CDFM - Module 3
___ account for the receipt and expenditure of monies by using the Government for carrying
out unique functions and applications with the terms of a statute that designates the fund as
a ___, or for sporting out the stipulations of an agreement wherein the Nation is the
beneficiary. - ANS-Trust budget
___ are ___ bills wherein the balances are not available for incurring new responsibilities
because the time to be had for incurring such obligations has expired - ANS-Expired
Appropriations / appropriation
___ are *one* monetary year funds... - ANS-Annual Appropriations
___ are amounts earned and amassed from the selling of goods and services. -
ANS-Reimbursements
___ are specific commands that may cross economic years. - ANS-Project Orders
___ are DoD military members and civilian employees who are specific in writing and are not
otherwise accountable beneath applicable regulation, who gives source facts, information, or
provider (along with a receiving legit, a cardholder, or an automatic facts machine
administrator) to a certifying or disbursing officer in aid of the fee process. -
ANS-Departmental Accountable Officials
___ are Federal Government budget which have been paid, however for whatever cause,
have no longer but been identified to a specific company; therefore, they placed in a
suspense account. - ANS-Undistributed disbursements
___ are for habitual paintings or services of a habitual nature generally within one financial
yr. - ANS-Economy Act Orders
___ are budget covered by way of primary legal guidelines that permit the Secretary of the
Treasury to pay without further enactment by using Congress. - ANS-Permanent (Indefinite)
Appropriations
___ are finances which might be available for *extra* than one fiscal year. - ANS-Multiyear
Appropriations
___ are legal reservations for which payments, or expenses, could be made in the destiny. -
ANS-Obligations
___ are PP&E which can be precise for one or more of the following motives: historical,
natural, cultural, educational significance; artistic importance; or large architectural traits. -
ANS-Hertiage Assets
___ are revolving funds that conduct enterprise-kind operations in the main inside and
*among* Government companies - ANS-Intragovernmental finances
___ are revolving budget used for programs authorized through regulation to conduct a cycle
of business-kind operations, commonly with the *public*, wherein outlays generate
collections. - ANS-Public employer price range
___ are the *more* a part of the price range and record receipts now not earmarked by law...
- ANS-General Funds
___ are the cash bills made to liquidate an obligation. - ANS-Expenditures
___ are the internet amount of duties in a given account for which charge has not yet been
made. - ANS-Obligated Balances
,___ are the recovery of extra payments and are credited to the appropriation that made the
fee. - ANS-Refunds
___ are believe price range credited with collections earmarked by way of law to carry out a
cycle of enterprise-type operations. - ANS-Trust revolving funds
___ are used to temporarily account for transactions that you recognize belong to the
Government however you cannot healthy to a specific receipt or expenditure account. -
ANS-Clearing bills
___ are had been the Government does act as a true trustee. - ANS-Deposit finances
___ as accountable individuals, are answerable for disbursing cash best as supplied by
means of vouchers duly licensed by means of legal certifying officers. - ANS-Disbursing
Officers
___ because the system of accumulating, measuring, studying, decoding, and reporting
cost. ___ is a fundamental a part of the financial management device in that it supports and
gives facts to the budgetary and financial accounting capabilities and, with the aid of itself,
provides beneficial information for each internal and outside customers. - ANS-Managerial
value accounting
___ consist of receipt money owed for Federal fund receipts that legal guidelines have
earmarked for *specific* purposes - ANS-Special Funds
___ includes tangible assets categorised as both Heritage Assets or *Stewardship* Lang. -
ANS-Stewardship PP&E
___ do no longer expire. - ANS-No-Year Appropriations
___ encompass all personnel, whether or not navy or civilian, who're departmental
accountable officers (DAOs), certifying officials, and disbursing officers. - ANS-Accountable
Individuals
___ consist of the issuance of tests, disbursement of coins, or digital transfer of finances
made to liquidate a Federal obligation. - ANS-Outlays
