CERTIFIED DEFENSE FINANCIAL MANAGER
(CDFM) EXAM ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+
Most common apportionment - ANSWERS-Quarterly
Who issues appropriation warrant - ANSWERS-Treasury
Who requests apportionment for Defense? - ANSWERS-OSD (within 10 days of
appropriation act passing)
Who allocates to Military Departments? - ANSWERS-OSD
How do military get their allotments? - ANSWERS-Via the FAD
Temporary warrants - ANSWERS-Prepared by the agency during a CR and
submitted to Treasury
,Which branch of government implements laws? - ANSWERS-Executive
Approximately what percent of federal spending is discretionary? - ANSWERS-30%
How frequently does congress review the DoD budget request? - ANSWERS-
Annually
Who attempts to resolve differences between the House and Senate versions of a
bill? - ANSWERS-Conference Committee
Which agency issues direction for submitting budget estimates? - ANSWERS-OMB
What type of legislation provides an agency with budget authority? - ANSWERS-
Appropriation Acts
What term is used to describe a subdivision of an apportionment? - ANSWERS-
Allotment
What agency issues apportionments? - ANSWERS-OMB
Which branch of government conducts hearings on the effectiveness of
government programs? - ANSWERS-Legislative
,In the federal budget process, who is responsible for submitting budget
estimates? - ANSWERS-Agencies
What was the predecessor to the Constitution? - ANSWERS-Articles of
Confederation
Where are Federal-Level laws enacted? - ANSWERS-Congress
What Article, Section and Clause empowers Congress to collect taxes - ANSWERS-
Article 1, Section 8, Clause 1
What occurs when the President does not sign an enrolled bull within 10 days? -
ANSWERS-Pocket Veto
What is the largest source of federal government tax revenue? - ANSWERS-
Individual Income Taxes
What are requests for funds in addition to amounts already appropriated? -
ANSWERS-Supplemental
What financial control document is issued by the Treasury Department following
signature of the Appropriations Act? - ANSWERS-Appropriations Warrant
, What term describes a postponement in the use of appropriated funds? -
ANSWERS-Deferral
What term describes a cancellation of appropriated funds? - ANSWERS-Rescission
After the DoD Appropriations Bill is signed into law, what does DoD request from
OMB? - ANSWERS-Apportionment
A legal reservation of funds in known as what? - ANSWERS-Obligation
What term is used to identify a certification provided to a KO from the
comptroller authorizing Purpose, Time and Amount? - ANSWERS-Fiduciary
Certification
A fiduciary certification is the basis for what? - ANSWERS-Commitment
Define Budget Authority - ANSWERS-Amount of money available to an
organization for obligation
Define Outlays - ANSWERS-Funds that have actually been moved from the Federal
Treasury
Monitoring requirements in budget execution involves: - ANSWERS-1.
Administrative control of funds
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