CDFM - Module 3 Final Exam | Updated Questions With Answers 2024 Rated 100%
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CDFM - Certified Defense Financial Manager
Institution
CDFM - Certified Defense Financial Manager
CDFM - Module 3 Final Exam | Updated Questions With Answers 2024 Rated 100%
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What are the three tests that must be met for use of the Necessary Expense doctrine? - Correct Answer Must bear a logical relationship
Not prohibited by law
Not funded elsewhere
(p 3.1.17)
Who grants relie...
What agency apportions funds for a working capital fund? - Correct Answer The
Office of Management and Budget (*OMB*)
(p. 2.1.71)
What is the acronym for disbursing office identification numbers? - Correct Answer
Disbursing Station Symbol Numbers (*DSSN*)
(p. 3.2.30)
,What three primary types of officials are accountable Individuals in the DoD? -
Correct Answer Certifying Officers (*CO*),
Disbursing Officers (*DO*),
Departmental Accountable Officials (*DAO*)
(p. 2.2.21, 2.2.64)
What is the normal collection method for debts owed by active military members and
civilian employees who are still in service? - Correct Answer Salary Offset garnishing
(p. 3.2.38)
When collecting debts owed by vendors that have failed to properly respond to the
demand letters, what is the next step? - Correct Answer Do Not Pay List
(p. 3.2.40)
When in doubt about the proper use of an appropriation, what may the disbursing
officer request form the OSD General Counsel on the propriety of the prospective
payment? - Correct Answer An Advance Decision
(p. 3.2.12)
When a civilian employee moves from a job overseas to a job in the states, which
organization pays for the Permanent Duty Travel? - Correct Answer The "*losing*"
activity
(the *OCONUS* activity)
(p. 3.2.22)
,Name the supporting documents required in the DoD Payment Package? - Correct
Answer Contract
Invoice
Proof of Receipt
Acceptance Document
(p. 3.2.24)
Name two key forms that provide accountability and control by Disbursing Officers? -
Correct Answer Standard Form *1219*, Statement of Accountability (monthly)
DD Form *2657*, Daily Statement of Accountability
(p. 3.2.44)
What term is used to describe Federal Government funds that have been paid but
have not yet been identified to a specific organization? - Correct Answer
Undistributed Disbursement
(p. 3.3.39)
The aggregate amount of an entity's funds in the Treasury is in what account? -
Correct Answer Fund Balance with Treasury
(p. 3.3.39)
Which three Federal agencies established the FASAB? - Correct Answer The
Government Accountability Office (*GAO*),
the Department of Treasury, and
, the Office of Management and Budget (*OMB*)
(p. 3.3.13)
What is the Federal law that specifically required existing CFO agencies to have
financial statements that successfully pass a financial audit? - Correct Answer The
Government Management Reform Act of 1994
(p. 3.4.5)
Which standards generally apply to all Federal Government audits? - Correct Answer
GAO Standards or GAGAS
(p. 3.4.10)
What type of budgetary resources remains available for new obligations for more
than one fiscal year? - Correct Answer Multi-year authority
(p. 3.1.24)
How many hours of continuing professional education must an auditor complete
every 2 years? - Correct Answer 80 hours in 2 years
(p. 3.4.14)
What is the minimum number of hours that must be completed in any year of the 2-
year period? - Correct Answer 20 hours minimum each year
(p. 3.4.14)
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