___ is *land* and land rights apart from that received for or in connection with General
PP&E, land received through the public domain, or land received at now not fee. -
ANS-Stewardship Land
___ is a petty cash fund inside the form of foreign money or coin for specifically authorized
coins payments. The use of ___ for unclassified programs is not authorized in DoD except
unique authority has been asked and granted by means of the Office of Deputy CFO, OUSD
(Comptroller). - ANS-Imprest Fund
___ is an existing circumstance, state of affairs, or set of occasions regarding uncertainty as
to feasible advantage or loss to an entity with a view to in the end be resolved whilst one or
more future activities occur or fail to occur. - ANS-Contingency
___ is legally establishing blessings to any individual, business, or Government unit
assembly eligibility requirements hooked up by means of regulation. - ANS-Entitling
___ is the combination amount of price range an entity has on the Treasury to make prices
and to pay liabilities or to purchase belongings, items, and services. - ANS-Fund Balance
with Treasury
___ is the dollar amount of appropriations used to fund items and offerings obtained or
advantages or offers provided. - ANS-Expended Appropriations
___ is the rational allocation of the full acquisition fee of a General PP&E asset over its
anticipated beneficial life. - ANS-Depreciation
___ arise whilst an entity has given funds to others in anticipation of receiving a future
benefit. - ANS-Advances
, ___ happens whilst price range visit the wrong recipent, the recipient gets the wrong amount
of funds (including overpayments and underpayments), documentation isn't always to be had
to help a payment, or the recipent uses finances in an wrong manner. - ANS-Improper
Payments
___ allows an company to obligate budget in advance of appropriations. - ANS-Contract
Authority
___ services are the ones for which the the Government receives something useful at once
upon the expenditure of finances or by the stop of the economic 12 months, e.G. Ordinary
protection, housekeeping services, and trash collection. - ANS-Severables
___ offerings are people who can not be separated into increments in order to provide some
thing beneficial at the cease of the economic year, e.G. Overhaul of a deliver that takes two
or extra years or improvement of a software program software that will result in a precise
end product after multiple yr of work. - ANS-Non-severable
(True/False) A reservist that is going to annual education and has no dependents is entitled
to partial allowance for housing. - ANS-True
(True/False) Relief can be granted for either a loss of cash or miscertification whilst certain
conditions are met. - ANS-True
(True/False) There is alleviation from ADA violations in sure occasions. - ANS-False
*DD Form 2659* have to be organized day by day to summarize the transactions through
voucher wide variety. It should discover the sort of charge and is used to guarantee that
every one voucher numbers are accounted for and that all price and series vouchers are
entered in accountability information. - ANS-Voucher Control Log
1010 DR
3010 CR - ANS-*DR*-Fund Balance with Treasury (checkbook)
*CR*-Unexpended Appropriations-Appropriation Received
1511 DR
2110 CR - ANS-*DR*-Operating Materials and Supplies Held for Use
*CR*-Accounts Payable
1921 Budget and Accounting Act mounted - ANS-the GAO to audit the Executive Branch
1949 Federal Property and Administrative Services Act set up the - ANS-GSA
1950 Accounting and Auditing Procedures Act: - ANS-- required apportionment, allocation
structures;
- extended anti-deficiency, required reporting;
- mandated concepts/standards; and
- installed Joint Financial Management Improvement Program (JFMIP)
1982 Debt Collection Act, as amended by the Debt-Collection Improvement Act of 1996, -
ANS-bolstered capacity to acquire receivables from folks that owe the authorities.
1982 Federal Managers' Financial Intergrity Act (FMFIA) required - ANS-organizations to set
up an Internal Control Program and report annually any elements in their accounting
structures not conforming to GAO's concepts/requirements.
1982 Prompt Payment Act required - ANS-businesses to pay bills while due or pay hobby
and to no longer pay in advance unless tremendous to the governments.
1990 Chief Financial Officers (CFO) Act required - ANS-appointment of a Chief Financial
Officer in 24 main Federal corporations and required audited economic reports for business
operations.
