Subject: 

Financial Management Competency Study

In 2008, the U. S. Office of Personnel Management (OPM) partnered with the Chief Human Capital Officers (CHCO) Council to prioritize occupations for future Governmentwide competency fashions. Together, we identified financial-related occupations as a pinnacle priority. Changes in era, economic standards and structures, and duties beneath the American Recovery and Reinvestment Act (ARRA) have located new and increasing needs on the economic control body of workers, highlighting the significance of this initiative.

During FY2009, we conducted a Governmentwide observe to become aware of critical abilities for five financial management occupations, operating carefully with the Chief Financial Officers Council Human Capital Task Group and the Budget Formulation and Execution Line Of Business Group. Subject be counted professionals provided key insights, and employees and supervisors across the Government finished surveys to paint a complete photograph of financial management work in the Federal Government.

We are thrilled to offer the attached competency take a look at outcomes. Agencies can start using the talents without delay in hiring financial management personnel. In addition, we inspire accelerated use of the abilties throughout all human sources efforts, consisting of team of workers making plans, training and development, and overall performance control, for a complete technique to building and maintaining a first-class monetary management staff.

Thank you to your continued aid of this critical mission. If you have any questions regarding the competency model, please touch Andrea Bright, Manager of the Standards, Competencies, and Assessment Development Group at (202) 606-3600, or electronic mail competency@opm.gov.

Attachment

<%: Human Resources Directors

Competency Model for Financial Management Occupations

The following tables gift the capabilities that have been showed as appropriate for selection on a Governmentwide foundation for the 5 occupations supplied below. Agencies might also use those abilities to pick out applicants with out additional process evaluation for the occupations and grades indicated in the following tables. Agencies are accountable for accumulating process analysis facts to guide using abilties for different occupations and/or grades. Please confer with OPM’s Delegated Examining Operations Handbook for greater records on carrying out a activity evaluation.

Occupations and Grades with Confirmed Competencies

OccupationsGrades0501 Financial Administration and Program Series7, nine, 11, 12, 13, 14, 150505 Financial Management SeriesNo grade stage data available0510 Accounting Series9, 11, 12, thirteen, 14, 150511 Auditing Series7, nine, eleven, 12, 13, 140560 Budget Analysis Series9, eleven, 12, thirteen, 14

501 Financial Administration and Program Series

General CompetenciesGrade 7Grade 9Grade 11Grade 12Grade 13Grade 14Grade 15

Accountability

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Decision Making

External Awareness

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

External Awareness

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

External Awareness

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Managing Human Resources

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Technical CompetenciesGrade 7Grade 9Grade 11Grade 12Grade 13Grade 14Grade 15NoneNone

