CDFM FISCAL LAW All Modules Exam (2024) || Complete Questions & Solutions (100% Accurate)
0 view 0 purchase
Course
Fiscal Law
Institution
Fiscal Law
CDFM FISCAL LAW All Modules Exam (2024) || Complete Questions & Solutions (100% Accurate)
CDFM FISCAL LAW All Modules Exam (2024) || Complete Questions & Solutions (100% Accurate)
Is the shift from one purpose or activity to another within the same appropriations? - ANSWER - Reprogramming
...
CDFM FISCAL LAW All
2024 Modules Exam (2024) ||
Complete Questions &
Solutions (100%
Accurate)
Conceptial Research ||
conceptialresearch@gmail.com
, CDFM FISCAL LAW All Modules Exam
(2024) || Complete Questions &
Solutions (100% Accurate)
Is the shift from one purpose or activity to another within the same appropriations? -
ANSWER - Reprogramming
Is the shift from one purpose or activity to another between different appropriations?
- ANSWER - Transfer
The Package that lists all of the reprogramming actions and all sources and
increases is the? - ANSWER - Omnibus Reprogramming Request
The amount of obligational authority transferred from one agency bureau or account
that is set aside in a transfer appropriation account to carry out the purpose of the
parent appropriation is a (n)? - ANSWER - Allocations
The issuance of Treasury Warrants are the _____ ______ action taken after the
President signs the bill into law? - ANSWER - 1st legal
The 3 Dimensions of Budget Resource Availability are? - ANSWER - Purpose, Time
and Amount
______is required for reprogramming that result in increases in procurement
quantities of major program end items, changes to Congressional Interest Items in
an Authorization Act, movement of funds between appropriations involving General
Transfer Authority? - ANSWER - Congressional Prior Approval
T/F? For expired accounts recoveries of prior year obligations are available for new
obligations incurred in current year? - ANSWER - FALSE
The system that measures and controls the use of the resources according to the
purposes for which budget authority was enacted and that records receipts and other
collections by source? - ANSWER - Budgetary Accounting
______ is (are) the authority provided by Federal law to incur financial obligations
that will result in immediate or future outlays. - ANSWER - Budget Authority
Are the reduction or cancellation of new budget authority; unobligated balances, new
loan guarantee commitments or limitations? - ANSWER - Sequestration
appropriations
A footnote to apportionments should specify that, "Pursuant to 31 USC 1553(b) not
the exceed 1% of the total appropriations for this account is apportioned for the
purpose of paying legitimate obligations related to canceled appropriations" This is
called the? - ANSWER - One Percent Requirement
, Is any organizational, functional, programmatic, or other applicable subdivision, used
to delineate responsibilities under management control assessment procedures? -
ANSWER - Assessable Unit
The time frame for investigations of potential violations of the Anti deficiency Act,
including submission of the final report to the Under Secretary of Defense
Comptroller is? - ANSWER - 9 months
The formal program management control was established in DoD with the? -
ANSWER - Federal Managers Financial Integrity Act of 1982
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti
Deficiency Act? - ANSWER - FALSE
Agencies are responsible for maintaining a system of accounting and internal
controls to avoid violations of the? - ANSWER - 31 USC 1341, 1342, and 1517 ADA
The 2 provisions of the US Constitution that provide the underpinning for the budget
process are? - ANSWER - Article 1 Section 8 clause 1, Article 1 Section 9 clause 7
T/F? Article 2 section 8 empowers Congress to collect taxes and Section 9 requires
appropriations in law before money can be spent from the Treasury? - ANSWER -
FALSE
The penalty for willfully and knowingly violating the Anti Deficiency Act is? -
ANSWER - Up to 2 years and a $5,000 fine or both
Over obligation of an appropriation or funds and obligations or contracts in advance
of an appropriation is a violation of? - ANSWER - 31 USC 1341a
________ appropriations is (are) no longer available for adjustments or payments
any adjustments will be charged to current same appropriation (1% max)? -
ANSWER - Cancelled
Over-obligations of apportionments, allotments or other subdivision of funds are a
violation of? - ANSWER - 31 USC 1517
T/F? Not knowingly or willfully committing a violation of the Anti-Deficiency Act does
not, by itself, justify a decision to not impose disciplinary action against the
individual? - ANSWER - TRUE
It is the responsibility of the _____ to review and approve the agency systems of
administrative control of funds to prevent violations of the Anti-Deficiency Act? -
ANSWER - OMB
Acceptance of voluntary service is a violation of? - ANSWER - 31 USC 1342
Prescribe rules and procedures for budget execution. Many of the specific provisions
were previously enacted as Section 3679 of the revised statutes also known as the
Anti-Deficiency Act? - ANSWER - Chapters 13 and 15, 31 USC
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller conceptialresearchers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
