Provide Financial Management Support

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Presentation transcript:

Provide Financial Management Support G8 METL Progression Current Individual Training Collective Training WFX 16-2 (13-22 NOV) WFX 16-4 (5-15 APR) Assessment Reference ART 4.2.2 Provide Financial Management Support Current Projected Assessment T MET#1 (ART 4.2.2.1) Fund the Force 14-8-8032 Conduct Resource Management Operations T- MET#2 (ART 4.2.2.2.2) Provide Procurement Support 14-8-8033 Account for Theater Resources MET#3 (ART 4.2.2.4) Provide Accounting Support and Cost Management 71-8-4226 Conduct Resource Management P P+ MET#4 (ART 4.2.2.5) Conduct Financial Management Planning and Ops 14-8-8031 Plan Theater Resource Management Operations 14-8-8034 Execute Management Internal Control Program Funding the force contributes significantly to support the Army’s primary role in defense—the application of land power. Fund the force matches legal and appropriate sources of funds with thoroughly vetted and valid requirements. It provides flexibility through nonlethal methods to augment and, in some cases, lead the effort in obtaining the effects the commander is trying to achieve. (FM 1-06) Provide Procurement Support As a critical component of the fiscal triad, financial management provides both funding for validated requirements and payments for contracted goods and services. This support ensures that all required documents are available and accurate prior to unit submitting for payment. It also includes support to the commander by training, funding, and clearing pay agents. (FM 1-06) (USAFMS) Provide Accounting Support and Cost Management The Army relies on the financial management community to ensure fiscal stewardship of the public funds entrusted to execute its assigned missions. Financial managers provide expert fiscal analysis based on accurate financial data. Accounting is the act of receiving, controlling, validating, recording, classifying, and summarizing transactions in terms of money, analyzing and interpreting those transactions, and reporting the operating results and related resource management information to higher headquarters. The cost management process is the accurate measurement and thorough understanding of the full cost of an activity’s processes, products, and services that support leaders’ decision making and fiscal stewardship thereby maximizing the effectiveness and efficiency of the activity’s operations. (FM 1-06) (USAFMS) Conduct financial management planning and operations enables units to perform and coordinate functions and activities needed to conduct and sustain financial management operations. This may include planning and mission preparation, staff coordination, and establishment and operations of financial management data nodes. (FM 1-06) (USAFMS) POC: CPT Joy L. Crenshaw 910-432-1883 As of 22 MAR16