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financial analysis, part b questions with answers.
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financial analysis, part b questions withanswers.
Financial Management Analysis (FMA) ANS - 1. (001) Overall responsibility for commitment accounting
is maintained by
Step 13 ANS - 2. (002) The standard line of accounting is made up of how many major segments?
Fund ANS - 3. (002) What is the first segment in the standard line of accounting?
Deposit ANS - 4. (002) Which funds are established to record collections for no year and clearing
accounts?
service is requested ANS - 5. (003) The disbursement accounting process begins when
commitment ANS - 6. (003) When a requirement is known but a firm price is not, an administrative
reservation of funds is processed and is also known as
Filled Customer Orders Uncollected (FCOU) ANS - 7. (003) Which of the following is not an obligation
stage?
goods/services are received and receiving report is processed ANS - 8. (003) Before making a payment,
the resource advisor (RA) verifies
AEP ANS - 9. (003) Which stage of accounting liquidates the obligation?
Reimbursement ANS - 10. (003) Which type of accounting is used to record a transaction pertaining to
sales made by the Air Force?
,Collected ANS - 11. (003) Which stage of reimbursement accounting occurs when Defense Finance and
Accounting Service (DFAS) records the payments received?
Defense Enterprise Accounting and Management System (DEAMS) ANS - 12. (004) Which system was
designed as a single point of entry system and to standardize the business rules?
Order-to-Cash (O2C) ANS - 13. (004) Which area in the Defense Enterprise Accounting and
Management System (DEAMS) is the business area of the reimbursable process?
Requester ANS - 14. (004) Which Defense Enterprise Accounting and Management System (DEAMS)
user role is responsible for initiating the requisition process?
Automated Disbursing System (ADS) ANS - 15. (005) Which subsystem of the Defense Enterprise
Accounting and Management System (DEAMS) processes payment and collection data?
Standard Base Supply System (SBSS) ANS - 16. (005) Which is not a subsystem of the Defense Enterprise
Accounting and Management System (DEAMS)?
Obligation Adjustment Reporting System (OARS) ANS - 17. (006) Which system is a tool for categorizing,
reporting, and, obtaining approval of upward adjustments to expired and canceled appropriations?
Electronic Document Access (EDA) ANS - 18. (006) Which system is a Web-based document repository
system that supports information needs of the Defense Finance and Accounting Service (DFAS) and the
service agencies of the Department of Defense (DOD)?
Comptroller ANS - 19. (007) Who appoints the certifying official in writing?
Certifying official ANS - 20. (007) Who is held pecuniary liable for erroneous payments?
Commitment ANS - 21. (008) In which stage of accounting does fund certification take place?
, A bona fide need for goods or services in the fiscal year the funds are issued. ANS - 22. (009) Which
need should be met when commitments for annual appropriations are incurred?
Two through five years ANS - 23. (009) Commitments against a multiple year appropriation can cover
which timeframe?
A reportable violation may occur ANS - 24. (009) If valid obligations exceed the amount of an Air Force
Form 616, what happens next?
AF Form 4009 ANS - 25. (009) Which commitment document is used to designate the standard line of
accounting for charges by the cardholders within the various organizations on base?
SF 1449 ANS - 26. (010) Which document is the most commonly used contracting document to procure
supplies or services from local vendors?
SF 1442 ANS - 27. (010) Which document would you use for construction projects exceeding $250,000?
Performing activity ANS - 28. (010) Who determines the category for a Military Interdepartmental
Purchase Request (MIPR)?
Requesting activity ANS - 29. (010) With a direct cite Category II, Military Interdepartmental Purchase
Request (MIPR), who funds the cost for material or services provided?
Obligations for training ANS - 30. (010) For what purpose would you use Standard Form (SF) 182?
Receiving report ANS - 31. (010) Which document is considered evidence of financial liability?
AEU ANS - 32. (010) A receiving report represents which stage of accounting?
AF Form 9 ANS - 33. (010) Which document is not maintained in Wide Area Work Flow (WAWF)?
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