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CDFM Module 1 questions with answers. $11.49   Add to cart

Exam (elaborations)

CDFM Module 1 questions with answers.

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  • CDFM - Certified Defense Financial Manager
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  • CDFM - Certified Defense Financial Manager

CDFM Module 1 questions with answers.

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  • September 22, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
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CDFM Module 1 questions with answers.
Constitution Article 1 ANS -Legislative Branch

-power of the purse

-passes laws

-raises taxes

-borrow money

-regulate commerce

-conscript forces

-declare war

-raise monies



Constitution Article II ANS -Executive Branch

-execute/implement laws

-authority to make decision regarding military resources



Constitution Article III ANS -Judicial

-supreme court and power courts

-interprets law



OMB Circular A-11 ANS -Preparation, Submission, and Execution of the Budget



USC 5 ANS -Gov. Org. and Employees



USC 10 ANS -Armed Forces



USC 18 ANS -Crime and Criminal Procedures

,USC 31 ANS -Money and Finiance



USC 41 ANS -Public Contracts



Line Item Veto ANS -bills must originate in congress, Clinton administration was deleting provisions,
ruled unconstitutional



House ANS -Where does a bill for raising revenue generate



Joint Resolution ANS -- little difference from a bill

-becomes a law in the same manner as a bill

-goes to president for signature



Concurrent Resolution ANS --affects both the house and the senate

-not presented to the president for signature



Simple Resolution ANS --affects either the house or the senate

-one of the other agrees to something

-not presented to the president



Anyone, but only congress can introduce it ANS -Who can propose legislation?



OMB ANS -Who manages the legislative agenda for the president?



Bill in the "hopper" ANS -any bill introduced by a member of congress while in session



Bill in "mark up" ANS --members study viewpoint in detail

-vote on amendments

, "Clean Bill" ANS -a new bill that is stemmed from an old bill because it had so many changes or
amendments



Engrossed Bill ANS -has passes the house or senate



Conference Committiees ANS --selected by each chamber

-considers the third chamber of congress

-no limit on members



Enrolled Bill ANS -a bill passd in identical forms in both chambers



Pocket veto ANS -president doe snot sign a bill in 10 days and congress is not in session, bill dies



The Budget Cycle ANS -1. Formulation

2. Congressional Action

3. Budget Execution



1974 Congressional Budget Act ANS --Established HBC and SBC, CBO

-the president must submit to congress the proposed budget for the next FY by the first Monday in
February



Budget Formulation Steps ANS -1. OMB Issues guidnace/allowance letters (5 years) - 1st Monday in Feb.

2. Organiztions develop drafts - March - May

3. Agency submits budget estimates to OMB (1+4)- Sept/Oct

4. OMB holds hearings

5. President makes decision - Jan/Feb

6. President transmits budget to congress



1st Monday in February, allowance letter with 5 years of planning levels ANS -When does OMB issue
guidance in the budget formulation process

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