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CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) EXAM NEWEST 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
Which branch of government conducts hearings on the
effectiveness of government programs? - ANSWER-Legislative
In the federal budget process, who is responsible for submitting
budget estimates? - ANSWER-Agencies
What is the largest source of federal government tax revenue? -
ANSWER-Individual Income Taxes
What are requests for funds in addition to amounts already
appropriated? - ANSWER-Supplemental
What financial control document is issued by the Treasury
Department following signature of the Appropriations Act? -
ANSWER-Appropriations Warrant
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What term describes a postponement in the use of appropriated
funds? - ANSWER-Deferral
What term describes a cancellation of appropriated funds? -
ANSWER-Rescission
After the DoD Appropriations Bill is signed into law, what does
DoD request from OMB? - ANSWER-Apportionment
A legal reservation of funds in known as what? - ANSWER-
Obligation
What term is used to identify a certification provided to a KO from
the comptroller authorizing Purpose, Time and Amount? -
ANSWER-Fiduciary Certification
A fiduciary certification is the basis for what? - ANSWER-
Commitment
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Define Budget Authority - ANSWER-Amount of money available to
an organization for obligation
Define Outlays - ANSWER-Funds that have actually been moved
from the Federal Treasury
Monitoring requirements in budget execution involves: -
ANSWER-1. Administrative control of funds
2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers
Who conducts both financial and program audits to ensure the
integrity of programs? - ANSWER-Government Accountability
Office (GAO)
The Government Performance and Results Act requires budget
formulation be based on what? - ANSWER-Performance
planning/reporting
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The 1921 Budget and Accounting Act was was responsible for the
creation of what? - ANSWER-OMB, GAO and the Comptroller
General
What Act requires the President to submit an annual budget
proposal to Congress? - ANSWER-1921 Budget and
Accountability Act
What act established sequestration? - ANSWER-1985 Balanced
Budget and Emergency Deficit Act
What Act established the pay-as-you-go (PAYGO) for entitlements
- ANSWER-1990 Budget Enforcement Act
What are the 1985 and 1987 Balanced Budget Acts ofter referred
to as? - ANSWER-Gramm-Rudman-Hollings Acts
GPRA requires what three things? - ANSWER-Strategic Planning
Performance Planning and Goal Setting
Performance Reporting
CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) EXAM NEWEST 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
Which branch of government conducts hearings on the
effectiveness of government programs? - ANSWER-Legislative
In the federal budget process, who is responsible for submitting
budget estimates? - ANSWER-Agencies
What is the largest source of federal government tax revenue? -
ANSWER-Individual Income Taxes
What are requests for funds in addition to amounts already
appropriated? - ANSWER-Supplemental
What financial control document is issued by the Treasury
Department following signature of the Appropriations Act? -
ANSWER-Appropriations Warrant
,2|Page
What term describes a postponement in the use of appropriated
funds? - ANSWER-Deferral
What term describes a cancellation of appropriated funds? -
ANSWER-Rescission
After the DoD Appropriations Bill is signed into law, what does
DoD request from OMB? - ANSWER-Apportionment
A legal reservation of funds in known as what? - ANSWER-
Obligation
What term is used to identify a certification provided to a KO from
the comptroller authorizing Purpose, Time and Amount? -
ANSWER-Fiduciary Certification
A fiduciary certification is the basis for what? - ANSWER-
Commitment
,3|Page
Define Budget Authority - ANSWER-Amount of money available to
an organization for obligation
Define Outlays - ANSWER-Funds that have actually been moved
from the Federal Treasury
Monitoring requirements in budget execution involves: -
ANSWER-1. Administrative control of funds
2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers
Who conducts both financial and program audits to ensure the
integrity of programs? - ANSWER-Government Accountability
Office (GAO)
The Government Performance and Results Act requires budget
formulation be based on what? - ANSWER-Performance
planning/reporting
, 4|Page
The 1921 Budget and Accounting Act was was responsible for the
creation of what? - ANSWER-OMB, GAO and the Comptroller
General
What Act requires the President to submit an annual budget
proposal to Congress? - ANSWER-1921 Budget and
Accountability Act
What act established sequestration? - ANSWER-1985 Balanced
Budget and Emergency Deficit Act
What Act established the pay-as-you-go (PAYGO) for entitlements
- ANSWER-1990 Budget Enforcement Act
What are the 1985 and 1987 Balanced Budget Acts ofter referred
to as? - ANSWER-Gramm-Rudman-Hollings Acts
GPRA requires what three things? - ANSWER-Strategic Planning
Performance Planning and Goal Setting
Performance Reporting
