Introduction to financial management for foreign military staff officers

514 Pages·5.4 MB·en_US

by  Bryant, Rodney E.;Jensen, Paul R.;San Miguel, Joseph G.

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NAVAL POSTGRADUATE SCHOOL
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Monterey, California
THESIS
Introduction to Financial Management
forForeign Military Staff Officers
by
Rodney E. Bryant
and
Paul R. Jensen
June, 1991
Thesis Advisor: Joseph San Miguel
Approved for public release; distribution is unlimited
T256802

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Monterey,CA 93943 5000 Monterey,CA 93943 5000
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11 TITLE(IncludeSecurityClassification)
INTRODUCTIONTOFINANCIALMANAGEMENTFORFOREIGN MILITARYSTAFFOFFICERS
12 PERSONALAUTHOR(S) Bryant,RodneyE.andJensen,PauJR.
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Master'sThesis From To JUNE 1991 505
16 SUPPLEMENTARYNOTATION
TheviewsexpressedinthisthesisarethoseoftheauthoranddonotreflecttheofficialpolicyorpositionoftheDepartmentofDefenseortheU.S.
Government.
17 COSATICODES 18 SUBJECTTERMS(continueonreverseifnecessaryandidentifybyblocknumber)
FIELD GROUP SUBGROUP Accounting,Budgeting,Auditing,Management,ManagementInformationSystems,Total
QualityManagement.
19 ABSTRACT(continueonreverseifnecessaryandidentifybyblocknumber)
Thenatureofourresearchwastodeterminethecontent,scopeandstructureforacourseinbasicfinancialmanagementwhichwouldbeusedto
introduceforeignmilitaryofficerstothefieldoffinancialmanagement. TheNavalEducationandTrainingSecurityAssistanceFieldActivity
(NETSAFA)indicatedtherewasaneedforageneric,introductoryfinancialmanagementcoursebecauseofthenumerousinquiriesfromforeign
governmentsconcerningfinancialmanagementsubjectmatter.Foreignofficalsrequestedthattheirstaffofficers,whichhavevaringdegreesof
familiaritywiththefinancialarena,beschooledinthebasicsoffinancialmanagement. Researchdeterminedthatthecourseshouldbe
approximatelytwoweeksinlenghtinordertoadequatelycoverthefollowingsubjectareas:accounting,budgeting,managementfundamentals,
auditing,managementinformationsystems(MIS)andtotalqualitymanagement(TQM). Inadditiontoformulatingthecontent,scopeand
structureofthecourse,adraftstudentandinstructors'guideweredevelopedandareincludedinAppendicesAandB.
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22a NAMEOFRESPONSIBLE INDIVIDUAL 22b TELEPHONE (IncludeAreacode) 22c OFFICE SYMBOL
JosephSanMiguel (408)6462187 AS/SM
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Approved for public release; distribution is unlimited.
Introduction to Financial Management
for Foriegn Military Staff Officers
by
Rodney E. Bryant
Lieutenant Commander, United States Navy
B.S., United States Naval Academy, 1979
and
Paul R. Jensen
Lieutenant Commander, United States Navy
B.S., Coastal Carolina College, 1979
Submitted in partial fulfillment
of the requirements for the degree of
MASTER OF SCIENCE IN FINANCIAL MANAGEMENT
from the
NAVAL POSTGRADUATE SCHOOL
June 1991
ABSTRACT
The nature of our research was to determine the content, scope and structure for a
course in basic financial management which would be used to introduce foreign military
officers to the field of financial management. The Naval Education and Training Security
Assistance FieldActivity (NETSAFA) indicated therewasa need forageneric, introductory
financial managementcoursebecause ofthenumerous inquiriesfromforeign governments
concerning financial management subject matter. Foreign officials requested that theirstaff
officers, which have varying degrees of familiarity with the financial arena, be schooled in
the basics of financial management. Research determined that the course should be
approximately two weeks in length in order to adequately cover the following subject
areas: accounting, budgeting, management fundamentals, auditing, management
information systems (MIS) and total quality management (TQM). In addition to
formulating the content, scope and structure of the course, a draft student and instructors'
guide were developed and are included in Appendices A and B.
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TABLE OF CONTENTS
I. INTRODUCTION 1
A. BACKGROUND 1
B. OBJECTIVE 2
C. RESEARCH QUESTIONS 4
D. SCOPE, LIMITATIONS AND ASSUMPTIONS 5
1 Scope 5
2. Limitations 6
3. Assumptions 6
E. METHODOLOGY AND LITERATURE REVIEW 7
1 Methodology 7
2 Literature review 8
F. DEFINITIONS AND ABBREVIATIONS 9
G. ORGANIZATION OF STUDY 9
II. PROCEDURE FOR COURSE DEVELOPMENT 10
A. DATA COLLECTION 10
1. Existing courses of study 10
...
2. Review existing correspondence courses 12
3. Potential courses of study 12
4. Current academic sources 13
5. Interview of training specialists 14
B. TARGET AUDIENCE 18
IV