By Capt. Jessica Bowers, Financial Managment SchoolMay 19, 2016
To some it may be a long overdue ceremony, but a recent partnership agreement signing is simply a confirmation of the outstanding partnership between the U.S. Army Financial Management School and the University of South Carolina.
For more than two years, this partnership has provided educational and training opportunities to Soldiers and civilians throughout the Army Financial Management community. The Army Financial
Management School at Fort Jackson initially began its partnership with USC's Darla Moore School of Business in 2014.
The Darla Moore School has ranked in the top three graduate schools for its International MBA program for the past 25 years.
Since the summer of 2014, USC has been educating Soldiers and civilians from the Army finance community to enhance their understanding and use of the Enterprise Resource Planning tool, General Fund Enterprise Business System.
With that system's deployment, the Army's financial management community realized the need for additional skills, training and education to leverage the full capabilities of the Army's accounting
system of record. USC's partnership with the FM community helps fill the gap.
In 2009, the Department of the Army implemented what is now one of the largest ERP systems in the world, the GFEBS, which replaced more than 80 systems and led to new ways of procuring, processing, and paying for resources to support current and growing missions around the world. A few years after the implementation of GFEBS, Congress announcedthat the Department of Defense
must be auditable by fiscal year 2017.
There are currently four courses being offered at USC to support the Army's need to achieve audit readiness and perform data analytics to improve fiscal decision made by commanders and leaders
alike: Business Analytics Course, Advanced Business Analytics Course, and the Cost Management Certificate Course.
These courses range from one week to four weeks in length. The curriculum includes: introduction to ERP systems; manipulating and analyzing data using Microsoft Excel; decision modeling in Excel; and cost concepts and analysis techniques that include cost benefit, break-even, and variance analysis. If you are interested in attending any of these courses, refer to the Financial Management School Course Catalog online at www.milsuite.mil/book/community/spaces/afms.