PFMC EXAM 2 QUESTIONS WITH
VERIFIED ANSWERS
What regulation is associated with the Federal Financial Management Framework? -
ANSWER-OMB Circular A-123, Appendix D
What are the mandatory elements of the Core Financial Management System -
ANSWER-- Accountability
- Efficiency, economy, and effectiveness
- Decision making
What are some of the technical requirements of the Core Financial Management
System? - ANSWER-- User interfaces
- Error messages and data entry efficiencies
- Interoperability
- Workflow and messaging
- Approvals and alerts
- Document management
What are some of the functional requirements of the Core Financial Management
System? - ANSWER-- System Management
- General Ledger Management
- Budgetary Resource Management
- Payment Management
- Receivable Management
- Cost Management
- Fund Balance with Treasury Management
What does the System Management function of the Core Financial Management
System do? - ANSWER-It provides the ability to capture, classify, process, and report
the financial activity
Where are all financial transactions posted to? - ANSWER-The General Ledger
Where do you go for assistance with Financial Management System Problems -
ANSWER-Customer Service
What type of reports are created on the fly, displaying information in
a table or a chart...result of a question...not already...codified in a production report? -
ANSWER-Ad Hoc Reports
"Provide the best mix of forces, equipment, and support attainable within fiscal
constraints" is the _____ of the PPBE process - ANSWER-Objective
, What is the Objective of the PPBE process - ANSWER-Provide the best mix of forces,
equipment, and support attainable within fiscal constraints
"Achieve defense objectives established by President and Secretary of Defense" is the
____ of the PPBE process - ANSWER-Goal
What is the Goal of the PPBE process? - ANSWER-Achieve defense objectives
established by President and Secretary of Defense
What phase of the PPBE cycle do you Identify Capability Requirements? - ANSWER-
Planning
What phase of the PPBE cycle to you match requirements to available resources? -
ANSWER-Programming
What phase of the PPBE cycle do you translate programs into budget proposals? -
ANSWER-Budgeting
What documents are associated with the Planning cycle? - ANSWER-NSS, IPL, DSG,
NMS, DPG, and NDS
What documents are associated with the Programming cycle? - ANSWER-PGM, CMC,
NSP, TAP, POM
What documents are associated with the Budgeting cycle? - ANSWER-BES, PB, PBDs
What is a database capturing/summarizing forces, resources, programs associated with
DoD operations - approved by SecDef? - ANSWER-FYDP
What is considered an internal DoD working document and is closely held within DoD? -
ANSWER-FYDP
What years are covered in the FYDP? - ANSWER-Prior, Current, Budget and 4 out
years
What is the OSD-level FYDP database? - ANSWER-CIS (Comptroller Information
System)
What is the Air Force-level FYDP database? - ANSWER-ABIDES
What is the purpose of the NSS? - ANSWER-Communicates President's strategic vision
to Congress
What document(s) communicates the President's strategic vision to Congress? -
ANSWER-NSS
VERIFIED ANSWERS
What regulation is associated with the Federal Financial Management Framework? -
ANSWER-OMB Circular A-123, Appendix D
What are the mandatory elements of the Core Financial Management System -
ANSWER-- Accountability
- Efficiency, economy, and effectiveness
- Decision making
What are some of the technical requirements of the Core Financial Management
System? - ANSWER-- User interfaces
- Error messages and data entry efficiencies
- Interoperability
- Workflow and messaging
- Approvals and alerts
- Document management
What are some of the functional requirements of the Core Financial Management
System? - ANSWER-- System Management
- General Ledger Management
- Budgetary Resource Management
- Payment Management
- Receivable Management
- Cost Management
- Fund Balance with Treasury Management
What does the System Management function of the Core Financial Management
System do? - ANSWER-It provides the ability to capture, classify, process, and report
the financial activity
Where are all financial transactions posted to? - ANSWER-The General Ledger
Where do you go for assistance with Financial Management System Problems -
ANSWER-Customer Service
What type of reports are created on the fly, displaying information in
a table or a chart...result of a question...not already...codified in a production report? -
ANSWER-Ad Hoc Reports
"Provide the best mix of forces, equipment, and support attainable within fiscal
constraints" is the _____ of the PPBE process - ANSWER-Objective
, What is the Objective of the PPBE process - ANSWER-Provide the best mix of forces,
equipment, and support attainable within fiscal constraints
"Achieve defense objectives established by President and Secretary of Defense" is the
____ of the PPBE process - ANSWER-Goal
What is the Goal of the PPBE process? - ANSWER-Achieve defense objectives
established by President and Secretary of Defense
What phase of the PPBE cycle do you Identify Capability Requirements? - ANSWER-
Planning
What phase of the PPBE cycle to you match requirements to available resources? -
ANSWER-Programming
What phase of the PPBE cycle do you translate programs into budget proposals? -
ANSWER-Budgeting
What documents are associated with the Planning cycle? - ANSWER-NSS, IPL, DSG,
NMS, DPG, and NDS
What documents are associated with the Programming cycle? - ANSWER-PGM, CMC,
NSP, TAP, POM
What documents are associated with the Budgeting cycle? - ANSWER-BES, PB, PBDs
What is a database capturing/summarizing forces, resources, programs associated with
DoD operations - approved by SecDef? - ANSWER-FYDP
What is considered an internal DoD working document and is closely held within DoD? -
ANSWER-FYDP
What years are covered in the FYDP? - ANSWER-Prior, Current, Budget and 4 out
years
What is the OSD-level FYDP database? - ANSWER-CIS (Comptroller Information
System)
What is the Air Force-level FYDP database? - ANSWER-ABIDES
What is the purpose of the NSS? - ANSWER-Communicates President's strategic vision
to Congress
What document(s) communicates the President's strategic vision to Congress? -
ANSWER-NSS