Compliance

Legal, Government and Jurisprudence

Compliance

Control of Funds

Financial Analysis

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Principles of Finance

Compliance

Control of Funds

Financial Analysis

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Compliance

Control of Funds

Financial Analysis

Internal Controls

Compliance

Control of Funds

Decision Support

Financial Analysis

Internal Controls

Legal, Government and Jurisprudence

Performance Measurement

Principles of Accounting

Principles of Finance

Risk Management

510 Accounting Series

General CompetenciesGrade 9Grade 11Grade 12Grade 13Grade 14Grade 15

Accountability

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Self-Management

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Managing Human Resources

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Teaching Others

Teamwork

Technical Competence

Writing

Technical CompetenciesGrade 9Grade 11Grade 12Grade 13Grade 14Grade 15

Accounting Operations

Control of Funds

Internal Controls

Principles of Accounting

Accounting Operations

Compliance

Control of Funds

Internal Controls

Principles of Accounting

Accounting Operations

Compliance

Control of Funds

Financial Systems

Internal Controls

Principles of Accounting

Principles of Finance

Accounting Operations

Auditing

Compliance

Control of Funds

Cost Accounting

Financial Analysis

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Principles of Accounting

Principles of Finance

Accounting Operations

Audit Reporting

Auditing

Compliance

Control of Funds

Cost Accounting

Federal Funds Processing

Financial Analysis

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Principles of Accounting

Principles of Finance

Risk Management

Accounting Operations

Compliance

Federal Funds Processing

Financial Analysis

Financial Systems

Internal Controls

Principles of Accounting

Risk Management

511 Auditing Series

General CompetenciesGrade 7Grade 9Grade 11Grade 12Grade 13Grade 14

Accountability

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Decision Making

Flexibility

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Decision Making

Flexibility

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Self-Management

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Planning and Evaluating

Problem Solving

Project Management

Reading

Reasoning

Resilience

Self-Management

Teaching Others

Teamwork

Technical Competence

Writing

Technical CompetenciesGrade 7Grade 9Grade 11Grade 12Grade 13Grade 14

Audit Reporting

Auditing

Financial Systems

Principles of Accounting

Accounting Operations

Audit Reporting

Auditing

Cost Accounting

Financial Systems

Internal Controls

Principles of Accounting

Accounting Operations

Audit Reporting

Auditing

Cost Accounting

Internal Controls

Principles of Accounting

Accounting Operations

Audit Reporting

Auditing

Cost Accounting

Internal Controls

Principles of Accounting

Accounting Operations

Audit Reporting

Auditing

Compliance

Internal Controls

Legal, Government and Jurisprudence

Principles of Accounting

Accounting Operations

Audit Reporting

Auditing

Compliance

Internal Controls

Legal, Government and Jurisprudence

Principles of Accounting

560 Budget Analysis Series

General CompetenciesGrade 9Grade 11Grade 12Grade 13Grade 14

Accountability

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Customer Service

Decision Making

Flexibility

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Conflict Management

Creative Thinking

Customer Service

Decision Making

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Accountability

Administration and Management

Arithmetic

Attention to Detail

Computer Skills

Creative Thinking

Customer Service

Decision Making

External Awareness

Flexibility

Influencing/ Negotiating

Information Management

Integrity/Honesty

Interpersonal Skills

Leadership

Learning

Mathematical Reasoning

Oral Communication

Organizational Awareness

Partnering

Planning and Evaluating

Problem Solving

Reading

Reasoning

Resilience

Self-Management

Strategic Thinking

Teaching Others

Teamwork

Technical Competence

Writing

Technical CompetenciesGrade 9Grade 11Grade 12Grade 13Grade 14

Accounting Operations

Budget Administration

Compliance

Control of Funds

Financial Systems

Internal Controls

Principles of Accounting

Principles of Finance

Budget Administration

Compliance

Control of Funds

Federal Funds Processing

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Principles of Accounting

Principles of Finance

Accounting Operations

Budget Administration

Compliance

Control of Funds

Federal Funds Processing

Financial Analysis

Financial Systems

Principles of Accounting

Principles of Finance

Budget Administration

Compliance

Control of Funds

Federal Funds Processing

Financial Analysis

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Principles of Finance

Budget Administration

Compliance

Control of Funds

Federal Funds Processing

Financial Analysis

Financial Systems

Internal Controls

Legal, Government and Jurisprudence

Principles of Finance

Competency Importance Rankings

The desk below presents the rank order of the 20 most important competencies on contemporary importance and future significance in three years primarily based on manager and worker ratings.

CompetenciesCurrent ImportanceFuture ImportanceIntegrity/Honesty11Attention to Detail22Oral Communication33Reading46Interpersonal Skills55Self-Management64Arithmetic710Writing88Teamwork99Computer Skills107Customer Service1111Problem Solving1212Technical Competence1313Accountability1415Reasoning1514Flexibility1616Learning1717Planning and Evaluating1818Compliance1920Decision Making2019

General Competencies

Decision Making

Reading – Understands and interprets written material, which include technical fabric, regulations, rules, instructions, reviews, charts, graphs, or tables; applies what’s discovered from written material to precise situations.

Writing – Recognizes or uses accurate English grammar, punctuation, and spelling; communicates statistics (as an example, facts, thoughts, or messages) in a succinct and organized manner; produces written statistics, which may additionally encompass technical fabric, this is suitable for the intended audience.

Arithmetic – Performs computations which include addition, subtraction, multiplication, and department efficiently the use of whole numbers, fractions, decimals, and percentages.

Mathematical Reasoning – Solves practical issues by way of deciding on accurately from a number of mathematical and statistical techniques.

Oral Communication – Expresses records (as an instance, ideas or information) to people or businesses effectively, taking into consideration the target market and nature of the records (for example, technical, touchy, controversial); makes clear and convincing oral shows; listens to others, attends to nonverbal cues, and responds accurately.

Creative Thinking – Uses creativeness to develop new insights into conditions and applies modern answers to problems; designs new techniques wherein hooked up strategies and procedures are inapplicable or are unavailable.

Information Management – Identifies a need for and knows where or a way to collect information; organizes and keeps statistics or statistics control systems.

