Financial Management of Defense Working Capital Funds

Overview

Explore the intricacies of the Defense Working Capital Fund (DWCF), a revolving fund financial structure used by DoD for businesslike activities. Supporting the effective and accurate operation of these funds is integral to the success of DoD. From the basics to performance budgeting to reporting, you will examine DWCF activities that identify outputs and have customer-provider relationships between Defense units and Defense support organizations.

Who Attends

This course is designed for financial, program, and functional managers of customer and support organizations who need a detailed understanding of DWCF policies, procedures, concepts, objectives, and terms.

Course Level: Intermediate
CLP: 24 | CPE: 24
Duration: 3 Days

Price: $ 1359.00 Course prices shown here do not include a credit card surcharge. Payments by ACH, EFT, or check do not include the surcharge and are offered at a lower price. At checkout, you may choose a payment method that avoids the credit card surcharge.
A 3% credit card surcharge will be applied.

Course Details

FAQs Technology Requirements

For Groups

Volume Discounts (5+ Seats) Private Group Training Icon

Private Group Training

Available Dates

Guaranteed to Run are designated with a

September 9 - September 11, 2026

Class ID: 265330003

Virtual

9 AM - 5 PM EST

November 23 - November 25, 2026

Class ID: 265330004

Virtual

9 AM - 5 PM EST

Learning Objectives

Discuss characteristics, business area, structure, and operations of Defense Working Capital Funds
Discuss DWCF general policies and procedures to include accounting standards, management responsibilities, DWCF systems and control, funds management, and auditing requirements
Identify the impact of the free market approach on DWCF operations
Describe the DWCF budgeting process
Calculate a net operating result and an accumulated operating result
Calculate a rate for goods/services and conduct a variance analysis
Describe the impact of annual performance plans on DWCF
Identify unique DWCF cash management and revenue recognition issues and explain mitigation strategies
Complete a cash management plan
Use the U.S. Government Standard General Ledger to identify DWCF accounts
Identify the Federal financial statements, DWCF reports, and their main components and purposes

Additional Features

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Course Activities

The final exam must be completed with a grade of 70% or higher.

Course Topics

Defense Working Capital Fund (DWCF) Basics

Government Funding Mechanisms
Revolving Funds
The DWCF
DoD Working Capital Funds and Business Areas
Treasury Fund Symbol for DWCF
Responsibilities of Managing a DWCF
Exercise: Exploring DWCF Candidates
Exercise: Defense Working Capital Fund (DWCF) Basics Knowledge Check

Defense Working Capital Fund (DWCF) and Mission Readiness

How Does DWCF Support the DoD's Mission?
Key Players in Managing DWCF
DWCF Relationships
The DWCF Charter Requirements
Exercise: Applying DWCF and Mission Readiness Concepts
Exercise: Defense Working Capital Fund (DWCF) and Mission Readiness Knowledge Check

The Role of DWCF in DoD's Planning, Programming, Budgeting, and Execution (PPBE) Process

DoD PPBE: Purpose and Objectives
PPBE Phases
Program Budget Decision
Annual Performance Planning
Exercise: The Role of DWCF in DoD's PPBE Process Knowledge Check

Congressional Enactment

The Congressional Action Process
Appropriations Acts
Exercise: Congressional Action Impact and Knowledge Check

Price and Rate Development

Unit Cost
The Annual Operating Budget (AOB)
Net Operating Result (NOR) and Accumulated Operating Result (AOR)
Budget Justification Analysis
Building the Operating Budget and Developing Rates
Variance Analysis
Exercise: Price and Rate Development Knowledge Check

Cash Management

Cash Management
Defense Guidance on Cash Management
Flow of Cash into the DWCF
Cash Shortages and Overages
Exercise: Cash Management Plan
Exercise: Cash Management Knowledge Check

Antideficiency Act and DWCF

Budgetary Authority and Controls
Financial Accountability
Exercise: Understanding the Antideficiency Act
Exercise: Antideficiency Act and DWCF Knowledge Check

Execution and Financial Statements Reporting

Need for Standard Financial Reporting
Monthly Reporting
Quarterly Reviews
Foundation for Accounting: U.S. Government Standard General Ledger
Chart of Accounts
Federal Accounting Standards Advisory Board (FASAB)
Annual Financial Reporting
Exercise: Execution and Financial Statements Execution Reporting Knowledge Check

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Financial Management of Defense Working Capital Funds

Overview

Who Attends

For Groups

Available Dates

Learning Objectives

Additional Features

Credits

This course is part of the following Management Concepts Certificate Programs:

Core Courses

Elective Courses

Prerequisites:

Mandatory

Suggested

Course Activities

Course Topics