Basic axiom of fiscal law - Study guides, Class notes & Summaries
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CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERSLATEST 2023-2024
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s to the President and Congress and 
In cases where violations of fiscal law statutes occur, agencies must do what? - 
CDFM EXAM (4 DIFFERENT SUB MODULE 
3.1 - 3.4) QUESTIONS AND CORRECT 
ANSWERS EACH SUB MODULE CONTAINS 
100 QUESTIONS AND ANSWERSLATEST 
 
CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress....
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CDFM Fiscal Law
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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...
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CDFM - Module 3 questions and answers graded A+.
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CDFM - Module 3 questions and answers graded A+. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
What are the three tests that must be met for use of the Necessary Expense doctrine? - ANS. 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? - ANS. The Defense Finance and Accounting Service (*DFAS*) 
(p. 3.1.51) 
 
What type of budgetary resources rema...
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CDFM: Module 3Fiscal Law exam 2023 with 100% correct answers
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What is the basic axiom of fiscal law? 
The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. 
 
 
 
What is fiscal law? 
Fiscal Law is the body of law which governs the availability and use of public funds. 
 
 
 
What are the sources of fiscal law? 
The Constitution, Authorization Acts, Appropriation Acts, General Statutes, and CG Decisions & Courts 
 
 
 
What is the Constit...
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CDFM Module 3 Exam Prep Questions & Answers 2023, Complete Solution, Over 350 Questions And Answers
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CDFM Module 3 Exam Prep Questions & Answers 2023, Complete Solution, Over 350 Questions And Answers 
 
What 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 rem...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
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What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use of 
appropriated funds be found? Who is it published by?" - ANSWER- Principles of 
Federal Appropriations better known as the Red Book-- published by the GAO. 
What act crea...
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CDFM Module 3.1 Fiscal Law questions and answers 100% verified.
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CDFM Module 3.1 Fiscal Law questions and answers 100% verified. 
 
 
 
 
 
 
 
 
 
 
 
 
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 ...
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CDFM - Module 3 Questions & Answers | 350 Questions with 100% Correct Answers | Verified 2023 | 43 Pages
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CDFM - Module 3 Questions & Answers | 350 
Questions with 100% Correct Answers | 
Verified 2023 | 43 Pages 
What are the three tests that must be met for use of the Necessary Expense doctrine? - Answer ️️ 
-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? - Answer ️️ -The Defense Finance and Accounting Service (*DFAS*) 
(p. 3.1....
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CDFM Exam Questions And Answers Latest 2023/2024 | Graded A+
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What are the three tests that must be met for use of the Necessary Expense 
doctrine? - Answer 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? - Answer The Defense Finance and Accounting Service 
(*DFAS*) 
(p. 3.1.51) 
What type of budgetary resources remains available for new obligations for more 
than one fiscal year? - Answer Multi-...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 57 pages • 2023
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024 
 
 
CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) 
 
"Where can the most authoritative source of information on the proper use...
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