Cdfm 3 1 fiscal law - Study guides, Class notes & Summaries

CDFM 3 1 Fiscal Law Exam Questions with Correct Answers True or false? 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 (Anti-Deficiency Act) The appropriation time line for Military Construction is years. - ANSWER 5 The appropriation time line for Procurement (excluding Shi...

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 Fiscal Law Exam || With 100% Accurate Solutions CDFM Fiscal Law Exam || With 100% Accurate Solutions U.S. Fiscal Law - ANSWER - Body of law which governs the use and availability Federal funds by Executive Agencies Fiscal Law is derived from... - ANSWER - 1. US Constitution (Article I) 2. US Code, Title 31 3. FAR and subsequent regulations 4. GAO and court rulings Fiscal Year - ANSWER - Starts October 1 End September 30 Government Accountability Office (GAO) - ANSWER - An i...

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 - 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 FISCAL LAW All Modules Exam (2024) || Complete Questions & Solutions (100% Accurate) CDFM FISCAL LAW All Modules Exam (2024) || Complete Questions & Solutions (100% Accurate) Is the shift from one purpose or activity to another within the same appropriations? - ANSWER - Reprogramming Is the shift from one purpose or activity to another between different appropriations? - ANSWER - Transfer The Package that lists all of the reprogramming actions and all sources and increases is th...

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...

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 of appropriated funds be found? Who is it published by?" - ANSWER- Principles of Federal Appropriations better known as the Red Book-- published by the GA...