Making Financial Management Useful for the Leaders of the Twenty-First Century.

Abstract

This paper suggests that financial management fails to contribute to the decision making process because it does not meet the needs of the leadership. Parts of the financial management process are used in order to meet budget submission and other regulatory requirements but the key steps of the process along with meaningful analysis and feedback generated at each step are not well integrated. A model based on the writings of Comptroller General of the United States Charles A. Bowsher is presented to explain the technical aspects of financial management. The issue of the overall importance of financial management is also discussed and the suggestion is made that financial management become the 'seventh imperative' of the Army 'Trained and Ready' paradigm. Change is needed in how we perform analysis and the functions of financial management if we intend to accomplish the objectives of Army Force XXI and meet the challenges of the Army After Next.

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Document Details

Document Type
Technical Report
Publication Date
May 13, 1997
Accession Number
ADA326788

Entities

People

  • Thomas E. Roberts

Organizations

  • United States Army War College

Tags

Communities of Interest

  • C4I
  • Human Systems

DTIC Thesaurus Topics

  • Accountability
  • Accounting
  • Army Budgets
  • Budgets
  • Business Administration
  • Department Of Defense
  • Federal Budgets
  • Financial Management
  • Force Structure
  • Governments
  • Military Budgets
  • Military Strategy
  • Organizational Structure
  • Rocky Mountains
  • Training
  • United States
  • War Colleges

Readers

  • Logistics and Supply Chain Management.
  • Military Leadership and Professional Education.