1993 Government Performance and Results Act (GPRA) as amended through the GPRA
Modernization Act of 2010 (P.L. 111-352) required companies to: - ANS-- Define
lengthy-term dreams;
___ account for the receipt and expenditure of monies by using the Government for carrying
out unique functions and applications with the terms of a statute that designates the fund as
a ___, or for sporting out the stipulations of an agreement wherein the Nation is the
beneficiary. - ANS-Trust budget
___ are ___ bills wherein the balances are not available for incurring new responsibilities
because the time to be had for incurring such obligations has expired - ANS-Expired
Appropriations / appropriation
___ are *one* monetary year funds... - ANS-Annual Appropriations
___ are amounts earned and amassed from the selling of goods and services. -
ANS-Reimbursements
___ are specific commands that may cross economic years. - ANS-Project Orders
___ are DoD military members and civilian employees who are specific in writing and are not
otherwise accountable beneath applicable regulation, who gives source facts, information, or
provider (along with a receiving legit, a cardholder, or an automatic facts machine
administrator) to a certifying or disbursing officer in aid of the fee process. -
ANS-Departmental Accountable Officials
___ are Federal Government budget which have been paid, however for whatever cause,
have no longer but been identified to a specific company; therefore, they placed in a
suspense account. - ANS-Undistributed disbursements
___ are for habitual paintings or services of a habitual nature generally within one financial
yr. - ANS-Economy Act Orders
___ are budget covered by way of primary legal guidelines that permit the Secretary of the
Treasury to pay without further enactment by using Congress. - ANS-Permanent (Indefinite)
Appropriations
___ are finances which might be available for *extra* than one fiscal year. - ANS-Multiyear
Appropriations
___ are legal reservations for which payments, or expenses, could be made in the destiny. -
ANS-Obligations
___ are PP&E which can be precise for one or more of the following motives: historical,
natural, cultural, educational significance; artistic importance; or large architectural traits. -
ANS-Hertiage Assets
___ are revolving funds that conduct enterprise-kind operations in the main inside and
*among* Government companies - ANS-Intragovernmental finances
___ are revolving budget used for programs authorized through regulation to conduct a cycle
of business-kind operations, commonly with the *public*, wherein outlays generate
collections. - ANS-Public employer price range
___ are the *more* a part of the price range and record receipts now not earmarked by law...
- ANS-General Funds
___ are the cash bills made to liquidate an obligation. - ANS-Expenditures
___ are the internet amount of duties in a given account for which charge has not yet been
made. - ANS-Obligated Balances
,___ are the recovery of extra payments and are credited to the appropriation that made the
fee. - ANS-Refunds
___ are believe price range credited with collections earmarked by way of law to carry out a
cycle of enterprise-type operations. - ANS-Trust revolving funds
___ are used to temporarily account for transactions that you recognize belong to the
Government however you cannot healthy to a specific receipt or expenditure account. -
ANS-Clearing bills
___ are had been the Government does act as a true trustee. - ANS-Deposit finances
___ as accountable individuals, are answerable for disbursing cash best as supplied by
means of vouchers duly licensed by means of legal certifying officers. - ANS-Disbursing
Officers
___ because the system of accumulating, measuring, studying, decoding, and reporting
cost. ___ is a fundamental a part of the financial management device in that it supports and
gives facts to the budgetary and financial accounting capabilities and, with the aid of itself,
provides beneficial information for each internal and outside customers. - ANS-Managerial
value accounting
___ consist of receipt money owed for Federal fund receipts that legal guidelines have
earmarked for *specific* purposes - ANS-Special Funds
___ includes tangible assets categorised as both Heritage Assets or *Stewardship* Lang. -
ANS-Stewardship PP&E
___ do no longer expire. - ANS-No-Year Appropriations
___ encompass all personnel, whether or not navy or civilian, who're departmental
accountable officers (DAOs), certifying officials, and disbursing officers. - ANS-Accountable
Individuals
___ consist of the issuance of tests, disbursement of coins, or digital transfer of finances
made to liquidate a Federal obligation. - ANS-Outlays
