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FEDERAL PAYMENT MANAGEMENT COURSE FEDERAL PAYMENT MANAGEMENT COURSE

$792.00 (USD)

The Antideficiency Act of 1906, as codified in Title 31 of the United States Code (USC) serves as the primary foundation for the government’s administrative control of funds system. In its current form, the law prohibits:

  • Making or authorizing an expenditure from, or creating or authorizing an obligation under any appropriation or fund in excess of the amount available in the appropriation or fund unless authorized by law;
  • Involving the government in any contract or other obligation for the payment of money for any purpose in advance of appropriations made for such purpose, unless the contract or obligation is authorized by law;
  • Making obligations or expenditures in excess of an apportionment, reapportionment, allotment or sub-allotment.

Federal agencies are required to obligate and spend within the limits set by legal set allotments. Part I of this course will cover the Commitment and Obligation documents which are used to maintain control over Federal funds. Part II will cover the documents used to process receiving, invoicing and vouching. Part III will cover the payment process.

The Federal funding process is carefully regulated and monitored strictly according to law. Deviation from prescribed practices has serious consequences. The authorizations and internal controls that are in place are regularly audited to assure compliance in order to protect the public’s money. 

Anyone interested in participating in Federal financial management needs to be fully aware of all the details of the regulations that govern the process.

Credits: 16
Estimated Length: 16 hour(s)
Valid for: 1 Year(s)

Lessons

Name View Schedule
Online Lesson1. Getting Started -
Online Lesson2. Index -
Online Lesson3. Introduction -
Online Lesson4. Introduction Review -
Online Lesson5. Committing and Obligating Funds -
Online Lesson6. Committing and Obligating Funds Review -
Online Lesson7. Receiving, Invoices and Vouchering -
Online Lesson8. Receiving, Invoices and Vouchering Review -
Online Lesson9. Payments -
Online Lesson10. Payments Review -
Online Lesson11. Final Examination -

Objectives

In this course you will learn how the Law governs:

  • Authorization of expenditures
  • Obligating funds in excess of apportionments and allotments
  • Proper payments
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