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Module 2: Overview of the Fiscal Cycle
Module 2: Overview of the Fiscal Cycle
In this module, participants will gain a deeper understanding of the steps of the fiscal cycle, from creation of the budget for the Department of Education to audits of the expenditure of funds. The fiscal cycle is an example of the Plan-Do-Check-Act cycle.
IMPORTANT: Due to the change from legacy FMS to Aukahi FMS (AFMS) in July 2021, please note the following:
Some of the original modules or portions of the modules related to old system are obsolete. These modules now link to new/current guidance, and/or indicate portions that are outdated.
The remaining policy-based modules or portions of the module are still relevant, but may refer to the old system's terminology. A crosswalk/glossary of FMS to AFMS terminology changes is available here.
Most "FMS" forms have been changed to "AFMS" forms. All new/current AFMS guidance, forms, charts, and other resources are available on the new AFMS website at afms.k12.hi.us.P
The quiz is no longer available.
The objectives of this learning module include:
The objectives of this learning module include:
Identify at least 5 positions or organizations involved in decision-making for the DOE's budget.
Identify the time of year the steps occur.
Provide examples of Plan, Do, Check, and Act as they relate to the steps in the fiscal cycle.
Click HERE for the PowerPoint and notes on Module 2: Overview of the Fiscal Cycle
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