Fiscal law - Study guides, Class notes & Summaries

CDFM 3.1 Fiscal Law Final Test || With 100% Accurate Questions & Solutions CDFM 3.1 Fiscal Law Final Test || With 100% Accurate Questions & Solutions It is the responsibility of the _____ to review and approve the agency systems of administrative control of funds to prevent violations of the Anti-Deficiency Act. - ANSWER - OMB Acceptance of voluntary service is a violation of _________ - ANSWER - 31,. USC 1342 _____ is the shift from one purpose or activity to another within differ...

Fiscal Law - Answer Is the body of law which govern the availability and use of public funds. Same as appropriation law. The constitution Authorization acts Appropriation acts General Statutes Comptroller General decisions and Courts - Answer Sources of authority on the use of public funds Constitutional authority for the obligation and expending of funds esp the PTA of appropriation The ADA and its penalties Use of funds under continuing resolution Responsibilities of an accou...

Fiscal Law 3.1 Exam – With Questions & Solutions (100% Correct) Fiscal Law 3.1 Exam – With Questions & Solutions (100% Correct) Federal appropriations law can be categorized into which three topical areas? - ANSWER - Purpose, Time, and Amount In the DoD final decisions of fiscal law questions are "officially" rendered by whom? - ANSWER - DoD General Council What are the basic types of budget authority used in the Federal Government? - ANSWER - Appropriations; Contract Authori...

Fiscal Law Exam 2 (2024) || With Questions & All Accurate Answers (Rated A+) Fiscal Law Exam 2 (2024) || With Questions & All Accurate Answers (Rated A+) Is repurposing or converting a facility for a new use considered construction? - ANSWER - Yes 3 Essential Principles of Fiscal Law - ANSWER - Time, Purpose, and Amount What funds are ordinary operating expenses funded with? - ANSWER - 0100 O&M What are Procurement (Proc) Funds used for? - ANSWER - Capital Purchases ie) Aircraft, Mi...

Whether or not there is an Antideficiency Act violation after applicatio n of the two-part corrections test, you must: Complete a formal investigation within 12 months and 2 weeks from the date the preliminary review ended. Place civilian personnel on administrative leave pending the outcome of the preliminary review. Try to deobligate the improper funds and obligate the proper funds. Investigate whether there was an Antideficiency Act violation and establish/assign responsibility. QUEST...

The established rule is that the expenditure of public funds is proper only when ________ by Congress, not that public funds may be expended unless prohibited by Congress. - Answer authorized In fiscal law, you can do only what the law authorized you to do. ______ of a law prohibiting you from doing something with your funding doesn't give you the authority to do it; it must be authorized by law in order for you to obligate funds - Answer Absence Are congressional committee reports (l...

Solution Manual for Issues in Economics Today 10th Edition by Robert Guell. Chapter 1: Economics: The Study of Opportunity Cost Chapter 2: Supply and Demand Chapter 3: The Concept of Elasticity and Consumer and Producer Surplus Chapter 4: Firm Production, Cost, and Revenue Chapter 5: Perfect Competition, Monopoly, and Economic versus Normal Profit Chapter 6: Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, and Depression Chapter 7: Money, Inter...

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

T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 T/F? Article 2 section 8 empowers Congress to colle...

CDFM All Modules FISCAL LAW Questions with 100% Correct Answers | Updated & Verified