Shared Flashcard Set

Details

FM Block III PE 3a
Financial Management Officer Course
12
Finance
Post-Graduate
05/01/2013

Additional Finance Flashcards

 


 

Cards

Term

AF FM CoE

Air Force Financial Management Center of Expertise

Definition
The _____ provides expert, on-demand, specialize financial analysis for decision support to Air Force installations and MAJCOMs.
Term

1.  Provide clear, unbiased analysis to financial management customers at the Base and MAJCOM level

2.  Provide expert on-the-job training (OJT) to financial managers that enriches their ability to provide analysts support on critical resource allocation decisions

3. Provide timely on-call analytical support to Base/MAJCOM comptroller or complex financial analysis projects

Definition
What is the CoE's three-fold mission?
Term

Economic Analysis

Business Case Analysis

 

Customized Analysis

- BRAC/Mission Change analysis

- A-76 Studies

Benefits and Risk Analysis

Economic Impact Analysis

Leave vs Analysis

Non-Appropriated Funds (NAF) Studies

 

Definition
What tools does the CoE employ to provde commanders improved decision support?
Term

Denver, Colorado

 

Easy access to any installation in the US

Communication to customers on the East/West Coast over phone/video conferences

Definition
Where is the CoE strategically located? And why?
Term

Authorizations

Workyears

Average Costs

Definition
What does the basic method for developing civilian personnel requirements involve?
Term

Overtime

Over-hire

Temporary Hiring

Definition
What cost drivers may be considered civilian costs?
Term

Temporary Duty (TDY)

 

Per Diem

Transportation

Reimb Expense

Definition
Transportation of people is known as  _____  _____.
Term
shipment of property such as supplies and equipment from one Air Force activity to another
Definition
What is transportation of things?
Term
Decison making
Definition
_____ relates to duties that support leadership at all levels in the decision making process.
Term

1.  Issue Identification - most important method,

2.  Analysis - analyze the problem

3.  Development of Alternatives -

4.  Evaluation of Alternatives - determine which one best address the issue

5.  Recommendation - advisory in nature, as to course of action to take

6.  Decision - commander makes decision based on your effort

7.  Implementation - carry out the commander's decision

8.  Continuous Evaluation - did decision achieved the desired results the commander expects

Definition
List the steps in the Decision Support Model.
Term

Civilian Employment and Cost Management Committee

CECMC

Definition
What committee is formed by and functions at the direction of the wing commander to manage the local civilian personnel program.
Term

Civilian Personnel

Manpower and Organization

FMA

Group & Wing Staff

 

Definition
Who are the representative of the Civilian Employment nd Cost Management Committee (CECME)?
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