___ is *land* and land rights apart from that received for or in connection with General
PP&E, land received through the public domain, or land received at now not fee. -
ANS-Stewardship Land
___ is a petty cash fund inside the form of foreign money or coin for specifically authorized
coins payments. The use of ___ for unclassified programs is not authorized in DoD except
unique authority has been asked and granted by means of the Office of Deputy CFO, OUSD
(Comptroller). - ANS-Imprest Fund
___ is an existing circumstance, state of affairs, or set of occasions regarding uncertainty as
to feasible advantage or loss to an entity with a view to in the end be resolved whilst one or
more future activities occur or fail to occur. - ANS-Contingency
___ is legally establishing blessings to any individual, business, or Government unit
assembly eligibility requirements hooked up by means of regulation. - ANS-Entitling
___ is the combination amount of price range an entity has on the Treasury to make prices
and to pay liabilities or to purchase belongings, items, and services. - ANS-Fund Balance
with Treasury
___ is the dollar amount of appropriations used to fund items and offerings obtained or
advantages or offers provided. - ANS-Expended Appropriations
___ is the rational allocation of the full acquisition fee of a General PP&E asset over its
anticipated beneficial life. - ANS-Depreciation
___ arise whilst an entity has given funds to others in anticipation of receiving a future
benefit. - ANS-Advances
, ___ happens whilst price range visit the wrong recipent, the recipient gets the wrong amount
of funds (including overpayments and underpayments), documentation isn't always to be had
to help a payment, or the recipent uses finances in an wrong manner. - ANS-Improper
Payments
___ allows an company to obligate budget in advance of appropriations. - ANS-Contract
Authority
___ services are the ones for which the the Government receives something useful at once
upon the expenditure of finances or by the stop of the economic 12 months, e.G. Ordinary
protection, housekeeping services, and trash collection. - ANS-Severables
___ offerings are people who can not be separated into increments in order to provide some
thing beneficial at the cease of the economic year, e.G. Overhaul of a deliver that takes two
or extra years or improvement of a software program software that will result in a precise
end product after multiple yr of work. - ANS-Non-severable
(True/False) A reservist that is going to annual education and has no dependents is entitled
to partial allowance for housing. - ANS-True
(True/False) Relief can be granted for either a loss of cash or miscertification whilst certain
conditions are met. - ANS-True
(True/False) There is alleviation from ADA violations in sure occasions. - ANS-False
*DD Form 2659* have to be organized day by day to summarize the transactions through
voucher wide variety. It should discover the sort of charge and is used to guarantee that
every one voucher numbers are accounted for and that all price and series vouchers are
entered in accountability information. - ANS-Voucher Control Log
1010 DR
3010 CR - ANS-*DR*-Fund Balance with Treasury (checkbook)
*CR*-Unexpended Appropriations-Appropriation Received
1511 DR
2110 CR - ANS-*DR*-Operating Materials and Supplies Held for Use
*CR*-Accounts Payable
1921 Budget and Accounting Act mounted - ANS-the GAO to audit the Executive Branch
1949 Federal Property and Administrative Services Act set up the - ANS-GSA
1950 Accounting and Auditing Procedures Act: - ANS-- required apportionment, allocation
structures;
- extended anti-deficiency, required reporting;
- mandated concepts/standards; and
- installed Joint Financial Management Improvement Program (JFMIP)
1982 Debt Collection Act, as amended by the Debt-Collection Improvement Act of 1996, -
ANS-bolstered capacity to acquire receivables from folks that owe the authorities.
1982 Federal Managers' Financial Intergrity Act (FMFIA) required - ANS-organizations to set
up an Internal Control Program and report annually any elements in their accounting
structures not conforming to GAO's concepts/requirements.
1982 Prompt Payment Act required - ANS-businesses to pay bills while due or pay hobby
and to no longer pay in advance unless tremendous to the governments.
1990 Chief Financial Officers (CFO) Act required - ANS-appointment of a Chief Financial
Officer in 24 main Federal corporations and required audited economic reports for business
operations.
1993 Government Performance and Results Act (GPRA) as amended through the GPRA
Modernization Act of 2010 (P.L. 111-352) required companies to: - ANS-- Define
lengthy-term dreams;
