CDFM Module 3 Exam Questions with All Correct Answers

CDFM Module 3 Exam Questions with All Correct Answers 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 Noyear 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