CDFM Module 1 case studies

CDFM Module 1 · Put your knowledge to work in context.

The Certified Defense Financial Manager (CDFM) is a professional credential for people who work in U.S. Department of Defense financial management or who want to move into it - budget analysts, accountants, auditors, acquisition cost estimators, resource managers, and the military and civilian leaders who supervise them. The CDFM Module 1 case studies are 5 cases and about 4,757 words.

Fourth-Quarter O&M Shortfall: Realign, Reprogram, or Wait

You are the comptroller for a Navy systems command executing a 1.42 billion Operation and Maintenance, Navy appropriation entering the fourth quarter. The obligation report shows depot maintenance (subactivity 1B4B) is 14.2 million short because two unscheduled engine teardowns were inducted early, while travel (subactivity 1B5B) holds 9.6 million that will not be used after a command-wide conference was cancelled.

967 words, about 5 min 2

Fund Cite Swap on a Year-End Services Contract

During a quarterly review at an Army installation, an accountant discovers that a 6.4 million firm-fixed-price contract for base operating support was awarded on 30 June, the last day of the fiscal year, and recorded against a fund cite with only 4.1 million of remaining obligation authority. To get the transaction past the automated edit check, a budget analyst changed the fund cite to a different budget subactivity that had $7.8 million available; the payment was subsequently certified and disbursed.

910 words, about 5 min 3

Long-Lead Kits, Contract Type, and a Cost Overrun on a Milestone B Radar

You are the business financial manager for an Army program entering Milestone B for a new ground-based radar. The fiscal year budget contains 96 million of RDT&E and no procurement funds.

991 words, about 5 min 4

Civilian Manpower: End Strength, FTE, and a Fourth-Quarter Hiring Push

You are the resource management director for an Army installation. Direct-funded civilian manpower is controlled at 640 full-time equivalents with an end-strength ceiling of 655.

905 words, about 5 min 5

Economic Analysis of a Payroll Consolidation: NPV, Risk, and Inherently Governmental Work

A defense finance center processes 2.4 million travel vouchers annually across three sites. The current operation costs 46.0 million a year, averages 12.4 days per voucher, and has an 8.1 percent error rate; rework accounts for 3.1 million of the annual cost.

984 words, about 5 min