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B6F051 URE Test - Financial Analysis questions with answers.
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B6F051 URE Test - Financial Analysisquestions with answers.
Overall responsibility for commitment accounting is maintained by
a. Resource Advisor (RA)
b. Financial Services Officer (FSO)
c. Financial Management Analysis (FMA)
d. Defense Finance and Accounting service (DFAS) ANS - Financial Management Analysis (FMA)
The standard line of accounting is made up of how many major segments? ANS - Step 13
What is the first segment in the standard line of accounting? ANS - Fund
Which fund are established to record collections for no year and clearing accounts?
a. Trust
b. Deposit
c. General
d. Revolving ANS - Deposit
The disbursement accounting process begins when
a. goods are received
b. payment is received
c. service is requested
d. payment is requested 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
a. an obligation
b. an expenditure
,c. a disbursement
d. a commitment ANS - A commitment
Which of the following is not an obligation stage?
a. Accrued Expenditures Paid (AEP)
b. Accrued Expenditures Unpaid (AEU)
c. Undelivered Orders Outstanding (UOO)
d. Filled Customer Orders Uncollected (FCOU) ANS - Filled Customer Orders Uncollected (FCOU)
Before making a payment, the resource advisor (RA) verifies
a. goods/services are received
b. received report is processed
c. the invoice contains the proper data
d. goods/services are received and receiving report is processed ANS - Goods/services are received and
receiving report is processed
Which stage of accounting liquidates the obligation? ANS - AEP
Which type of accounting is used to record a transaction pertaining to sales made by the Air Force?
a. Reimbursement
b. Commitment
c. Obligation
d. Standard ANS - Reimbursement
Which stage pf reimbursement accounting occurs when Defense Finance and Accounting Service (DFAS)
records the payments received?
a. UOO
b. UFCO
c. FCOU
, d. Collected ANS - Collected
Which system was designed as a single point of entry system and to standardize the business rules?
a. Standard Procurement System (SPS)
b. Integrated Accounting Payable System (IAPS)
c. General Accounting and Finance System (GAFS)
d. Defense Enterprise Accounting and Management System (DEAMS) ANS - Defense Enterprise
Accounting and Management System (DEAMS)
Which area in the Defense Enterprise Accounting and Management System (DEAMS) is the business area
of the reimbursable process?
a. Discoverer Viewer
b. Order-to-Cash (O2C)
c. Budget-to-Reports (BTR)
d. Open Document Listing (ODL) ANS - Order-to-Cash (O2C)
Which Defense Enterprise Accounting and Management System (DEAMS) user role is responsible for
initiating the requisition process?
a. Requester
b. External reviewer
c. Contracting officer
d. Customer Service technician ANS - Requester
Which subsystem of the Defense Enterprise Accounting and Management System (DEAMS) processes
payment and collection data?
a. Electronic Document Access (EDA)
b. Standard Procurement System (SPS)
c. Automated Disbursed System (ADS)
d. Obligation Adjustment Reporting System (OARS) ANS - Automated Disbursed System (ADS)
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