CDFM Module 3 Exam Questions with Complete Solutions | New Update 2024

CDFM Module 3 Exam Questions with Complete Solutions | New Update 2024 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 Accountabil