Financial Management

The skills you need to improve

your agency’s performance


Course Overview

Performance-Based Financial Management is an interactive and engaging self-paced, online course that provides the knowledge and skills you need to effectively manage your agency’s finances.


Designed especially for the transit industry by the Center for Transportation e-Learning (CTEL), this course helps you understand your agency’s accounting systems and financial data to improve your organization’s performance.

Whether you are a transit director, a manager, a supervisor, an accountant, or State DOT staff, Performance-Based Financial Management will teach you the knowledge and practical skills you need to manage the financial complexities of a transit agency, as well as how to use data to improve the organization’s performance.

Let’s face it, small urban and rural transit agencies are unique businesses. From Super Circular guidelines to not-for-profit compliance requirements, your bookkeeping, revenue recognition, expense management and reporting requirements are different from most businesses your size. Even educated and trained accounting and financial staff members need to fully understand how we’re different and why.

Performance-Based Financial Management teaches you how we’re different, why we’re different and what your agency needs to do about it. But the course also takes you to the next level by showing how you can take your agency’s financial information and use it to improve performance—increasing revenue, decreasing expenses and improving efficiency.

Benefits of Enrolling

  • Gain confidence in understanding financial management

  • Get experience with the best practices of transit accounting

  • Build your financial management infrastructure for the future

  • Learn the tools to improve your agency’s financial performance

  • Understand the unique aspects of financial management for transit agencies

Learning Features

  • Fast and fun interactive features help maximize learning, application and retention

  • Simulations put you in the middle of the action and present real-life challenges in which you must use your new skills and knowledge to solve

  • Search tools, topic and content lists direct you right to the information you need

  • Quizzes demonstrate what you’ve learned

  • A glossary demystifies accounting terms and concepts

  • The course is available to you for an entire year so you can retake modules, revisit resources or review critical concepts

Course Outline

Performance-Based Financial Management contains eight lessons to build your knowledge and understanding of financial management:

  • Accounting in a Small Transit Agency

  • Chart of Accounts

  • Recording Transactions

  • Income Statements

  • Balance Sheets

  • Cash Flows

  • Budgeting

  • Performance Measurements


The Introduction explains the purpose, contents, objectives and navigation, and describes the importance of learning to become the best supervisor you can be.

Selected Learning Objectives

  • Define common accounting terms used in accrual accounting

  • Describe federal cost guidelines and grant programs

  • Discuss how financial transactions are recorded in the journal and the ledger

  • Given information about a fictional transit agency, complete its chart of accounts

  • Describe the chart of accounts, the balance sheet, the income statement and the statement of cash flows

  • Illustrate the process for completing budgets and forecasts

  • Read and interpret a balance sheet, income statement and cash flow statement

  • Make sample entries of business transactions in a journal

  • Given information about a fictional transit agency, complete its budget

  • Describe at least eight performance measurements

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Littleton, CO 80163


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© 2018 Zipline Performance Group LLC. All rights reserved.

The Center for Transportation e-Learning is a transit industry service provided by River Cities Public Transit and managed by ZPG Transit.