CDFM Module 3 Correct Answers with complete solutions
3 views 0 purchase
Course
CDFM - Certified Defense Financial Manager
Institution
CDFM - Certified Defense Financial Manager
CDFM Module 3 Correct Answers with complete solutions
Federal appropriations law can be categorized into which three topical areas?
Purpose, Time and Amount
In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom?
DoD General Counsel, Courts
...
cdfm module 3 correct answers with complete soluti
Written for
CDFM - Certified Defense Financial Manager
All documents for this subject (493)
Seller
Follow
LectAziim
Reviews received
Content preview
CDFM Module 3 Correct Answers with
complete solutions
Federal appropriations law can be categorized into which three topical areas?
Purpose, Time and Amount
In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom?
DoD General Counsel, Courts
What are the basic types of budget authority used in the Federal Government?
Appropriations
Contract Authority
Borrowing Authority
Monetary Credits
Offsetting Collections and Receipts
Loan and Loan Guarantee Authority
Annual appropriations remain available for new obligations for how long?
They normally remain available for new obligations for ONE fiscal year
Operation and Maintenance (O&M) is an example of what type of appropriation
Annual appropriation
RDT&E is an example of what type of appropriation?
Multi-year appropriation
Budget authority does not expire in what type of appropriation?
No-year appropriation
Article 1, Section 9, of the U.S. Constitution gives the power to appropriate funds for operating the
Government to which branch of the Government?
Legislative Branch (Congress)
Which law established the House and the Senate Budget Committees and the Congressional Budget
Office (CBO)?
Congressional Budget Act of 1974
What are the three tests that must be met for use of Necessary Expense doctrine?
Must bear a logical relationship, not prohibited by law, not funded elsewhere
Who are determined to be accountable individuals in the DoD?
Certifying and Disbursing Officers and Departmental Accountable Officials
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department
of Defense?
DFAS
,What type of budgetary resources remain available for new obligations for more than one fiscal year?
Multi-year authority
What type of budgetary resources remains available for new obligations until the purpose for which
they were provided is carried out?
No-year authority
What type of Congressional resolution can be thought of as a temporary appropriations act?
Continuing resolution
If a Contracting Officers signs a contract in advance of an appropriation, what type of violation ahs
occurred?
Anti Deficiency Act Violation
What agency apportions funds for working capital fund?
OMB
What are the four major functions in DoD Finance?
Entitlements, Payments, Collections, Control of Public Funds
What is the primary organization in DoD with the responsibility for Finance requirements?
DFAS
What is the acronym for disbursing office identification number?
DSSN
What three primary types of officials are accountable Individuals in the DoD?
Certifying Officers, Disbursing Officers, Departmental Accountable Officials
Debt collection incudes collection of debts from what three groups?
Current Employees and Military Members, Former Employees and Military Members, Vendors
What is the normal collection method for debts owed by active military members and civilian
employees who are still in service?
Salary Offset
When collecting debts owed by vendors that have failed to properly respond to the demand letters,
what is the next step?
Do Not Pay List
When in doubt about the proper use of an appropriation, what may the disbursing officer request
from the OSD General Counsel on the propriety of the prospective payment?
An advance decision
, To what, along with accountability, does certification equate?
Liability
Who, besides the disbursing officer, is likely to be held accountable for an improper payment?
The Certifying Officer
If a civilian employee receives less than 90% of his or her normal biweekly pay and allowances, what
may he or she request?
Special Pay
When a civilian employee moves from a job overseas to a job in the states, which organization pays
for the Permanent Duty Travel?
The "losing" activity (the OCONUS activity)
Name the supporting documents required in the DoD Payment Package.
Contract
Invoice
Proof of Receipt
Acceptance Document
Name two key forms that provide accountability and control by Disbursing Officers
Standard Form 1219 Statement of Accountability (monthly), DD Form 2657, Daily Statement of
Accountability
Which individuals hold personal and pecuniary liability for their actions in financial transactions?
Certifying Officers, Disbursing Officers, and Departmental Accountable Officials
How often does the disbursing officer need to inspect and document office security measures?
Semi-Annually
The Budget and Accounting act of 1921 established the GAO (Legislative Branch) to audit financial
transactions of which branch of the government?
Executive Branch
The GPRA requires agencies to define goals, set performance targets, and report what?
Actual Performance
Any enforceable agreement between an agency and a business concern for the acquisition of
property or services is called what?
A Contract
What term is used to describe Federal Government funds that have been paid but have not yet been
identified to a specific organization?
Undistributed Disbursements
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectAziim. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
