AGA TOPICS Newsletter
Federal Financial Manager Wants to 'Raise the Bar'
Cheryl Hall, CGFM, believes that
federal financial managers should take the lead in bringing more
professionalism to their profession and that the CGFM should be a
professional standard.
“I think that it’s really going to
have to begin with us,” said Hall, financial manager for the U.S.
Air Force, Mission Support Directorate, Civil Engineering Division
in Colorado Springs. “I don’t think the push will come from the top.
I think the push will have to come from financial professionals in
the field insisting upon and demonstrating higher professional
standards.”
Hall has also earned the Certified
Defense Financial Manager (CDFM) designation, which requires
specialized study in areas unique to the U.S. Department of Defense,
and her goal this year is to pass the CPA exam with the idea that
the credentials can complement each other. “I’ll show knowledge and
familiarity in all aspects of governmental budget and accounting as
well as the private sector,” she said.
Hall develops and executes a budget
of roughly $110 million for the Air Force environmental program,
distributes funds and ensures they are spent efficiently and
effectively. In this capacity, she sometimes interacts with state
agencies, other federal agencies and private sector firms, so a
broad base of budget and accounting knowledge is important.
She said that raising the bar and
requiring a higher level of education, knowledge and skills for
certain finance positions would go far toward recognizing that
financial managers are becoming increasingly involved in “board
room” rather than “back room” decisions.
DoD paid for Hall to attend the
CGFM preparatory courses, which counted as CPE toward maintaining
her CDFM credential. The department also reimbursed her for the CGFM
Exam fees. The Air Force also uses a system called a “total person
score” to help evaluate whether promotions are justified. Up to 10
points are given for certifications, three each are given for the
CDFM and CGFM. The CPA is worth four.
So while certifications will help
Hall if she wants to move up within the department, it can also help
if she wants a change. “I may decide to do something else in my
career, and I know AGA has worked really hard for recognition of the
CGFM.”
Hall said
earning the CGFM was a confidence boost. “It assures me that as a
financial professional I’m hitting the mark, and since this is such
a broad field, there may be things that I don’t do on a day-to-day
basis, but it keeps me in touch with those things. It keeps me in
touch with my profession.”