PFMC Exam 2 Questions With Correct
Answers
What |regulation |is |associated |with |the |Federal |Financial |Management |Framework? |- |CORRECT
|ANSWER✔✔-OMB |Circular |A-123, |Appendix |D
What |are |the |mandatory |elements |of |the |Core |Financial |Management |System |- |CORRECT |
ANSWER✔✔-- |Accountability
- |Efficiency, |economy, |and |effectiveness |
- |Decision |making
What |are |some |of |the |technical |requirements |of |the |Core |Financial |Management |System? |- |
CORRECT |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? |- |
CORRECT |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? |-
|CORRECT |ANSWER✔✔-It |provides |the |ability |to |capture, |classify, |process, |and |report |the |
financial |activity
Where |are |all |financial |transactions |posted |to? |- |CORRECT |ANSWER✔✔-The |General |Ledger
Where |do |you |go |for |assistance |with |Financial |Management |System |Problems |- |CORRECT |
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? |- |
CORRECT |ANSWER✔✔-Ad |Hoc |Reports
"Provide |the |best |mix |of |forces, |equipment, |and |support |attainable |within |fiscal |constraints" |is
|the |_____ |of |the |PPBE |process |- |CORRECT |ANSWER✔✔-Objective
What |is |the |Objective |of |the |PPBE |process |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-Goal
What |is |the |Goal |of |the |PPBE |process? |- |CORRECT |ANSWER✔✔-Achieve |defense |objectives |
established |by |President |and |Secretary |of |Defense
Answers
What |regulation |is |associated |with |the |Federal |Financial |Management |Framework? |- |CORRECT
|ANSWER✔✔-OMB |Circular |A-123, |Appendix |D
What |are |the |mandatory |elements |of |the |Core |Financial |Management |System |- |CORRECT |
ANSWER✔✔-- |Accountability
- |Efficiency, |economy, |and |effectiveness |
- |Decision |making
What |are |some |of |the |technical |requirements |of |the |Core |Financial |Management |System? |- |
CORRECT |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? |- |
CORRECT |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? |-
|CORRECT |ANSWER✔✔-It |provides |the |ability |to |capture, |classify, |process, |and |report |the |
financial |activity
Where |are |all |financial |transactions |posted |to? |- |CORRECT |ANSWER✔✔-The |General |Ledger
Where |do |you |go |for |assistance |with |Financial |Management |System |Problems |- |CORRECT |
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? |- |
CORRECT |ANSWER✔✔-Ad |Hoc |Reports
"Provide |the |best |mix |of |forces, |equipment, |and |support |attainable |within |fiscal |constraints" |is
|the |_____ |of |the |PPBE |process |- |CORRECT |ANSWER✔✔-Objective
What |is |the |Objective |of |the |PPBE |process |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-Goal
What |is |the |Goal |of |the |PPBE |process? |- |CORRECT |ANSWER✔✔-Achieve |defense |objectives |
established |by |President |and |Secretary |of |Defense
