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United States Army Financial Management School
The United States Army Financial Management School is located in Fort Jackson, South Carolina, and has the mission of providing the United States Army with military and civilian leaders trained in financial management, and develop complementary concepts, doctrine, and organization for financial management in support of America's Armed Forces. Students take classes and train in subjects such as advanced accounting and analysis, accounts payable and disbursing operations, and auditing. While training in financial management at Fort Jackson, soldiers must still participate in physical training and testing. History The Second Continental Congress appointed a Paymaster General of the Army on 16 June 1775, thereby creating a Pay Department consisting of finance soldiers that disbursed pay throughout the Continental Army. The Pay Department became a part of the Quartermaster Corps in 1912. In 1920 the U.S. Army Finance Corps became a separate army branch and at this point it became ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fort Jackson (South Carolina)
Fort Jackson is a United States Army installation, which TRADOC operates on for Basic Combat Training (BCT), and is located within the city of Columbia, South Carolina. This installation is named for Andrew Jackson, a United States Army general and the seventh president of the United States (1829–1837) who was born in the border region of North and South Carolina. History Fort Jackson was created in 1917 at Camp Jackson as the U.S. entered World War I. At the conclusion of World War I, Camp Jackson was shut down and the Camp was abandoned 25 April 1922, pursuant to General Orders No. 33, War Department, 27 July 1921. Camp Jackson was reactivated for World War II, where Franklin D. Roosevelt and George C. Marshall hosted a demonstration of the combat-readiness of several divisions for Winston Churchill and Alan Brooke in preparation of the abandoned Operation Roundup. At the conclusion of World War II, the post was to have been deactivated by 1950; however, the outbr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Corps
The United States Army Finance Corps is a combat service support (CSS) branch of the United States Army. The Finance Corps traces its foundation to 16 June 1775, when the Second Continental Congress established the office of Paymaster General of the Army. The Pay Department became a separate department in 1816, and the Finance Department was created by law on 1 July 1920. It became the Finance Corps in 1950. It is responsible for financial operations, most notably payroll and resource management. Finance Corps units Corps-level financial management formations exist in Europe, South Korea, and at Fort Bragg, North Carolina, and at Fort Hood, Texas. The 18th Financial Management Support Center (18 FMSC) provides financial management services to the units of the XVIII Airborne Corps. It is based at Fort Bragg (North Carolina) and its higher headquarters (HQ) is the 1st Theater Sustainment Command (1st TSC)Fort Bragg, North Carolina. The 18th FMSC is responsible for the 24th Financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Collection
Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. History Debt collection has been around as long as there has been debt and is older than the history of money itself, as it existed within earlier systems based on bartering. Debt collection goes back to the ancient civilizations, starting in Sumer in 3000 BC. In these civilizations if a debt was owed that could not be paid back, the debtor and the debtor's spouse, children or servants were forced into "debt slavery" until the creditor recouped losses via their physical labor. Under Babylonian Law, strict guidelines governed the repayment of debts, including several basic debtor protections. In some societies debts would be carried over into subsequent generat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund. It is also increasingly used in both the business world and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. IS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of The Army
The secretary of the Army (SA or SECARMY) is a senior civilian official within the United States Department of Defense, with statutory responsibility for all matters relating to the United States Army: manpower, personnel, reserve affairs, installations, environmental issues, weapons systems and equipment acquisition, communications and financial management. The secretary of the Army is nominated by the president of the United States and confirmed by the United States Senate. The secretary is a non-Cabinet-level official, subordinate to the secretary of Defense. This position was created on September 18, 1947, replacing the secretary of war, when the Department of War was split into the Department of the Army and Department of the Air Force. On May 28, 2021, Christine Wormuth was sworn in as the 25th (and current) secretary of the Army, the first woman to serve in the role. Roles and responsibilities The Army senior leadership consists of two civilians; the secretary of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Department (US)
The United States Department of War, also called the War Department (and occasionally War Office in the early years), was the United States Cabinet department originally responsible for the operation and maintenance of the United States Army, also bearing responsibility for naval affairs until the establishment of the Navy Department in 1798, and for most land-based air forces until the creation of the Department of the Air Force on September 18, 1947. The Secretary of War, a civilian with such responsibilities as finance and purchases and a minor role in directing military affairs, headed the War Department throughout its existence. The War Department existed from August 7, 1789 until September 18, 1947, when it split into the Department of the Army and the Department of the Air Force. The Department of the Army and Department of the Air Force later joined the Department of the Navy under the United States Department of Defense in 1949. History 18th century The Departme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budgeting
A budget is a calculation play, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic plans of activities in measurable terms. A budget expresses intended expenditures along with proposals for how to meet them with resources. A budget may express a surplus, providing resources for use at a future time, or a deficit in which expenditures exceed income or other resources. Government The budget of a government is a summary or plan of the anticipated resources (often but not always from taxes) and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditing
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report. Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of risk management, control, and governanc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quartermaster Corps (United States Army)
The United States Army Quartermaster Corps, formerly the Quartermaster Department, is a sustainment, formerly combat service support (CSS), branch of the United States Army. It is also one of three U.S. Army logistics branches, the others being the Transportation Corps and the Ordnance Corps. The U.S. Army Quartermaster Corps mission is to support the development, production, acquisition, and sustainment of general supply, Mortuary Affairs, subsistences, petroleum and water, material and distribution management during peace and war to provide combat power to the U.S. Army. The officer in charge of the branch for doctrine, training, and professional development purposes is the Quartermaster General. The current Quartermaster General is Brigadier General Michael B. Siegl. History The Quartermaster Corps is the U.S. Army's oldest logistics branch, established 16 June 1775. On that date, the Second Continental Congress passed a resolution providing for "one Quartermaster Gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Army
The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, clause 1 of the United States Constitution (1789). See alsTitle 10, Subtitle B, Chapter 301, Section 3001 The oldest and most senior branch of the U.S. military in order of precedence, the modern U.S. Army has its roots in the Continental Army, which was formed 14 June 1775 to fight the American Revolutionary War (1775–1783)—before the United States was established as a country. After the Revolutionary War, the Congress of the Confederation created the United States Army on 3 June 1784 to replace the disbanded Continental Army.Library of CongressJournals of the Continental Congress, Volume 27/ref> The United States Army considers itself to be a continuation of the Continental Army, and thus considers its institutional inception to be th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continental Army
The Continental Army was the army of the United Colonies (the Thirteen Colonies) in the Revolutionary-era United States. It was formed by the Second Continental Congress after the outbreak of the American Revolutionary War, and was established by a resolution of Congress on June 14, 1775. The Continental Army was created to coordinate military efforts of the Colonies in their war for independence against the British, who sought to keep their American lands under control. General George Washington was the commander-in-chief of the army throughout the war. The Continental Army was supplemented by local militias and volunteer troops that were either loyal to individual states or otherwise independent. Most of the Continental Army was disbanded in 1783 after the Treaty of Paris formally ended the fighting. The 1st and 2nd Regiments of the Army went on to form what was to become the Legion of the United States in 1792. This became the foundation of what is now the United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
