Developing and maintaining a useful Financial Management Handbook for Department of Defense financial managers

Abstract

The 13-week Financial Management in the Armed Forces and the two-week Practical Comptrollership are two classes offered at the Naval Postgraduate School, Monterey, California. The primary instructional material used for these two courses is the Practical Comptrollership handbook. As new financial management directives and guidance from the Office of Management and Budget (0MB), the Department of Defense (DoD), and the Department of the Navy (DoN) are implemented, financial management in the DoN is modified. The purpose of this research was to update the material contained in the Practical Comptrollership handbook to reflect changes in financial management policies and practices. This research investigated legislation, 0MB, DoD, and DoN directives and budget guidance to incorporate the latest financial management information and processes. This research provides the most up-to-date information currently available to financial managers to assist them in improving the efficiency of financial systems and reduce costs.