Fiscal law cdfm - Study guides, Class notes & Summaries

CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024 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...

You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on two pieces of equipment that he personally would like to see purchased for use in the common break area of the legal office. He wants to use appropriated funds to buy a refrigerator and a microwave. His rationale is that employees (both military and civilian) need a place to store and prepare food they bring in from home. You respond by telling him: - Answer Absent any local or service-level policies t...

CDFM 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified

CDFM All Modules FISCAL LAW Questions with 100% Correct Answers | Updated & Verified

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...

Federal appropriations law can be categorized into which three topical areas? - Answer Purpose, Time, and Amount (PTA) In the DoD, final decisions of fiscal law questions are "officially" rendered by whom? - Answer DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? (6) - Answer 1. Appropriations 2. Contract Authority 3. Borrowing Authority 4. Monetary Credits 5. Offsetting Collections and Receipts 6. Loan and Loan Guarantee...

CDFM Module 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified

CDFM 3.1 FISCAL LAW QUESTIONS AND ANSWERS

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 MODULE 1 EXAM REVIEW WITH COMPLETE SOLUTIONS RATED A The three competency areas of the EDFMTC book - fiscal law will be in the test, but will be its own set. Government Resource Management Environment (30.4%); Manpower Management (12.2%); Enterprise Risk Management and Internal Controls (20.3%); Fiscal Law (37.1%; separate set) * Indicates review questions from the book ~ Indicates key questions or terms you should pay closer attention.