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FINANCIAL MANAGEMENT AND COMPTROLLER JOURNEYMAN QUESTIONS WITH ANSWERS.
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FINANCIAL MANAGEMENT AND COMPTROLLER JOURNEYMAN QUESTIONS WITH ANSWERS.
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FINANCIAL MANAGEMENT ANDCOMPTROLLER JOURNEYMAN
QUESTIONS WITH ANSWERS.
WHAT IS THE MAJOR DIFFERERENCE BETWEEN THE RESPONSIBILITIES OF THE FINANCIAL MANAGEMENT
ANALYSIS AND DFAS? ANS - FMA HANDLES THE ACCOUNTING PROCESSES AT BASE LEVEL AND SERVES
AS A LIAISON BETWEEN THE BASE ORGANIZATION AND DFAS
OVERALL RESPONSIBILITY FOR OBLIGATION ACCOUNTING IS MANAGED BY ANS - FINANCE AND
ACCOUNTING
ALL ACCOUNTING CLASSIFICATIONS MUST CONTAIN AT LEAST THE ACCOUNTING AND DISBURSING
STATION NUMBER (ADSN) AND THE ANS - APPROPRIATION SYMBOL
WHICH STEP IN DETERMINING THE ELEMENTS OF THE ACCOUNTING CLASSIFICATION TELLS YOU TO
ENSURE THE ACCOUNTING STATION NUMBER IS NOTED? ANS - STEP 5
WHICH FUNDS ARE ESTABLISHED TO RECORD COLLECTIONS FOR NO YEAR AND CLEARING ACCOUNTS?
ANS - DEPOSIT
WHICH CODE IDENTIFIES "WHAT" IS BEING PURCHASED? ANS - EEIC
WHAT CODE IS THE FIRST SUBDIVISION OF THE ACCOUNTING CLASSIFICATION BELOW THE
APPROPRIATION LEVEL AND ALWAYS STARTS WITH THE LETTER "P"? ANS - BUDGET PROGRAM
THE DISBUREMENT ACCOUNTING PROCESS BEGINS WHEN ANS - SERVICE IS REQUESTED
WHEN A REQUIREMENT IS KNOWN, BUT A FIRM PRICE IS NOT, AN ADMINISTRATIVE RESERVATION OF
FUNDS IS PROCESSED AND IS ALSO KNOWN AS ANS - A COMMITMENT STAGE
WHICH STAGE OF ACCOUNTING LIQUIDATES THE OBLIGATION? ANS - AEP
, AFTER RECEIVING UTILITIES ESTIMATES FROM CIVIL ENGINEERING (CE), DFAS ENTERS THE NOTE INTO
ANS - GENERAL ACCOUNTING AND FINANCE SYSTEMS (GAFS) AS UNFILLED CUSTOMER ORDERS (UFCO).
WHAT IS THE FIRST STEP IN IDENTIFYING THE STAGES OF ACCOUNTING? ANS - DETERMINE THE TYPE
OF ACCOUNTING YOU ARE WORKING WITH.
WHEN IDENTIFYING THE STAGE OF ACCOUNTING FOR OBLIGATIONS, WHICH STEP DIRECTS YOU TO
ENSURE THAT FUNDS ARE AT THE PROPER DISBURSEMENT STAGE? ANS - STEP 2
THE GENERAL ACCOUNTING AND FINANCE SYSTEM (GAFS) USES INTERNAL FILES TO TRACK FUNDS AND
STORES THEM ON A MAGNETIC DISK, THIS STORAGE IS ALSO CALLED ANS - IMMEDIATE ACCESS
STORAGE
WHICH RECORD IS NOT ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR? ANS - DOCUMENT
SUMMARY RECORD (DSR)
EACH COMBINATION OF ELEMENT OF EXPENSE /INVESTMENT CODE (EEIC) AND RESPONSIBILITY
CENTER/COST CENTER (RC/CC) CODES REQUIRES A SEPERATE ANS - (PSR) PROGRAM SUMMARY
RECORD
WHICH SYSTEM WAS DESIGNED TO AUTOMATE THE ACCOUNTS PAYABLE PROCESS? ANS - INTEGRATED
ACCOUNTS PAYABLE SYSTEM (IAPS)
WHAT IS THE LINK BETWEEN THE INTIGRATED ACCOUNTS PAYABLE SYSTEM (IAPS) AND THE GENERAL
ACCOUNTING AND FINANCE SYSTEM (GAFS)? ANS - ICI
WHAT SYSTEM IS USED TO APPROVE UPWARD ADJUSTMENTS TO EXPIRED AND CANCELLED
APPROPRIATIONS? ANS - OBLIGATION ADJUSTMENT REPORTING SYSTEM (OARS)
WHAT IS THE NEXT STEP AFTER AN AUTOMATED BUSINESS SERVICES SYSTEM (ABSS) USER SELECTS THE
FORM TYPE? ANS - ADD THE ADMINISTRATIVE DATA
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