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
Finance (35%)
- Safeguarding of assets
- Pay and entitlements
- Travel entitlements
- Contract pay
- Debt management
- Certifying policies and functions
- Disbursing policies and functions
- Currency control
Auditing (15%)
- Purpose and authority for audit
- Comptroller General Auditing Standards
- Defense Department standards and policies
- Role and authorities of audit policy boards
- Phases of audit
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