Decision Making – Makes sound, properly-knowledgeable, and goal choices; perceives the impact and implications of decisions; commits to action, even in uncertain situations, to accomplish organizational goals; reasons alternate.

Reasoning – Identifies rules, standards, or relationships that specify statistics, information, or different data; analyzes facts and makes accurate inferences or draws accurate conclusions.

Problem Solving – Identifies troubles; determines accuracy and relevance of information; uses sound judgment to generate and compare options, and to make guidelines.

Learning – Uses efficient mastering strategies to collect and apply new knowledge and competencies; uses education, feedback, or other opportunities for self-learning and development.

Teamwork – Encourages and allows cooperation, pride, consider, and group identity; fosters dedication and group spirit; works with others to obtain goals.

Integrity/Honesty – Contributes to keeping the integrity of the enterprise; shows excessive standards of ethical conduct and is familiar with the effect of violating these standards on an enterprise, self, and others; is trustworthy.

Self-Management – Sets well-defined and realistic dreams; displays a excessive degree of initiative, attempt, and commitment closer to completing assignments in a well timed manner; works with minimal supervision; is prompted to achieve; demonstrates accountable behavior.

Interpersonal Skills – Shows expertise, friendliness, courtesy, tact, empathy, situation, and politeness to others; develops and continues powerful relationships with others; can also encompass efficiently handling people who are hard, antagonistic, or distressed; relates well to human beings from varied backgrounds and different situations; is touchy to cultural variety, race, gender, disabilities, and other individual differences.

Planning and Evaluating – Organizes work, sets priorities, and determines useful resource necessities; determines brief- or lengthy-time period desires and strategies to acquire them; coordinates with different businesses or parts of the agency to perform dreams; video display units development and evaluates outcomes.

Attention to Detail – Is thorough when performing paintings and conscientious approximately getting to element.

Administration and Management – Knowledge of making plans, coordination, and execution of business features, resource allocation, and production.

Project Management – Knowledge of the standards, strategies, or gear for growing, scheduling, coordinating, and handling initiatives and assets, along with monitoring and analyzing charges, work, and contractor overall performance.

Managing Human Resources – Plans, distributes, coordinates, and monitors paintings assignments of others; evaluates work overall performance and presents feedback to others on their overall performance; ensures that team of workers are as it should be selected, applied, and developed, and that they may be dealt with in a fair and equitable way.

Accountability – Holds self and others liable for measurable super, timely, and fee-effective results. Determines targets, sets priorities, and delegates paintings. Accepts obligation for errors. Complies with set up manipulate systems and regulations.

Leadership – Influences, motivates, and challenges others; adapts management patterns to a variety of conditions.

Teaching Others – Helps others learn through formal or casual methods; identifies training desires; provides constructive feedback; coaches others on how to perform duties; acts as a mentor.

Customer Service – Works with clients and customers (this is, any those who use or get hold of the services or products that your paintings unit produces, consisting of the overall public, those who work inside the corporation, other businesses, or groups outdoor the Government) to evaluate their needs, offer data or assistance, solve their issues, or satisfy their expectancies; knows approximately available services and products; is dedicated to providing fine products and services.

Strategic Thinking – Formulates objectives and priorities, and implements plans regular with the lengthy-time period interests of the corporation in a global environment. Capitalizes on opportunities and manages risks.

Organizational Awareness – Knows the corporation’s assignment and capabilities, and the way its social, political, and technological systems work and operates successfully within them; this consists of the applications, policies, approaches, regulations, and rules of the company.

External Awareness – Identifies and is familiar with financial, political, and social context that affect the business enterprise.

Influencing/ Negotiating – Persuades others to accept pointers, cooperate, or trade their conduct; works with others towards an agreement; negotiates to locate jointly appropriate answers.

Conflict Management – Manages and resolves conflicts, grievances, confrontations, or disagreements in a positive way to reduce poor (non-public) impact.

Partnering – Develops networks and builds alliances; collaborates throughout boundaries to construct strategic relationships and reap commonplace goals.

Resilience – Deals successfully with stress; remains constructive and persistent, even below adversity. Recovers quickly from setbacks.

Flexibility – Is open to trade and new statistics; adapts conduct or work methods in response to new information, changing situations, or sudden obstacles; correctly offers with ambiguity.

Computer Skills – Uses computer systems, software program programs, databases, and automated structures to perform paintings.

