Cdfm module 3 Study guides, Class notes & Summaries

CDFM MODULE 3 Exam (Latest 2023/ 2024 Update) Complete Exam with 400+ Real Questions and Verified Answers| 100% Correct| Guaranteed Grade A Q: When funds were provided to begin a program or project in the middle of a fiscal year, you need to what? Answer: annualize the funds to determine the current rate. Q: If $1 billian was provided in an R&D appropriation last year and $750 million was obligated as of the end of the prior fiscal year, the amount of the appropriation under the ...

CDFM Module 3.1 Questions and Answers Rated A Fiscal Law is based on the premise that Appropriations are only available for obligation and expenditure when specifically approved by the Congress, not that we can use appropriations unless specifically prohibited by Congress. GAO Principles of Federal Appropriation Law (The Redbook) The most authoritative source of information on the proper use of appropriated funds. Budget and Accounting Act of 1921 Required the President to submit an annual bud...

CDFM Module 3: Questions With Solutions

____ is no longer available for adjustments or payments. Any adjustments will be charged to current same appropriation (1% max). - Cancelled ____ is the probable or potentially adverse effects from inadequate management controls that may result in the loss of Government resources or cause an agency to fail to accomplish significant mission objectives through fraud, error, or mismanagement. - Risk _____ is the shift from one purpose or activity to another within differen...

CDFM Module 3 Correct Answers with complete solutions Federal appropriations law can be categorized into which three topical areas? Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? Appropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collections and Receipts Loan a...

CDFM MODULE 3 EXAM REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3 The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance Any enforceable agreement between an agency and a business concern for the acquisition ...

The __________ is a requirement in a disbursing office and must be prepared for each business day that business is transacted. It reports all types of transactions that affect fund balances for the day as well as require month to date balance. This report ensures agreement between the disbursing offices cash accountability to the Treasury and disbursement and collection transactions recorded in accounting system. correct answer: Daily Statement of Accountability, DD2657 The 3 major functions...

CDFM MODULE 3 EXAM REAL EXAM 210 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)CDFM MODULE 3 EXAM REAL EXAM 210 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)CDFM MODULE 3 EXAM REAL EXAM 210 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)CDFM MODULE 3 EXAM REAL EXAM 210 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)CDFM MODULE 3 EXAM REAL EXAM 210 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)CDFM MODULE 3 EXAM REAL EXAM 210 QUESTIONS AND CORRECT ANSWERS(DETAILE...

CDFM Module 3.2 |QUESTIONS AND ANSWERS |ALREADY PASSED |VERIFIED & UPDATED | 2024 The __________ is a requirement in a disbursing office and must be prepared for each business day that business is transacted. It reports all types of transactions that affect fund balances for the day as well as require month to date balance. This report ensures agreement between the disbursing offices cash accountability to the Treasury and disbursement and collection transactions recorded in accounting sys...