George Mason University’s Learning Initiatives Network (LINK), via the Continuing and Professional Education office, is set to build a new financial management academy for the US Navy.
The initiative will rely on academic input from the Costello College of Business.
Costello College of Business interim dean Cheryl Druehl said: “Our support of this effort is another example of how Costello is working to expand academic programmes and lifelong learning opportunities for members of our military through workforce development programmes and innovative collaborations with the US Navy and the Office of Continuing and Professional Education.”
The academy is intended to provide focused, role-specific training that strengthens financial management skills across the service. The move will also help advance the US Navy’s goal of achieving full audit readiness by 2028.
The programme is being established under a five-year indefinite delivery/indefinite quantity contract with a ceiling of $48.7m, rising to $53.5m if all options are exercised.
Over the life of the contract, the academy is expected to train around 10,000 Navy financial management staff worldwide.
Participants will receive training designed to help them oversee budgets, meet audit and reporting requirements, and work effectively within the Navy’s financial systems and structures.
The curriculum will focus on workforce readiness, with an emphasis on using financial concepts in real Navy processes and operational settings.
The academy is also intended to serve as an entry point into degree programmes at George Mason.
Navy personnel will be able to apply their training towards undergraduate and postgraduate qualifications offered by the university.
Students may also earn a Graduate Certificate in Government Accounting, helping meet the Office of Management and Budget’s 24 credit hours of accounting coursework requirement.
George Mason is working with Deloitte and Kearney & Company to help shape the curriculum, refine teaching methods and develop applied learning elements of the programme.
“George Mason to launch accounting and finance academy for US Navy” was originally created and published by The Accountant, a GlobalData owned brand.
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