CDFM A - Study guides, Class notes & Summaries

10 days Ans Obligations must be recorded no later than ______ following the day that an obligation is recorded. Obligations of 100,000 must be recorded in the same month. 12 Months Ans Fund holders may split obligations between fiscal yrs that the contract covers provided that the contract does not exceed ____. 3 years Ans The statue of limitations for settling account of an accoutable officer is ____ after agency accoutns are substantially complete. Aftrer this period the account is settl...

Agencies must: Ans annually, agencies must develop a risk profile coordinated with their annual strategic reviews and also provide assurances on internal control effectiveness in their Agency Financial Report (AFR) or Performance & Accountability Report (PAR) due Nov 15th Business process applications controls Ans are directly related to individual computerized applications. They help ensure that transactions are complete, accurate, valid, confidential, & available Control Deficiency Ans e...

CDFM Mod 1 Fiscal Law questions with verified answers

___ will be held personally liable for any erroneous payments resulting from their miscertification, from the second the erroneous payment was made. Ans Certifying Officers ____ shall be applied only to the objects for which the appropriations were made except as otherwise provided by law. Ans Appropriations _____ applies to the following situations: Change in quantity; change in mission; change in time period; change in controllable (warranty) Ans Change in Scope _____ are services for...

CDFM Module 2 questions with verified answer1.

CDFM Module 1 material questions with verified answers.

1921 Budget and Accounting Act did what? Ans 1 Established the GAO to audit the Executive Branch. 2 Established the Bureau of the Budget (now OMB) 3 Required President to submit a comprehensive national budget. A check is determined to be undeliverable if Ans after 60 days from the date of issue, has been impossible to deliver A check that gets mutilated is known as Ans Spoiled Check A collection and processing service provided by a financial institution that accelerates the flow of f...

A AoA is required for what type of acquisition programs? Ans ACAT 1 and ACAT 1A A contractors WBS looks like a company organization chart, however it includes the _____ and _____ that constitute the program rather than the organization Ans product and services A life cycle cost estimate is prepared in ______ year dollars which are tied to a specific base fiscal year Ans constant A MIPR can be used internally as a: Ans Direct citation, reimbursable order, project order, economy act order...

CDFM Training Module 1 questions with verified answers

CDFM LAWS questions with verified answers.