R cdfm 2023 2 - Study guides, Class notes & Summaries

CDFM - Module 3 Questions & Answers | 350 Questions with 100% Correct Answers | Verified 2023 | 43 Pages What are the three tests that must be met for use of the Necessary Expense doctrine? - Answer ️️ -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? - Answer ️️ -The Defense Finance and Accounting Service (*DFAS*) (p. 3.1....

CDFM 3.1 Fiscal Law EXAM 2023 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ 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 Cons...

CDFM Mod 1 Lesson 4 (2022/2023) Already Passed What is the name of the Department's Internal control effort? Managers' Internal Control Program The purposes of the Federal Managers' Financial Integrity Act of 1982 are to prevent waste or misuse of agency funds or property and to assure the accountability of what? Assets What do internal controls reasonably ensure? - Programs achieve intended results - Resources are used efficiently - Programs/resources are protected from waste, fraud, and m...

CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) 2023- 2024 ACTUAL EXAM TEST BANK 270 QUESTIONS AND CORRECT DETAILED