100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Fiscal Law Module 3 Exam || Complete Questions & Solutions (Graded A+) $12.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Fiscal Law
  4.  
  5. Fiscal Law

Exam (elaborations)

Fiscal Law Module 3 Exam || Complete Questions & Solutions (Graded A+)
 0 purchase
  • Course
  • Fiscal Law
  • Institution
  • Fiscal Law

Fiscal Law Module 3 Exam || Complete Questions & Solutions (Graded A+) Fiscal Law Module 3 Exam || Complete Questions & Solutions (Graded A+) Fiscal Law - ANSWER - Is the body of law which govern the availability and use of public funds. Same as appropriation law. Fiduciary Certifier - ANSWE...

[Show more]

Preview 3 out of 16  pages

Document information

  • October 12, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bona fide needs rule
  • initial
  • fiscal law module 3 exam questions and answers
  • budget and accounting act of 1921
  • gao principles of federal appropriation law red b
  • multiyear service contracting authority

Written for

  • Fiscal Law
  • Fiscal Law

Seller

avatar-seller
conceptialresearchers

Reviews received

Content preview

Fiscal Law Module 3 Exam || Complete
Questions & Solutions (Graded A+)




Conceptial Research


, Fiscal Law Module 3 Exam || Complete
Questions & Solutions (Graded A+)
Fiscal Law - ANSWER - Is the body of law which govern the availability and use of
public funds. Same as appropriation law.

Fiduciary Certifier - ANSWER - Responsible for use of appropriated funds as to the
proper Purpose, Time, and Amount, and for those U.S. Codes pertaining thereto.
Fund Certifying official. There is no relief from ADA violation.

Pecuniary Certifier - ANSWER - Responsible for the accuracy of the disbursement of
funds (the payee officer - back end). Responsible for the repayment of any
disbursements made not in accordance with proper PTA requirements. Relief can be
granted when certain conditions are met.

Purpose, Time and Amount (PTA) - ANSWER - Federal appropriations law can be
categorized into which 3 topical areas.

Purpose - 31 USC 1301 - ANSWER - Funds may be obligated and expended only
for the purposes authorized in appropriations acts and other laws.

Time - 31 USC 1502 - ANSWER - The period of time during which budgetary
resources may be used to incur new obligations (ie. order new goods or services) is
different from the period of time during which the budgetary resources may be used
to incur expenditures (ie. pay bills)

Training
Travel
Postage
Books & Periodicals
Miscellaneous items - certain civic, charitable, and community support activities.
Employee time, outplacement support, notary support and others. - ANSWER - The
various purposes for which funds are authorized are found in general and specific
authorization bills passed by the Congress. All agencies received general operating
expenses funds for the day to day operations of their org. General operating
expenses using general appropriations are:

Authorization acts
Appropriation Acts
Comptroller General Decisions - ANSWER - Common sources of purpose
restrictions

Logical Relationship
Not prohibited by law
Not funded for elsewhere - ANSWER - When applying the necessary expense
doctrine, an expenditure can be justified after meeting a three-part test:

, Time - 31 USC 1502 - ANSWER - The balance of fixed term appropriation is
available only for payment of expenses properly incurred during the period of
availability or to complete contracts properly made within that period.

Obligation - ANSWER - Legal reservation for which payments or expenditures, will
be made in the future.

Expenditures - ANSWER - The cash payments made to liquidate an obligation

The constitution
Authorization acts
Appropriation acts
General Statutes
Comptroller General decisions and Courts - ANSWER - Sources of authority on the
use of public funds

Constitutional authority for the obligation and expending of funds esp the PTA of
appropriation
The ADA and its penalties
Use of funds under continuing resolution
Responsibilities of an accountable officer - ANSWER - Fiscal law spans the whole
field of financial mgmt and requires a familiarity with the following areas:

Article 1 Section 7 - ANSWER - empowers the Congress to pass bills for the raising
of revenue, and delineates how bills will pass from the Congress to the President for
signature or veto?

Article 1 Section 8 - ANSWER - Empowers Congress to collect taxes

Article 1 Section 9 - ANSWER - Requires appropriations in law before money may
be spent from the Treasury. The term
Appropriation applies to any law that permits a govt employee to spend money, not
just the regular appropriation bills.

GAO Principles of Federal Appropriation Law (Red Book) - ANSWER - The most
authoritative source of information on the proper use of appropriated funds. Contains
detailed guidance and numerous cases illustrating proper and improper uses of
funds.

Budget and Accounting Act of 1921 - ANSWER - Required the President to submit
an annual budget to Congress for all 3 branches of Fed Govt.; created a budget
office (OMB) for the President; established an oversight org for the Congress (GAO)

Congressional Budget Act of 1974
Congressional Budget and Emergency Deficit Control Act of 1985
31 USC 13 and 15
Impoundment Control Act of 1974
OMB Circular A-11 - ANSWER - Important laws and regulations in federal financial
management

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64670 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Package deal ·

(0)

HOSA Pathophysiology Exam Bundle 2023 With Complete Solution Graded A

Exam (elaborations) ·

(0)

SAFe PO/PM Certification Exam Questions and Answers fully verified

Exam (elaborations) ·

(0)

ECON 103 Show the effect of a rise in income on the demand for X and Y.

Package deal ·

(0)

CVS Pharmacy Technician Exam Bundle (Full pack solution) Graded A

Exam (elaborations) ·

(0)

PiCAT practice test Exam Questions and Answers Latest Update 2024

Exam (elaborations) ·

(0)

Driver's Ed Study Guide 2023-2024 Questions with Complete Answers.

Exam (elaborations) ·

(0)

(AAERT TEST) LEGAL TERMINOLOGY Question and answers 2024 verified to pass

Exam (elaborations) ·

(0)

NURS 629 Exam Practice 2023& study guide with complete solution

Exam (elaborations) ·

(0)

PATHO 370 Midterm Exam Questions and Answers/West Coast University
$12.49
  • (0)
Add to cart
Added