Operating Status
Fully Operational
This is the area of Business concerned primarily with the total financial affairs of an organization, department, or program and the translation of actions past, present, and proposed into meaningful and relevant information for use in management. It includes the functions of budgeting, accounting, reporting, and the analysis and interpretation of the financial significance of past events and future plans. It sometimes also includes other related functions such as internal auditing, management analysis, and others. It is not primarily concerned with the technical procedures and methodology of those individual functions.
This continuous learning module will explain Should-cost management and its vital role in the implementation of Better Buying Power 3.0 across Department of Defense acquisition, from contract negotiations to sustainment. The module also includes explication of critical thinking skills and their application to Should-cost management.
Currently, DoD has approximately 90 percent of its General Fund FY 2015 budgetary resources under audit. Personnel in areas such as acquisition, human resources, logistics, maintenance, and facilities management are being called upon to strengthen their internal controls, processes, and systems while also supporting the warfighter
A new Change 2 to DoDI 5000.02 effective February 2, 2017