CDFM Module 3 Exam 2024 | CDFM
Module 3 Actual Exam Update Latest
2024 Questions and Correct Answers
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Federal appropriations law can be categorized into which three topical
areas? -ANSWER-Purpose, Time and Amount
In the Department of Defense, final decision of fiscal law questions are
"officially" rendered by whom? -ANSWER-DoD General Counsel,
Courts
What are the basic types of budget authority used in the Federal
Government? -ANSWER-Appropriations
Contract Authority
Borrowing Authority
Monetary Credits
Offsetting Collections and Receipts
Loan and Loan Guarantee Authority
Annual appropriations remain available for new obligations for how
long? -ANSWER-They normally remain available for new obligations
for ONE fiscal year
Operation and Maintenance (O&M) is an example of what type of
appropriation -ANSWER-Annual appropriation
RDT&E is an example of what type of appropriation? -ANSWER-Multi-
year appropriation
Budget authority does not expire in what type of appropriation? -
ANSWER-No-year appropriation
,Article 1, Section 9, of the U.S. Constitution gives the power to
appropriate funds for operating the Government to which branch of the
Government? -ANSWER-Legislative Branch (Congress)
Which law established the House and the Senate Budget Committees
and the Congressional Budget Office (CBO)? -ANSWER-
Congressional Budget Act of 1974
What are the three tests that must be met for use of Necessary
Expense doctrine? -ANSWER-Must bear a logical relationship, not
prohibited by law, not funded elsewhere
Who are determined to be accountable individuals in the DoD? -
ANSWER-Certifying and Disbursing Officers and Departmental
Accountable Officials
Who grants relief of liability to a certifying officer for erroneous or
illegal payments in the Department of Defense? -ANSWER-DFAS
What type of budgetary resources remain available for new obligations
for more than one fiscal year? -ANSWER-Multi-year authority
What type of budgetary resources remains available for new
obligations until the purpose for which they were provided is carried
out? -ANSWER-No-year authority
What type of Congressional resolution can be thought of as a
temporary appropriations act? -ANSWER-Continuing resolution
If a Contracting Officers signs a contract in advance of an
appropriation, what type of violation ahs occurred? -ANSWER-Anti
Deficiency Act Violation
What agency apportions funds for working capital fund? -ANSWER-
OMB
,What are the four major functions in DoD Finance? -ANSWER-
Entitlements, Payments, Collections, Control of Public Funds
What is the primary organization in DoD with the responsibility for
Finance requirements? -ANSWER-DFAS
What is the acronym for disbursing office identification number? -
ANSWER-DSSN
What three primary types of officials are accountable Individuals in the
DoD? -ANSWER-Certifying Officers, Disbursing Officers,
Departmental Accountable Officials
Debt collection incudes collection of debts from what three groups? -
ANSWER-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? -ANSWER-
Salary Offset
When collecting debts owed by vendors that have failed to properly
respond to the demand letters, what is the next step? -ANSWER-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? -ANSWER-An advance
decision
To what, along with accountability, does certification equate? -
ANSWER-Liability
Who, besides the disbursing officer, is likely to be held accountable for
an improper payment? -ANSWER-The Certifying Officer
, If a civilian employee receives less than 90% of his or her normal
biweekly pay and allowances, what may he or she request? -
ANSWER-Special Pay
When a civilian employee moves from a job overseas to a job in the
states, which organization pays for the Permanent Duty Travel? -
ANSWER-The "losing" activity (the OCONUS activity)
Name the supporting documents required in the DoD Payment
Package. -ANSWER-Contract
Invoice
Proof of Receipt
Acceptance Document
Name two key forms that provide accountability and control by
Disbursing Officers -ANSWER-Standard Form 1219 Statement of
Accountability (monthly), DD Form 2657, Daily Statement of
Accountability
Which individuals hold personal and pecuniary liability for their actions
in financial transactions? -ANSWER-Certifying Officers, Disbursing
Officers, and Departmental Accountable Officials
How often does the disbursing officer need to inspect and document
office security measures? -ANSWER-Semi-Annually
The Budget and Accounting act of 1921 established the GAO
(Legislative Branch) to audit financial transactions of which branch of
the government? -ANSWER-Executive Branch
The GPRA requires agencies to define goals, set performance targets,
and report what? -ANSWER-Actual Performance
Any enforceable agreement between an agency and a business
concern for the acquisition of property or services is called what? -
ANSWER-A Contract
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