Finance Officer Basic Officer Leadership Course (BOLC)

The Finance Officer Basic Officer Leadership Course (BOLC) is the foundational training program for newly commissioned officers entering the Army’s Finance Corps. This intensive course prepares officers to manage, control, and safeguard financial resources vital to the Army’s mission.

Course Objectives

Finance BOLC aims to transform newly commissioned officers into competent financial managers and Army leaders. The curriculum focuses on:

• Financial Management Principles: Students learn core accounting principles, budgeting techniques, disbursing operations, and internal controls. They study regulations governing government spending and property accountability.
• Army Finance Operations: The course delves into the specific financial processes within the Army. This includes pay and allowances, vendor payments, travel reimbursements, and accounting for appropriated funds.
• Leadership Development: BOLC emphasizes leadership skills. Officers learn how to lead small teams, communicate effectively, make sound decisions under pressure, and uphold Army values.
• Systems Training: Finance officers must be proficient in using the Army’s financial management systems. BOLC provides hands-on training with these systems, enabling officers to perform daily tasks effectively.
• Tactical Training: Although focused on finance, BOLC includes tactical training elements. Officers learn basic Soldier skills, land navigation, and other tactical concepts to prepare them for deployment environments.

Curriculum Highlights

The BOLC curriculum is a blend of classroom instruction, practical exercises, and simulations. Key components typically include:

• Accounting and Budgeting: Understanding financial statements, developing budgets, and managing funds.
• Disbursing Operations: Paying Soldiers, vendors, and contractors in compliance with regulations.
• Pay and Entitlements: Processing pay, allowances, and travel reimbursements for Soldiers.
• Property Accountability: Managing government property and ensuring proper accountability.
• Internal Controls: Implementing procedures to prevent fraud, waste, and abuse.
• Army Financial Management Systems (e.g., General Fund Enterprise Business System – GFEBS): Gaining proficiency in using these systems for day-to-day operations.
• Military Leadership: Developing leadership skills through case studies, role-playing, and practical exercises.

Upon Completion

Graduates of Finance BOLC are prepared to serve as entry-level finance officers in various Army units. They possess the fundamental skills and knowledge to manage financial resources effectively, lead small teams, and contribute to the Army’s overall mission. They are typically assigned to positions such as:

• Finance Officer
• Disbursing Officer
• Budget Officer
• Accounting Officer

Finance BOLC is a crucial stepping stone for a successful career in the Army Finance Corps. It lays the groundwork for future professional development and prepares officers to take on increasing levels of responsibility.