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CDFM Module 1 – Certified Defense Financial Manager Exam Questions and Answers (100% Correct) – Foundational Certification Study Material

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This document contains exam-style questions and fully correct answers for CDFM Module 1, covering the foundational principles of defense financial management assessed in the first module. It is designed as a structured study resource to support concept mastery, targeted revision, and effective exam preparation.

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CDFM MODULE 1 Exam Questions and Answers
(100% Correct)


What prevents Congress and the President from unilaterally making laws and treaties? - Separation
of Power


What give Congress the authority to make laws? - Article 1, Section 8 of the Constitution


Who reviews the constitution for interpretation of the constitution? - Supreme Court


Who has the power to raise taxes given in Article 1 of the Constitution? - Congress (Legislative
Branch)


What does the Congress of the US consist of? - Senate (6 yrs); House (2 yrs)


All bills for raising Revenue shall originate where? But the Senate may propose or concur with
Amendments as on other Bills. - House of Representative


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? - 2/3 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 days? - 10 Days


Who has the power to lay and collect taxes, duties, imposts and Excises to pay the debts and provide
for the common defense and general welfare of the United States. - Congress


Article 1, Section 8 of the Constitution allows for what? - 1) borrow money on credit 2) regulate
commerce; 3) Coin money; 4) Constitute Tribunals; 5) Declare War; 6) Raise and support Armies; 7)
provide and maintain Navy; 8) Make Rules for Government Regulation of land and naval forces; 9)
Provide for calling forth Militia; 10) to make all laws

,No money shall be drawn from the Treasury, but in the Consequence of Appropriations made by
law. - Article 1, Section 9


Once the money officially and legally gets into the Treasury, to be able to use the money, what does
Congress have to do? - Write a Law


Gives executive power to the President to be the Commander in Chief and to execute the laws -
Article 2 Executive Branch


The President has the power to nominate and with the advice and consent of the Senate, shall
appoint these officials. Name 2? - Ambassadors & Supreme Court Judges


How often does the President give to Congress the State of the Union (Jan/Feb) time frame. - Once
year


Who and what branch is responsibly for faithfully executing the laws enacted by Congress
(Legislative Branch)? - President (Executive Branch)


The Supreme Court does not deal in the matter of what? - State Laws


A new Congress convenes for two years following the November general elections, it consists of how
many sessions, and each in what duration? - 2 sessions; 1 year duration


This may originate either in the House of Representatives or in the Senate. There is little practice
difference between a bill and a " ", once agree, it goes to the President for signature. - Joint
Resolution


Matters affecting the operation of the House & Senate and both chambers agree, does not go to the
President for signature. - Concurrent Resolution


The House and Senate can each write an matter concerning the operation on its own. Applies to the
chamber that created it. Knows as the H.Res & S.Res - Simple Resolution

,During the State of The Union, what message is the President giving? - State of Union, recommend
measures necessary and expedient


Can an Executive Branch Department pass legislation with the approval of OMB and on Behalf of the
president, to a congressional committee or subcommittee - Yes, but must be approved by OMB


Who resolves differences between the HR and the Senate? - Conference Committee (Third Chamber)


What is usually the first step in the process for consideration by committee? - Public Hearing


When a Conference Committee is convened dealing with an amendment, what can the conferees do
and not do? - Only deal with matters in disagreement; cannot insert new matter or leave out matter
agreed on


The final step after the Conference Committee Resolution after a measure has been passed in
identical form by both the House andSenate, it is considered to be what? - "Enrolled" (then sent to
the president)


What was declared unconstitutional in 1998 with respect to Presidential Veto? - Line Item Veto


If the President Veto a Bill, it is returned to the house of original acting first. If the Bill does not
receive 2/3 vote, it is sustained and the bill fails to become law. If it receives the required 2/3 vote,
an endorsement to the effect is made on the back of the bill and it is then transmitted, with the
accompany message, the to the second house for its action. What has to happen for the Bill to
become Law? - The next house has to pass it with a 2/3 vote to become law.


Who is responsible for the 3 phases of the Budget Cycle? - OMB


What are the 3 Phases of the Budget Cycle? - Budget Formulation, Congressional Action and Budget
Execution


Who does the Federal budget belong to? - The President

, The Budget Formulation processed is governed by this? - OMB Circular A-11


OMB Circular A-11 sets out the promises of the president - Presidential Priorities


What are the six major steps in the budget formulation process laid out in OMB Circular A-11? - 1)
OMB Issues guidance; 2) Organization develops draft; 3) Agency submit budget estimates to OMB;
4) OMB hold hearings on Agency Budgets; 5) President makes final decisions on Agency budgets; 6)
President transmits the budget to Congress.


What organization is responsible for helping the President with spending policy, managing the
executive budget, and providing advice an dangles on a broad range of topics? - Additional OMB
Duties


The President is responsible to transmit the budget of the US government to congress NLT when? -
1st Monday in February each year


Congress she process authorization legislation, which authorizes or allows programs to exist. They
also pass appropriations, which provide funding for programs - Congressional Action Phase


The President signs the bills into law that provides legal budget authority to incur obligations and
make payments out of the Treasury for specified purposes. - Appropriation


In the Congressional Action Phase, who holds hearing in January in preperation for drafting the
concurrent resolution of the budget? - Budget Committees


Budget Committees this to their respective houses. The resolution sets spending revenue and other
budget targets for the upcoming fiscal year. - Concurrent Resolution - April of each year


This is the process of estimating the budgetary effects of pending legislation and comparing them to
a baseline such as a budget resolution or to any limits that may be set in law. - Scorekeeping


What data does scorekeeping track? - budget authority, receipts, outlays, surplus or deficit, and the
public debt

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