Technical Competence – Uses expertise this is received through formal training or massive on-the-task experience to perform one’s job; works with, understands, and evaluates technical information related to the process; advises others on technical problems.

Technical Competencies

Legal, Government and Jurisprudence – Knowledge of legal guidelines, prison codes, court strategies, precedents, felony practices and files, government regulations, government orders, organization guidelines, authorities agency and features, and the democratic political method.

Compliance – Knowledge of strategies for assessing, comparing, and tracking programs or initiatives for compliance with Federal legal guidelines, guidelines, and guidance.

Contracting/Procurement – Knowledge of numerous varieties of contracts, strategies for contracting or procurement, agreement negotiation and administration.

Capital Planning and Investment Assessment – Knowledge of the principles and strategies of capital investment analysis or commercial enterprise case analysis, together with return on funding analysis.

Cost Estimation and Analysis – Knowledge of the ideas, practices, and techniques used to decide, estimate, and examine charges, which includes determining existence cycle prices, application of cost models, and assessment of price realism.

Business Process Reengineering – Knowledge of strategies, metrics, tools, and techniques of Business Process Reengineering.

Risk Management – Knowledge of the concepts, strategies, and equipment used for chance assessment and mitigation, including evaluation of failures and their effects.

Internal Controls – Knowledge of the standards, methods, and strategies for setting up internal manipulate sports (as an instance, authorizations, verifications, reconciliations), tracking their use, and comparing their performance (as an example, identity of cloth weaknesses or considerable deficiencies).

Control of Funds – Knowledge of the concepts, techniques, and requirements for preserving manipulate and duty of responsibilities and costs for all appropriations and fund accounts (as an example, revolving, non-appropriated, multiyear, and single-12 months appropriations).

Cost-Benefit Analysis – Knowledge of the standards and techniques of cost-gain evaluation, which includes the time fee of cash, present cost principles, and quantifying tangible and intangible benefits.

Data Management – Knowledge of the standards, processes, and equipment of facts control, including modeling strategies, records backup, data restoration, statistics dictionaries, statistics warehousing, information mining, facts archiving, and data standardization strategies.

Financial Systems – Knowledge of the standards, architecture, and specs of automated economic systems, together with source files, device flows, machine interfaces, and associated internal controls.

Principles of Accounting – Knowledge of usually typical accounting standards, requirements, and practices (as an instance, double entry accounting, accrual accounting), along with the overall accounting cycle and the guidance of work sheets, monetary statements, ledgers, and journals.

Cost Accounting – Knowledge of the ideas, approaches, and techniques of value accounting, together with the use of historic value, market fee, or present value to degree value; methods for assigning fee to accounting periods; and fee allocation, price accrual, depreciation, and unit price.

Accounting Operations – Knowledge of wellknown ledger accounting and the control/subsidiary account relationships and reconciliation techniques, including debts receivable, bills payable, and disbursing officer’s duty.

Performance Measurement – Knowledge of the concepts and strategies for evaluating software or organizational overall performance the use of financial and nonfinancial measures, together with identity of evaluation factors (as an instance, workload, personnel necessities), metrics, and outcomes.

Financial Analysis – Knowledge of the standards, strategies, and techniques of economic evaluation, forecasting, and modeling to interpret quantitative and qualitative records; includes facts modeling, earned price management, and evaluating key monetary indicators, traits, and ancient facts.

Decision Support – Knowledge of decision guide theories, strategies, and tools for identifying, synthesizing, representing, and comparing the critical components of a selection situation and prescribing the advocated course for choice makers and different stakeholders.

Budget Administration – Knowledge of the standards and practices of budget management and evaluation; such as getting ready, justifying, reporting on, and executing the budget; and the relationships among software, budget, accounting, and reporting structures.

Principles of Finance – Knowledge of the fundamental principles, practices, and techniques of monetary control to encompass requisitions, apportionments, allotments, investments, financial control, interest reporting, and economic 12 months guidelines.

Federal Funds Processing – Knowledge of strategies and strategies for processing direct and reimbursable application funds (as an example, automated and funded reimbursements, interagency agreements, transfer appropriations), grants, loans, and credit applications.

Auditing – Knowledge of commonly widespread auditing standards and strategies for engaging in monetary and compliance, economy and efficiency, and application audits.

Audit Reporting – Knowledge of the concepts, practices, and techniques used to file audit findings (criteria, circumstance, reason, effect, and recommendation).