FM 1-06 Flashcards
1
Q
What is the Financial Management mission?
A
To ensure that proper financial resources are available to accomplish the mission IAW commanders’ priorities.
2
Q
What is the Resource Management mission?
A
To analyze resource requirements, ensure commanders are aware of existing resource implicatications, and then obtain the necessary funding that allows the commander to accomplish the overall unit mission.
3
Q
What is the Finance Operations mission?
A
To support the sustainment of Army, joint, and multinational operations through the execution of key Financial Operations tasks.
4
Q
What two functions is Financial Management composed of?
A
- Resource management
2. Finance operations
5
Q
What are the Financial Managements six principals?
A
- Stewardship
- Synchronization
- Anticipation
- Improvisation
- Simplicity
- Consistency
6
Q
What are the Financial Management Core Competencies?
A
- Fund the force
- Banking and disbursing
- Pay support
- Accounting support & cost management
- Management internal controls
- FM Planning and Operations
