Cdfm fiscal law Study guides, Class notes & Summaries

CDFM Module 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified

CDFM Fiscal Law

CDFM Fiscal Law Practice Questions And Answers With Verified Test 2023 Purpose, Time, and Amount (PTA) *Federal appropriations law can be categorized into which three topical areas? DoD General Counsel *In the Department of Defense, final decisions of fiscal law questions are "officially" rendered by whom? Appropriations; Contract Authority; Borrowing Authority; Monetary Credits; Offsetting Collections and Receipts; Loan and Loan Guarantee Authority *What are the basic types of budget ...

CDFM MODULE 1 Test | Questions and Answers 100% Correct 2023 Latest. What prevents Congress and the President from unilaterally making laws and treaties? - correct answersSeparation of Power What give Congress the authority to make laws? - correct answersArticle 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? - correct answersSupreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - correct answersCongres...

CDFM 3.1 FISCAL LAW QUESTIONS AND ANSWERS

CDFM - Module 3 questions with complete solutions 2022/2023What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources remains available for new obligatio...

CDFM MODULE 1 Exam Questions and Answers 100% Correct 2023 Latest. To be able to override a presidential veto, the House has to have a majority to pass the bill; and if approved, then goes to the Senate for a vote to pass the bill. If approved, the Bill becomes Law. What is the percentage the vote has to pass by in both the House & Senate? - correct answers2/3 and 2/3 If any Bill shall not be returned by the President after it has been presented to him, the Same shall be a law. How many day...

CDFM Fiscal Law Purpose, Time, and Amount (PTA) *Federal appropriations law can be categorized into which three topical areas? DoD General Counsel *In the Department of Defense, final decisions of fiscal law questions are "officially" rendered by whom? Appropriations; Contract Authority; Borrowing Authority; Monetary Credits; Offsetting Collections and Receipts; Loan and Loan Guarantee Authority *What are the basic types of budget authority used in the Federal Government? Th...

CDFM MODULE 1 EXAM REVIEW WITH COMPLETE SOLUTIONS RATED A The three competency areas of the EDFMTC book - fiscal law will be in the test, but will be its own set. Government Resource Management Environment (30.4%); Manpower Management (12.2%); Enterprise Risk Management and Internal Controls (20.3%); Fiscal Law (37.1%; separate set) * Indicates review questions from the book ~ Indicates key questions or terms you should pay closer attention.

CDFM - Certified Defense Financial Manager Basic Axiom of Fiscal Law (the premise of fiscal law) correct answer: The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. Common Law correct answer: Which law: There is no law that says you can't do it. Fiscal Law correct answer: Which Law: You can only do what the law authorized you to do. Constitutional Authority: Article 1, sec...