Operating Status
FULLY OPERATIONAL
OPERATING STATUS
This is the area of Business concerned primarily with the total financial affairs of an organization, department, or program and the translation of actions past, present, and proposed into meaningful and relevant information for use in management. It includes the functions of budgeting, accounting, reporting, and the analysis and interpretation of the financial significance of past events and future plans. It sometimes also includes other related functions such as internal auditing, management analysis, and others. It is not primarily concerned with the technical procedures and methodology of those individual functions.
This continuous learning module will explain Should-cost management and its vital role in the implementation of Better Buying Power 3.0 across Department of Defense acquisition, from contract negotiations to sustainment. The module also includes explication of critical thinking skills and their application to Should-cost management.
This video provides the background, purpose, goal and priorities of the FIAR Guidance. It also has a brief excerpt about “FIAR in the News” to help establish the context and the big WHY the FIAR Guidance is important to DoD. Click "More" to view video.
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