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FINANCIAL MANAGEMENT AND COMPTROLLER JOURNEYMAN QUESTIONS WITH ANSWERS. $9.99   Add to cart

Exam (elaborations)

FINANCIAL MANAGEMENT AND COMPTROLLER JOURNEYMAN QUESTIONS WITH ANSWERS.

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  • Course
  • CDFM - Certified Defense Financial Manager
  • Institution
  • CDFM - Certified Defense Financial Manager

FINANCIAL MANAGEMENT AND COMPTROLLER JOURNEYMAN QUESTIONS WITH ANSWERS.

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  • September 22, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
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Professorkaylee
FINANCIAL MANAGEMENT AND
COMPTROLLER JOURNEYMAN
QUESTIONS WITH ANSWERS.
WHAT IS THE MAJOR DIFFERERENCE BETWEEN THE RESPONSIBILITIES OF THE FINANCIAL MANAGEMENT
ANALYSIS AND DFAS? ANS - FMA HANDLES THE ACCOUNTING PROCESSES AT BASE LEVEL AND SERVES
AS A LIAISON BETWEEN THE BASE ORGANIZATION AND DFAS



OVERALL RESPONSIBILITY FOR OBLIGATION ACCOUNTING IS MANAGED BY ANS - FINANCE AND
ACCOUNTING



ALL ACCOUNTING CLASSIFICATIONS MUST CONTAIN AT LEAST THE ACCOUNTING AND DISBURSING
STATION NUMBER (ADSN) AND THE ANS - APPROPRIATION SYMBOL



WHICH STEP IN DETERMINING THE ELEMENTS OF THE ACCOUNTING CLASSIFICATION TELLS YOU TO
ENSURE THE ACCOUNTING STATION NUMBER IS NOTED? ANS - STEP 5



WHICH FUNDS ARE ESTABLISHED TO RECORD COLLECTIONS FOR NO YEAR AND CLEARING ACCOUNTS?
ANS - DEPOSIT



WHICH CODE IDENTIFIES "WHAT" IS BEING PURCHASED? ANS - EEIC



WHAT CODE IS THE FIRST SUBDIVISION OF THE ACCOUNTING CLASSIFICATION BELOW THE
APPROPRIATION LEVEL AND ALWAYS STARTS WITH THE LETTER "P"? ANS - BUDGET PROGRAM



THE DISBUREMENT ACCOUNTING PROCESS BEGINS WHEN ANS - SERVICE IS REQUESTED



WHEN A REQUIREMENT IS KNOWN, BUT A FIRM PRICE IS NOT, AN ADMINISTRATIVE RESERVATION OF
FUNDS IS PROCESSED AND IS ALSO KNOWN AS ANS - A COMMITMENT STAGE



WHICH STAGE OF ACCOUNTING LIQUIDATES THE OBLIGATION? ANS - AEP

, AFTER RECEIVING UTILITIES ESTIMATES FROM CIVIL ENGINEERING (CE), DFAS ENTERS THE NOTE INTO
ANS - GENERAL ACCOUNTING AND FINANCE SYSTEMS (GAFS) AS UNFILLED CUSTOMER ORDERS (UFCO).



WHAT IS THE FIRST STEP IN IDENTIFYING THE STAGES OF ACCOUNTING? ANS - DETERMINE THE TYPE
OF ACCOUNTING YOU ARE WORKING WITH.



WHEN IDENTIFYING THE STAGE OF ACCOUNTING FOR OBLIGATIONS, WHICH STEP DIRECTS YOU TO
ENSURE THAT FUNDS ARE AT THE PROPER DISBURSEMENT STAGE? ANS - STEP 2



THE GENERAL ACCOUNTING AND FINANCE SYSTEM (GAFS) USES INTERNAL FILES TO TRACK FUNDS AND
STORES THEM ON A MAGNETIC DISK, THIS STORAGE IS ALSO CALLED ANS - IMMEDIATE ACCESS
STORAGE



WHICH RECORD IS NOT ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR? ANS - DOCUMENT
SUMMARY RECORD (DSR)



EACH COMBINATION OF ELEMENT OF EXPENSE /INVESTMENT CODE (EEIC) AND RESPONSIBILITY
CENTER/COST CENTER (RC/CC) CODES REQUIRES A SEPERATE ANS - (PSR) PROGRAM SUMMARY
RECORD



WHICH SYSTEM WAS DESIGNED TO AUTOMATE THE ACCOUNTS PAYABLE PROCESS? ANS - INTEGRATED
ACCOUNTS PAYABLE SYSTEM (IAPS)



WHAT IS THE LINK BETWEEN THE INTIGRATED ACCOUNTS PAYABLE SYSTEM (IAPS) AND THE GENERAL
ACCOUNTING AND FINANCE SYSTEM (GAFS)? ANS - ICI



WHAT SYSTEM IS USED TO APPROVE UPWARD ADJUSTMENTS TO EXPIRED AND CANCELLED
APPROPRIATIONS? ANS - OBLIGATION ADJUSTMENT REPORTING SYSTEM (OARS)



WHAT IS THE NEXT STEP AFTER AN AUTOMATED BUSINESS SERVICES SYSTEM (ABSS) USER SELECTS THE
FORM TYPE? ANS - ADD THE ADMINISTRATIVE DATA

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