FINANCE AND COMPTROLLER SCHOOL Define Obligation Management Given a summary sheet containing Finance and Accounting Policy Implementation and slides With 80 accuracy Identify obligation management obligation management tools and the communication process between accountants and resource ma ID: 778564
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Slide1
Define Obligation Management
FINANCE AND COMPTROLLER SCHOOL
Slide2Define Obligation Management
Slide3Given a summary sheet containing Finance and Accounting Policy Implementation, and slides.
Slide4With 80% accuracy:
Identify obligation management; obligation management tools, and the communication process between accountants and resource managers.
Slide5Obligation Management
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FINANCIAL MANAGEMENT SCHOOL
Slide6Importance of Obligation Management
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FINANCIAL MANAGEMENT SCHOOL
Slide7OBLIGATIONS
FUNDING
DISBURSEMENTS
OBLIGATIONS
Obligation Management Tools
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Slide8Fund Status ECC Reports
Cumulative Fund Status Reports
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Slide9Fund Status ECC Reports
Cumulative Fund Status Reports Cont
.
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Slide10Fund Status ECC Reports Non-Cumulative Fund Status Reports
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Slide11Fund Status ECC Reports Non-Cumulative Fund Status Reports (Cont.)
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Slide12Cumulative Fund Status by
Funds Center (FC) / Commitment Item (CI) Cont.
1.Type ZFSC1 and press enter
2. Type ARMY
3. Click on “Execute” on the Menu bar
4. Click on 202010D** O & M Army
5. Click on Expand “+”
6. Obligation amount for CI 2310
7. Type /N and press enter
Note: **represent current FY
Note: A2ABM is the Fund Center for Fort Jackson
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Slide13Joint Review
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Slide14Resource Managers (RMs)
RMs use historical data to identify patterns.
RMs receive funding and authorize obligations.
Accountants
Accountants control, validate, and record.
Accountants provide reports based on financial records.
Interaction ensures accuracy, completeness, timeliness, reasonableness, and usefulness.
Joint relationship helps recommend policy, procedure, and goal modification.
Accounting & Resource
Management Interrelationships
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Slide15Command Accountability & Execution Review (CAER) Program
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FINANCE & COMPTROLLER SCHOOL
De-obligations
by Category
Amount
“Other” Contractual Services
$1.8B (43%)
Supplies
$1.0B
(24%)
Transportation of Things
$0.7B (17%)
Civilian Benefits
$0.7B (16%)
The Army loses $5B in Purchasing Power every year due to de-obligations
Significant impact on readiness
SECARMY program aimed to overhaul business processes and policy
Problem Scope
Tri-Annual Reviews to include updated KPIs
New Transportation Management System, Supply price stabilization, aged supply action review
Plan of Action
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FINANCE & COMPTROLLER SCHOOL
____________________ is
the systematic process of managing obligations by accountants and resource managers using all available resources.
Obligation rate is ______________
There are
a total of ___ ECC fund status reports
Check on
Learning (Cont.)
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Slide19S T A N D A R D
A C T I O N
C O N D I T I O N
Terminal Learning Objective
With 80% accuracy:
Identify obligation management; obligation management tools, and the communication process between accountants and resource managers.
Given a summary sheet containing Finance and Accounting Policy Implementation, and slides.
Define Obligation Management