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CDFM Module 2 questions with answers.

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

CDFM Module 2 questions with answers.

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  • October 25, 2024
  • 63
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
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CDFM Module 2 questions with answers

What are the OSD Decision Making Forums? - .......ANSWERS 🔷🖊✔✔3 star program
review
Deputy Management Action Group (DMAG)
Secretary of Defense Large & Small Groups


What law identifies the Chairman Joint Chiefs of Staff as senior ranking member of
the Armed Services - .......ANSWERS 🔷🖊✔✔Goldwater Nichols DoD Reorganization
Act 1986


The military operational chain of command runs from the President to whom
- .......ANSWERS 🔷🖊✔✔The Secretary of Defense to the Combatent Commanders


The Commanders of the Combatant Commands are responsible to whom for
accomplishing the assigned military mission? - .......ANSWERS 🔷🖊✔✔President and
Secretary of Defense


The Chairman of the Joint Chiefs of Staff is the principal advisor to which officials
and/or organizations? - .......ANSWERS 🔷🖊✔✔President, National Security Council,
Secretary of Defense


Who serves as Chairman of the National Security Council - .......ANSWERS 🔷🖊
✔✔President


Name the three major phases of the PPBE process that result in the DoD portion of
the Presidents Budget that is submitted to Congress - .......ANSWERS 🔷🖊
✔✔Planning, Programming, Budget


What is the name of the process used by the DoD to determine the dollar amounts
for programs to be submitted to Congress as part of the Presidents Budget
- .......ANSWERS 🔷🖊✔✔PPBE (planning, programming, Budget, execution)

,What is the title of the senior OSD official responsible for the planning phase of the
PPBE process - .......ANSWERS 🔷🖊✔✔Under Secretary of Defense (Policy)


What is the title of the senior OSD official who is responsible for issuing
programming guidance? - .......ANSWERS 🔷🖊✔✔Director, Cost Assessment and
Program evaluation D,CAPE


What is the title of the senior OSD official who is principal advisor and assistent to
the SECDEF for budget and financial matters? - .......ANSWERS 🔷🖊✔✔Under
Secretary of Defense (Comptroller)/Chief Financial Officer


The Under Secretary of Defense (Acquisition, Technology & Logistics) serves as the
Chairman of what Board - .......ANSWERS 🔷🖊✔✔Defense Acquisition Board (DAB)


Assume todays date is 1 March 2014 and your organization knows about a new
project or requirement that will require its initial funding in FY 2021. What is the first
PPBE related document in which you could identify resources for that requirement
- .......ANSWERS 🔷🖊✔✔POM 2017 - 2021


What is the title of the final document of the planning phase? - .......ANSWERS 🔷🖊
✔✔Defense Planning Guidance (DPG)


What is the title of the document prepared by the D,CAPE and USD(C) in the May to
June time frame that provides guidance to Components for preparation of their POM
and BES submissions? - .......ANSWERS 🔷🖊✔✔Integrated Program/Budget Review
Guidance


What is the name of the automated database that summarizes all forces, resources,
and equipment associated with programs approved by the Secretary of Defense?
- .......ANSWERS 🔷🖊✔✔Future Years Defense Program (FYDP)


What is the phase of the PPBE process in which programmatic decisions are
translated into requested resources in an appropriations format - .......ANSWERS
🔷🖊✔✔Budgeting (Budget Development)

,What is the name of the document prepare by the Joint Staff after its review of
POMs submitted by the Military Departments that focuses on the balance and
capabilities contained in those POMs? (This document provides SECDEF with the JCS
evaluation of the Military Departments submissions) - .......ANSWERS 🔷🖊
✔✔Chairman's Program Assessment (CPA) {Chairman, JCS}


Near the end of the budget review process the SECDEF and DEPSEC may conduct a
review of Component major policy or budget issues that have not yet been resolved.
Resolution of these issues may displace other programs within the fixed DoD
topline. What is the name of this review? - .......ANSWERS 🔷🖊✔✔Issue Resolution


Following a review of a Component's budget submission and a potential budget
hearing in the fall timeframe the reviewing USD(C) budget analyst prepares a draft
document that is submitted to the DEPSECDEF or SECDEF for a decision. Once
signed by one of those senior officials , what is the document called?
- .......ANSWERS 🔷🖊✔✔Resource Management Decision


After all resource-related decisions have been made by the DEPSECDEF or SECDEF
to determine the Defense portion of the President's Budget, the USD(C) posts final
decisions into a database in the proper appropriation account format. What is the
title of that database? - .......ANSWERS 🔷🖊✔✔Comptroller Information System
(CIS)


Advance Procurement is an exception to what funding policy? - .......ANSWERS 🔷🖊
✔✔Full Funding Policy


Within what type of document does Congress specify the number of fiscal years that
an appropriation account remains current and available for new obligations?
- .......ANSWERS 🔷🖊✔✔An appropriation bill (becomes law when signed by
President)


There are two primary methods by which DoD obligates the vast majority of its
appropriations. Name those two methods - .......ANSWERS 🔷🖊✔✔Contracts and
MIPRS


Assume an agency has issued an Economy Act order to another Federal Agency for
specific services, the cited appropriation has gone into an expired status and the
servicing agency has neither provided the ordered services nor has entered into an

, authorized contract with another entity to provide ordered services. What must now
be done with those obligated funds? - .......ANSWERS 🔷🖊✔✔De-obligate


What is the term used for shifting funds between appropriations? - .......ANSWERS
🔷🖊✔✔Transfer action


What is the long term financial goal of a working capital fund? - .......ANSWERS 🔷🖊
✔✔To break even


A working capital fund has an officer (O-4) properly assigned to the organization and
that officer is doing the work that would normally be performed by a GS-13. For
managerial cost accounting purposes, is the "cost" of that officer's pay and benefits
"charged" at the military O-4 rate or the civilian GS-13 rate? - .......ANSWERS 🔷🖊
✔✔Civilian GS-13 rate (and the proper MILPER account is reimbursed for that
amount)


Assume your organization overpaid a contractor on a contract awarded with an
appropriation that is now in the cancelled status, and the contractor has sent in a
check for that overpayment. What can your organization legally do with that refund
from the contractor? - .......ANSWERS 🔷🖊✔✔Credit the refund to the miscellaneous
receipts of the US Treasury


Monies not appropriated by Congress that are generated primarily from the sale of
goods and services are known as what? - .......ANSWERS 🔷🖊✔✔Non-appropriated
Funds


What is the mission of the DoD? - .......ANSWERS 🔷🖊✔✔Deter war
To protect the security of our country


Who reports to the SECDEF - .......ANSWERS 🔷🖊✔✔3 Military Departments (Army,
Navy, Air Force)
17 Defense agencies
Multiple field activites

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