NAF Financial Management

Course Type: Virtual
Course Code: vFM

Course Description: This course provides the practical hands-on experience necessary to recognize and apply financial management processes required to successfully operate a non-appropriated fund (NAF) program. This Virtual Course will apply Family and MWR financial management processes to increase student proficiency in Interpreting regulations and operating guidance, analyzing income statements, calculating and identifying labor and other operating expenses, and formulating an annual operating budget (AOB).

Course Details:

• Target Audience: Family and MWR Program Managers
• Prerequisites: Family & MWR Orientation Course (Online), Family and MWR Basic Management Course (Online), Operation Excellence – Online or Classroom Customer Service Training. Also recommended: Applied Financial Planning Suite  (Income Statement Analysis; Breakeven Analysis; Forecasting);  Family and MWR Budgeting Process (Online); Entering Budget Data into Financial Management Budget System (FMBS) (Online).
• Duration: 8  online sessions will be conducted through Microsoft Teams. Your instructor will email you instructions for how to access the Teams virtual classroom. Each session is two and a half (2.5) hours in length.
• Estimated hours of Pre-work/Homework: 19 hours
• IACET CEUs: 3.0
• ACE Recommended Credits: In the upper division baccalaureate degree category, 3 semester hours in Financial Management.