100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CDFM Test 3 questions with answers. $12.49   Add to cart

Exam (elaborations)

CDFM Test 3 questions with answers.

 5 views  0 purchase
  • Course
  • CDFM - Certified Defense Financial Manager
  • Institution
  • CDFM - Certified Defense Financial Manager

CDFM Test 3 questions with answers.

Preview 3 out of 22  pages

  • September 22, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
avatar-seller
Professorkaylee
CDFM Test 3 questions with answers.
What are the Three tests that must be met for use of the Necessary Expense doctrine ANS -1. Must bear
a logical relationship

2. Not Prohibited by law

3. Not funded elsewhere



who grants relief of liability to a certifying officer for erroneous or illegal payments in the DoD ANS -
DFAS



What did the Budget and Accounting Act of 1921 do ANS -1. Required President to submit annual
budget for all 3 branches of Government

2. Created Bureau of Budget-OMB

3. Established General Accounting Office (now Government Accounting Office)



Congressional Budget Act of 1974 did what ANS -1. Governs the congressional budget process

2. Defines some key budget terms, such as budget authority, that are used in all phases of the budget
process.

3. Establishes the House and Senate budget committees and the congressional budget office (CBO)



What is a fiduciary certifier ANS -the person responsible for use of appropriated funds as to the proper
Purpose, Time, and Amount, and for those U.S. Codes.



What is a Pecuniary Certifier ANS -Physical Control of the Money.



What type of certifier can be granted relief if certain conditions are met ANS -Pecuniary Certifier



If the law does not specify an amount of budget authority available the amount is? ANS -classified as
indefinite

,What authorized an agency head to recognize superior performance with awards of cash, time off, or
merchandise ANS -The Government Employees Incentive Awards Act 5 USC 4503



Severable Services can cross fiscal years as long as they are for no more than 12 months. What law
codified this ANS -10 USC 2410(a)



Agencies must reimburse the Judgment Fund in these instances ANS -1. Contract Disputes

2. No FEAR Act (Notification and Federal Anti-discrimination and Retaliation Act)

3. EEO Settlement Claims



When paying the Judgement Fund, what funds are used ANS -Current year at the time of Judgment



Payment of a legitimate obligation from cancelled year is paid from what funds ANS -an unexpired
appropriation of the same purpose



What requires an agency to have a system of administrative controls consistent with accounting
procedures ANS -31 USC Section 1514



Recording a transaction that is not sufficient to constitute an obligation ANS -Does not make the
transaction a valid obligation



Obtaining an advance decision from Comptroller General insulates Certifier against pecuniary liability. In
DoD this is delegated to ANS -DoD General Counsel



In DoD who is responsible for making determination of relief ANS -DFAS as delegated by SECDEF



What are the four major functions in DoD Finance ANS -Entitlements, Payments, Collections and Control
of public funds

NOT Budgeting



What is the principal organization in DoD with the responsibility for Finance requirements ANS -DFAS

, What is the acronym for disbursing office identification numbers ANS -Disbursing Station Symbol
Numbers (DSSN)



Accountable individuals in the DoD ANS -Certifying Officers, Disbursing Officers, and Departmental
Accountable Officials



Debt collection includes collection of debts from what three groups ANS -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 ANS -Salary Offset



When collecting debts owed by vendors that have failed to properly respond to the demand letters.
What is the next step ANS -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 ANS -An advance decision



what does certification equate to ANS -Liability



If a civilian employee receives less than 90% of his or her normal biweekly pay and allowances, what
may he or she request ANS -Special Pay



When a civilian employee moves from a job overseas to a job in the states, which organization pays for
the PCS ANS -The loosing activity (the OCONUS activity)



Name the supporting documents required in the DoD Payment Package ANS -Contract

Invoice

Proof of Receipt

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Professorkaylee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart