Cdfm 31 fiscal law - Study guides, Class notes & Summaries

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 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED. True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. - CORRECT ANSWER FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - CORRECT ANSWER 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. - CORRECT ANSWER 5 Th...

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 Questions and Answers Graded A+ True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. 5 The appropriation time line for Procurement (excluding Shipbuilding and Convers...

CDFM Module 3.1 Fiscal Law Basic Axiom of Fiscal Law (the premise of fiscal law) 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 Which law: There is no law that says you can't do it. Fiscal Law Which Law: You can only do what the law authorized you to do. Constitutional Authority: Article 1, section 7,8,9 Provisions of the U.S Constitution that provid...

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 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 3.1 Fiscal Law True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. 5 The appropriation time line for Procurement (excluding Shipbuilding and Conversion, Navy) is _...

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 Procurem...

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...