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Module 3 – Accounting and Finance

Each core competency requires CDFM candidates to demonstrate proficiency in the knowledge elements for each module.  Below are the elements for Module 3.

Accounting (35%)

  • Basis of accounting for federal funds
  • Federal accounting standards
  • Defense accounting standards
  • Differentiation between proprietary, financial, managerial and cost accounting
  • US Standard General Ledger
  • Types and components of financial statements
  • Roles of key accounting agencies

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Finance (35%)

  • Safeguarding of assets
  • Pay and entitlements
  • Travel entitlements
  • Contract pay
  • Debt management
  • Certifying policies and functions
  • Disbursing policies and functions
  • Currency control

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Auditing (15%)

  • Purpose and authority for audit
  • Comptroller General Auditing Standards
  • Department of Defense standards and policies
  • Role and authorities of audit policy boards
  • Phases of audit

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Fiscal Law (15%)

  • Constitutional authorities
  • Congressional budget resolutions
  • Congressional authorization and appropriation
  • Federal agency authorities
  • Availability of appropriations
  • Availability of revolving funds
  • Reprogramming
  • Continuing Resolutions
  • Anti-Deficiency Act

More info…

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