CDFM Module 3: Accounting and
Finance; Competency Area 1: Fiscal
Law Exam-Graded A
Federal appropriations law can be categorized into which three typical areas? - ANS-
Purpose, Time and Amount (PTA)
In the Department of Defense, final decisions of fiscal law questions are "officially'
rendered by whom? - ANS-DoD General Counsel, Courts
What are the basic types of budget authority used in the Federal Government? -
ANS-"ABC MOL"
A - Appropriations
B - Borrowing Authority
C - Contract Authority
M - Monetary Credits
O - Offsetting Collections and Receipts
L - Loan and Loan Guarantee Authority
Annual appropriations remain available for new obligations for how long? - ANS-They
normally remain available for new obligations for ONE fiscal year
Operation and Maintenance (O&M) is an example of what type of appropriation? - ANS-
Annual appropriation
RDT&E is an example of what type of appropriation? - ANS-Multi-year appropriation
Budget authority does not expire in what type of appropriation? - ANS-No-year
appropriation
Article 1, Section 9, of the U.S. Constitution gives the power to appropriate funds for
operating the Government to which branch of the Government? - ANS-Legislative
Branch (Congress)
Which law established the House and Senate Budget Committees and the
Congressional Budget Office (CBO) - ANS-Congressional Budget Act of 1974
What are the three tests that must be met for use of the Necessary Expense doctrine? -
ANS-Must bear a logical relationship
, Not prohibited by law
Not funded elsewhere
Who are determined to be accountable individuals in the Department of Defense? -
ANS-Certifying and Disbursing Officers and Departmental Accountable Officials
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the
Department of Defense? - ANS-The Defense Finance and Accounting Service
What type of budgetary resources remains available for new obligations for more than
one fiscal year? - ANS-Multi-year authority
What type of budgetary resources remains available for new obligations until the
purpose for which they were provided is carried out? - ANS-No-year authority
What type of Congressional resolution can be thought of as a temporary appropriations
act? - ANS-Continuing resolution
If a Contracting Officer signs a contract in advance of an appropriation, what type of
violation has occurred? - ANS-Anti deficiency Act of Violation
What agency apportions funds for a working capital fund? - ANS-The Office of
Management and Budget (OMB)
41 USC 6301 - ANS-Public Contracts (Contracting Under Feed and Forage Act)
31 USC 1301 - ANS-Purpose
31 USC 1341 - ANS-Anti deficiency Act
31 USC 1342 - ANS-ADA Voluntary Service Limitation
31 USC 1502 - ANS-Balances Available; Period of Availability
31 USC 1501 - ANS-Obligations
31 USC 1517 - ANS-ADA Violation for Over Obligation
31 USC 1535 and 1536 - ANS-The Economy Act
31 USC 3302 and 1301 - ANS-Augmentation of Appropriations
3.1.18 What are the two basic uses of appropriations? - ANS-1) Obligations - legal
reservations for which payments or expenditures, will be made in the future.
Finance; Competency Area 1: Fiscal
Law Exam-Graded A
Federal appropriations law can be categorized into which three typical areas? - ANS-
Purpose, Time and Amount (PTA)
In the Department of Defense, final decisions of fiscal law questions are "officially'
rendered by whom? - ANS-DoD General Counsel, Courts
What are the basic types of budget authority used in the Federal Government? -
ANS-"ABC MOL"
A - Appropriations
B - Borrowing Authority
C - Contract Authority
M - Monetary Credits
O - Offsetting Collections and Receipts
L - Loan and Loan Guarantee Authority
Annual appropriations remain available for new obligations for how long? - ANS-They
normally remain available for new obligations for ONE fiscal year
Operation and Maintenance (O&M) is an example of what type of appropriation? - ANS-
Annual appropriation
RDT&E is an example of what type of appropriation? - ANS-Multi-year appropriation
Budget authority does not expire in what type of appropriation? - ANS-No-year
appropriation
Article 1, Section 9, of the U.S. Constitution gives the power to appropriate funds for
operating the Government to which branch of the Government? - ANS-Legislative
Branch (Congress)
Which law established the House and Senate Budget Committees and the
Congressional Budget Office (CBO) - ANS-Congressional Budget Act of 1974
What are the three tests that must be met for use of the Necessary Expense doctrine? -
ANS-Must bear a logical relationship
, Not prohibited by law
Not funded elsewhere
Who are determined to be accountable individuals in the Department of Defense? -
ANS-Certifying and Disbursing Officers and Departmental Accountable Officials
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the
Department of Defense? - ANS-The Defense Finance and Accounting Service
What type of budgetary resources remains available for new obligations for more than
one fiscal year? - ANS-Multi-year authority
What type of budgetary resources remains available for new obligations until the
purpose for which they were provided is carried out? - ANS-No-year authority
What type of Congressional resolution can be thought of as a temporary appropriations
act? - ANS-Continuing resolution
If a Contracting Officer signs a contract in advance of an appropriation, what type of
violation has occurred? - ANS-Anti deficiency Act of Violation
What agency apportions funds for a working capital fund? - ANS-The Office of
Management and Budget (OMB)
41 USC 6301 - ANS-Public Contracts (Contracting Under Feed and Forage Act)
31 USC 1301 - ANS-Purpose
31 USC 1341 - ANS-Anti deficiency Act
31 USC 1342 - ANS-ADA Voluntary Service Limitation
31 USC 1502 - ANS-Balances Available; Period of Availability
31 USC 1501 - ANS-Obligations
31 USC 1517 - ANS-ADA Violation for Over Obligation
31 USC 1535 and 1536 - ANS-The Economy Act
31 USC 3302 and 1301 - ANS-Augmentation of Appropriations
3.1.18 What are the two basic uses of appropriations? - ANS-1) Obligations - legal
reservations for which payments or expenditures, will be made in the future.
