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B6F051 Part 1 - Multiple Choice + Added Questions & answers.
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B6F051 Part 1 - Multiple Choice + Added Questions & answers.
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B6F051 Part 1 - Multiple Choice + AddedQuestions & answers.
Overall responsibility for commitment accounting is maintained by
a. Resource Advisor (RA).
b. Financial Services Officer (FSO).
c. Financial Management Analysis (FMA).
d. Defense Finance and Accounting service (DFAS). ANS -c
The standard line of accounting is made up of how many major segments?
a. Step 11.
b. Step 13.
c. Step 15.
d. Step 17. ANS -b
What is the first segment in the standard line of accounting?
a. Fund.
b. FMA.
c. Treasury.
d. Budget line. ANS -a
Which funds are established to record collections for no year and clearing accounts?
a. Trust
b. Deposit
,c. General
d. Revolving ANS -b
The disbursement accounting process begins when
a. goods and received.
b. payment is received.
c. service is requested.
d. payment is requested. ANS -c
When a requirement is known but a firm price is not, an administrative reservation of funds is processed
and is also known as
a. an obligation.
b. an expenditure.
c. a disbursement.
d. a commitment. ANS -d
Which of the following is not an obligation stage?
a. Accrued Expenditures Paid (AEP).
b. Accured Expenditures Unpaid (AEU).
c. Undelivered Orders Outstanding (UOO).
d. Filled Customer Orders Uncollected (FCOU). ANS -d
Before making a payment, the resource advisor (RA) verifies
a. goods/services are received.
b. receiving report is processed.
, c. the invoice contains the proper data.
d. goods/services are received and receiving report is processed. ANS -d
Which stage of accounting liquidates the obligation?
a. AEP.
b. COO.
c. UOO.
d. AEU. ANS -a
Which type of accounting is used to record a transaction pertaining to sales made by the Air Force?
a. Reimbursement.
b. Commitment.
c. Obligation.
d. Standard. ANS -a
Which stage of reimbursement accounting occurs when Defense Finance and Accounting Service (DFAS)
records the payments received?
a. UOO.
b. UFCO.
c. FCOU.
d. Collected. ANS -d
Which system was designed as a single point of entry system and to standardize the business rules?
a. Standard Procurement System (SPS).
b. Integrated Accounts Payable System (IAPS).
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