EQUIREMENTS •

Complete four years of federal government related financial management experience with an Associate degree or higher), or



Complete three years of Defense related financial management experience (without degree), or



Complete two years of Defense related financial management experience an Associate degree, or higher.

O THER T RAINING IN FY 2013 

Enhanced Defense Financial Management (EDFM) – 5-day training course



Acquisition module – 2-day course



Audio Conferences





Refresher courses for CDFM modules



Six other offerings during the year

Fiscal Law 

1-,2-,3-day courses on-site

PDI 2013 D ENVER C ONVENTION C ENTER Monday, May 27 – CDFM Review Courses, Module 4 Acquisition (2day) Tuesday, May 28 – CDFM Review, Testing, MicroSoft Training

Wednesday, May 29 – Official Opening, Service Day, General Session Thursday-Friday, May 30 – May 31 Over 100 Workshops, 7 Mini-Courses, General Sessions

A SSESSMENT R ESULTS 

Members value ASMC – 65% rated high, 6% low



ASMC professional development – 87% hi, 2.5% low



Member loyalty – 83% likely to renew, 5% not



Recommend to colleagues – 78% likely, 5% not



PDI – 74% highly satisfied

WHAT OUR MEMBERS WANT 

Attract new and younger members



Focused education or certification – contracting and audit



Virtual PDI capability



More support for chapters: 

National instructors for chapter meetings



Speaker identification

ASMC F IVE -Y EAR P LAN 

NEC approved in June 2011 

Improve communications



Develop a virtual PDI



Better Chapter outreach



Provide more educational offerings

F IVE -Y EAR P LAN G OALS 

Increase membership to 50% of FM workforce



Increase active CDFM’s to 15% of FM workforce



Achieve 75 Five-Star Chapters



Attain 2,000 participants in virtual PDI



Develop a stronger image outside the FM community

ASMC W EBSITE

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