SCMOC Exam 3 Study Guide || with Error-free Answers.
Without the aid of references, identify the government agency that appropriates funds to the
Armed Services correct answers Congress
Without the aid of references, identify the fiscal year beginning and end dates in the Marine
Corps correct answers 1 Oct - 30 Sept
With the aid of reference, identify the purpose of financial management correct answers To
properly execute the legal and administrative responsibilities of funds
With the aid of reference, identify the agency within the Department of Defense (DoD)
responsible for finance and accounting policies, procedures, standards, systems, and operations
correct answers Defense Finance and Accounting System (DFAS)
With the aid of references, list the funding flow from the highest to the lowest levels of
operational command correct answers Level 1 Appropriations - HQMC
Level 2 Apportionments- Major Command Recipients
Level 3 Allotments - MEF
Level 4 Sub-Allotments - MSC
With the aid of reference, given a list of the types of appropriations, select the definition for the
type of appropriation correct answers Annual - pay and allowances, operations and maintenance
Multi-year - major end items
No-year - revolving
With the aid of reference, identify the types of documentation required to perform financial
management functions for a command correct answers DD 577 and Appointment letters
, With the aid of references, identify the appointing authority for financial management roles and
responsibilities within a command correct answers Commanding Officer
With the aid of reference, describe the Defense Agencies Initiative (DAI) correct answers DAI is
an integrated financial management solution that provides a real-time, web-based system of
integrated business processes used by defense financial managers, program managers, auditors,
and the Defense Finance and Accounting Service
With the aid of reference, given a description, state the phases of the Defense Agencies Initiative
(DAI) transaction cycle correct answers - Requisition/Request: Commitment of funds for goods
or services
- Award/Purchase Order: Firm, legally binding agreement between parties
- Receipt: Anticipated, pre-validation, or actual receipt of goods or services
- AP Invoice: Process of receiving, recording, and routing invoices for payment
- Payment: Disbursement of funds from buyer to seller for goods or services
Without the aid of reference, name the types of budget appropriation categories concerning
Marine Corp Aviation, Marine Corps O&M requirements, and multi-service operations and
describe each correct answers Green Dollars - Uniquely MC
Blue Dollars - Navy and all MC aviation activities
Purple Dollars - Joint money used for operations conducted by multiple services or nations
Without the aid of reference, list the major fiscal limitations that Congress uses to control how
agencies use funding correct answers Purpose Time Amount
Without the aid of reference, select the frequency that key fund control personnel are required to
receive Fiscal Law training correct answers Every 3 years
Without the aid of reference, given a list of Special Interest Items, select the description
associated with the Special Interest Item correct answers MILCON - Construction
SOFA - US and host nations to define rights, immunities...
Without the aid of references, identify the government agency that appropriates funds to the
Armed Services correct answers Congress
Without the aid of references, identify the fiscal year beginning and end dates in the Marine
Corps correct answers 1 Oct - 30 Sept
With the aid of reference, identify the purpose of financial management correct answers To
properly execute the legal and administrative responsibilities of funds
With the aid of reference, identify the agency within the Department of Defense (DoD)
responsible for finance and accounting policies, procedures, standards, systems, and operations
correct answers Defense Finance and Accounting System (DFAS)
With the aid of references, list the funding flow from the highest to the lowest levels of
operational command correct answers Level 1 Appropriations - HQMC
Level 2 Apportionments- Major Command Recipients
Level 3 Allotments - MEF
Level 4 Sub-Allotments - MSC
With the aid of reference, given a list of the types of appropriations, select the definition for the
type of appropriation correct answers Annual - pay and allowances, operations and maintenance
Multi-year - major end items
No-year - revolving
With the aid of reference, identify the types of documentation required to perform financial
management functions for a command correct answers DD 577 and Appointment letters
, With the aid of references, identify the appointing authority for financial management roles and
responsibilities within a command correct answers Commanding Officer
With the aid of reference, describe the Defense Agencies Initiative (DAI) correct answers DAI is
an integrated financial management solution that provides a real-time, web-based system of
integrated business processes used by defense financial managers, program managers, auditors,
and the Defense Finance and Accounting Service
With the aid of reference, given a description, state the phases of the Defense Agencies Initiative
(DAI) transaction cycle correct answers - Requisition/Request: Commitment of funds for goods
or services
- Award/Purchase Order: Firm, legally binding agreement between parties
- Receipt: Anticipated, pre-validation, or actual receipt of goods or services
- AP Invoice: Process of receiving, recording, and routing invoices for payment
- Payment: Disbursement of funds from buyer to seller for goods or services
Without the aid of reference, name the types of budget appropriation categories concerning
Marine Corp Aviation, Marine Corps O&M requirements, and multi-service operations and
describe each correct answers Green Dollars - Uniquely MC
Blue Dollars - Navy and all MC aviation activities
Purple Dollars - Joint money used for operations conducted by multiple services or nations
Without the aid of reference, list the major fiscal limitations that Congress uses to control how
agencies use funding correct answers Purpose Time Amount
Without the aid of reference, select the frequency that key fund control personnel are required to
receive Fiscal Law training correct answers Every 3 years
Without the aid of reference, given a list of Special Interest Items, select the description
associated with the Special Interest Item correct answers MILCON - Construction
SOFA - US and host nations to define rights, immunities...
