Cdfm 3 1 fiscal law exam - 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 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 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 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 EXAM / 350+ QUESTIONS AND VERIFIEDANSWERS 2023/2024 / ALL CORRECT GRADED A+. 2023 1. 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) 2. 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) 3. What type of budgetar...

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 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...

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 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...