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CDFM Module 1.1 Accurate 100%

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CDFM Module 1.1 Accurate 100% Budget execution starts with _____________ - ANSWER issuance of Treasury Warrant The issuance of Treasury Warrants are the __________ __________ action taken after the President signs the bill into law. - ANSWER first legal Continuing resolutions (CRs) initially last _____ days and are designed to avoid violating the ________. - ANSWER 30, Anti Deficiency SF-133s are reported _____ to the Office of Management and Budget (OMB) - ANSWER quarterly The si...

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CDFM Module 1 Terms(2024 Latest Update)Accurate 100%

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CDFM Module 1 Terms(2024 Latest UpdaAppraisal - ANSWER Comparison under an appraisal system of an employee's performance of duties and responsibilities with performance standards Critical Element - ANSWER A component of an employee's job that is of sufficient importance that performance below minimum standard established by management requires remedial action and denial of a within grad increase, and may be the basis for removing or reducing the grade level of that employee. Such action may...

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CDFM - Module 1 & Fiscal Law Questions and Answers!

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CDFM - Module 1 & Fiscal Law Questions and Answers! How many branches of Government did the Constitution establish? - ANSWER Three What was the predecessor to the Constitution? - ANSWER Articles of Confederation Where are all Federal-level laws enacted? - ANSWER Congress In which article of the Constitution is the power to raise taxes found? - ANSWER Article 1 What occurs when Congress is not in session and the President does not sign a properly-presented, enrolled bill within 10 ...

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CDFM - Module 1 (hkp)Accurate 100%

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CDFM - Module 1 (hkp)Accurate 100%Where can you go to see what each committee and conference decides? - ANSWER This was the first form of government which had no executive or judicial branches. - ANSWER Articles of Confederation The date the Declaration of Independence was signed - ANSWER July 4, 1776 The year the Articles of Confederation was ratified - ANSWER 1781 ____ is the year the constitution was ratified by ______ states - ANSWER 1788, 9 The date the constitution took eff...

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CDFM(2024 Latest Update)Accurate 100%

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CDFM(2024 Latest Update)Accurate 100% Borrowing Authority - ANSWER permits agencies to incur obligations and make payments to liquidate the obligations out of moneys borrowed from the Treasury Budget Authority - ANSWER Congress provides in appropriations act. This is the authority to enter into obligations that will result in outlays. Budget Deficit - ANSWER amount by which the Government's budget outlays exceed its budget receipts for any given period. Deficits are financed primarily by...

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CDFM Module 1: Resource Management Environment; Competency Area 4: Management's Responsibility for internal Control Correct 100%

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CDFM Module 1: Resource Management Environment; Competency Area 4: Management's Responsibility for internal Cont What is the name of the Department's internal control effort? - ANSWER Manager's Internal Control Program The purposes of the Federal Managers' Financial Integrity Act of 1982 are to prevent t waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Assets What do internal controls reasonably ensure? - ANSWER Programs achieve intended r...

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CDFM Training Module 1 Accurate questions & Answers!!

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CDFM Training Module 1 Accurate questions Options - ANSWER Which is NOT a remedy to avoid conflict in financial disclosure? Authorized by Defense Finance and Accounting Services (DFAS). - ANSWER Under section 1501(a) (1), an amount shall be recorded as an obligation of the United States Government only when supported by documentary evidence of EXCEPT: Pursuant to 31 U.S.C. 1342, agencies have broad discretion in determining operations which protect life and property, so that these operatio...

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CDFM Training Module 1 Accurate 100%

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CDFM Training Module 1 Accurate 100% Options - ANSWER Which is NOT a remedy to avoid conflict in financial disclosure? Authorized by Defense Finance and Accounting Services (DFAS). - ANSWER Under section 1501(a) (1), an amount shall be recorded as an obligation of the United States Government only when supported by documentary evidence of EXCEPT: Pursuant to 31 U.S.C. 1342, agencies have broad discretion in determining operations which protect life and property, so that these operatio...

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CDFM Module 1: Resource Management Environment 1.3 Correct 100%

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CDFM Module 1: Resource ManagemeEnterprise Risk Management (ERM) - ANSWER -agency wide approach to addressing interrelated risk & how to more effectively prioritize & manage risk OMB Circular 136 Financial Reporting Requirements - ANSWER -Requires each agency to develop a risk profile & suggest putting in place an oversight counsel Internal Controls - ANSWER -is a process effected by an entity's oversight body, management, and other personnel that provides reasonable assurance that the ob...

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