The American Society of Military Comptrollers (ASMC) annually recognizes the outstanding accomplishments of its chapters, membership and the Defense financial management community through its awards program. This program encompasses individual and team achievement awards, scholarships, educational grants, an essay contest, chapter recognition, and a variety of other individual awards.

There are a number of awards that recognize the many accomplishments of ASMC chapters nationwide including:

The Community Service Award was established to recognize all chapters that organize their members to volunteer for organizations or individuals within their communities. All chapters are eligible, must meet a minimum number of total service hours and are required to complete a summary log of service activities.

The Chapter Communications Program recognizes eight chapters that regularly communicate their activities and the benefits of ASMC membership. To compete, chapters must publish a content rich newsletter, maintain a chapter website and provide external publicity to media outside the ASMC chapter. Awards are presented for different categories based on chapter size. To compete, chapters are required to complete the online form, to include uploading a sample newsletter and providing a link to a chapter website. 

The Five Star Chapter Program was established to set a standard for a well-rounded professional chapter which supports the mission of the society. To qualify, a local chapter must meet minimum points criteria in meetings, communication and administration - and submit materials on a quarterly basis through the online portal. 

Membership Growth Awards are presented to the chapters that obtain the highest absolute and percentage net growth during the competition year. All chapters are considered for these awards, based upon membership count in the national database. There is no submission requirement to be considered.

The Neil R. Ginnetti Professional Development Award is presented to up to one chapter that has demonstrated outstanding and innovative contributions to the professional development of its chapter members and the training needs of the Command. The winning chapter program must have applicability to fellow ASMC chapters.