Competency Module: Economics, Budget, Financial Management and Accounting | NIGP

Competency Module: Economics, Budget, Financial Management and Accounting

Competency badges form the building blocks of the Certificates Program. You get laser-focused learning in any of the individual competencies that make up the Public Procurement Competency Framework. Competency badges are given after completing any one of the 33 competency modules and successfully passing the assessment.

Course Availability:

View upcoming dates for this course.

December 13, 2024
Competency Module: Economics, Budget, Financial Management & Accounting (Member: Early) $140.00
Competency Module: Economics, Budget, Financial Management & Accounting (Non-Member: Standard) $275.00
(prices valid until Oct 14, 2024)
Time: 9:00 AM - 1:00 PM Eastern Time
Instructor: Mrs. Rashpal U.
Level: Advanced Practitioner
Virtual Instructor-Led
March 31, 2025
Competency Module: Economics, Budget, Financial Management & Accounting (Member: Early) $140.00
Competency Module: Economics, Budget, Financial Management & Accounting (Non-Member: Standard) $275.00
(prices valid until Jan 30, 2025)
Time: 1:00 PM - 5:00 PM Eastern Time
Level: Advanced Practitioner
Virtual Instructor-Led


A critical role that procurement practitioners serve is the responsible and conforming use of funds. Practitioners must understand the regulations surrounding specific purchases, and plan future purchases based on fund availability.  

NIGP’s Economics, Budget, Financial Management, and Accounting is course creates a dedicated learning experience where students leave with the ability to:

  • Properly classify an expenditure.
  • Identify non-compliant purchases.
  • Determine if funds are available.
  • Identify what provisions/limitations should be included in the solicitation.
  • Work with departments to shift funds when needed.
  • Project when funding will be available to manage the purchase.
  • Plan capital purchases.
  • Make appropriate decisions regarding the encumbrance of funds.
  • Identify total cost of ownership.


In order to successfully earn a digital badge, learners must:

  • Schedule a procurement based on funding attributes.
  • Oversee and direct all spend-related activities to promote greater efficiency and effectiveness by engaging in the continuous process of controlling and analyzing entity spend.


Intended Audience

This course is targeted to individuals who meet or exceed the following professional demographics: 

  • Mid-level public procurement and central warehouse professionals who serve as senior buyers, managers, directors, or equivalent functions within their respective entities.  
  • Non-procurement managers and supervisors who either provide procurement functions that support entity programs under delegated authority, or who already have a good understanding of basic procurement principles but wish to get more in-depth, hands-on training. 
  •  Professionals who are employed by local governing entities and special authorities (such as K-12 and higher education, publicly owned utilities, transportation providers, and other publicly funded or created entities) who either serve within or manage the procurement function.
  • Supplier managers and supervisors seeking to understand the public procurement function from a more in-depth holistic level, including the policies, standards, and procedures by which public entities must function. 

Delivery Formats Available

Virtual Instructor-Led

(To schedule, contact

Contact Hours





In-Person and Virtual - 1/2 Day

NIGP-CPP Exam Alignment

Area 7: Business Principles & Operations


Advanced Practitioner

Designed for public procurement professionals who have at least five years’ experience.


Domains 2, 3 & 6

Available in these learning formats...

 Virtual Instructor-Led

This format combines the best of in-person learning by offering live participation with instructors and peers.


Instructor led discussion style classroom setting for those who prefer focused learning with maximum in-person interactions with instructors and peers.

1/2 Day Course

To schedule in-person, contact


Completion Requirements

In order to successfully complete the NIGP Competency Module, learners must:

  • Attend and participate in the entirety of the instructional event.
  • Complete the post-course evaluation survey available in Aspire.
  • Complete the final assessment examination with a score of 80% or higher.