CDFM Training Module 1 Exam with
Complete Solutions
$2,000,000 - ANS-What is the maximum dollar amount that operation and maintenance
(O&M) appropriations may be used to purchase unspecified minor military construction?
$18M increase in cumulative procurement costs - ANS-Which of the following types of
reprogramming requests does NOT require congressional notification?
5 - ANS-How many standards are there in the GAO Standards of Internal Control?
31 U.S.C. 1501 (a) The Obligation Statute - ANS-Which of the following statutes is NOT
considered in establishing the Augmentation Concept?
1921 Budget and Accounting Act - ANS-What federal law requires the President to have
executive oversight over all Agency budget proposals?
Employing personal services in the event of an emergency. - ANS-Which of the
following actions is NOT in violation of the Anti-Deficiency Act?
Establish structure, authority, and responsibility - ANS-According to the GAO Standards
for Internal Control in the Federal Government (Green Book), what principle is covered
by the Control Environment component?
Establishment of Internal Controls and Financial Systems - ANS-How does the Federal
Manager's Financial Integrity Act (FMFIA) of 1982 provide assurances to the Legislative
branch?
Extensions may not run beyond the session of Congress in which the extensions are
enacted - ANS-All of the following are true about Continuing Resolutions EXCEPT:
Fifth - ANS-In the life-cycle of an appropriation, the appropriation cancels on September
30 of which of the following years after the period of availability for incurring new
obligations expires?
Government Accountability Office - ANS-What Congressional office is charged with
examining all matters relating to the receipt, disbursement, and use of public funds?
Has NO public funds in his or her physical custody. - ANS-An authorized certifying
officer:
, House of Representatives. - ANS-Revenue-raising bills introduced in Congress must
originate in the:
http://congress.gov - ANS-Tom, a Senior Budget Analyst, needs to locate the "status" of
the upcoming fiscal year's Defense Military Construction Appropriation Bill. The most
direct website to find this information would be:
Impoundment Control Act of 1974 - ANS-Which of the following prescribes rules and
procedures under which the President may withhold appropriated funds from obligation?
Internal and External - ANS-According to OMB A-123, what types of risks should
management identify to effectively develop a robust risk management strategy?
Is designated by law in order to give it a special status such as Social Security. - ANS-A
program is designated as "off-budget" if it:
Item is the best price - ANS-Which is NOT considered a justification test under the
Necessary Expense Doctrine?
Lay and collect taxes. - ANS-Article 2 of the United States Constitution empowers the
President to do all of the following EXCEPT:
Management should remediate identified internal control deficiencies on a timely basis.
- ANS-During the monitoring phase, the remediation of an internal control deficiency
took four months to correct. According to the GAO Standards for Internal Control in the
Federal Government, which principal was NOT upheld?
Management. - ANS-The primary responsibility for, and management of, an effective
internal control program rests on:
Material - ANS-The Integrity Act report must include agency plans to correct what type
of weakness?
Miscellaneous Receipts Statute - ANS-Augmenting an appropriation by retaining
government funds received from another source violates which statute?
Not permitted to retain the briefcase because it was offered by an external organization
and is valued at more than $20. - ANS-A Junior Chamber of Commerce offers a
government employee a briefcase valued at $50 in appreciation for giving a luncheon
speech on a Federal management improvement program. The employee is:
Only when specifically authorized by law - ANS-Fines and penalties arising out of an
activity funded with Environmental Restoration (ER) funds may be paid under what
circumstances?
Complete Solutions
$2,000,000 - ANS-What is the maximum dollar amount that operation and maintenance
(O&M) appropriations may be used to purchase unspecified minor military construction?
$18M increase in cumulative procurement costs - ANS-Which of the following types of
reprogramming requests does NOT require congressional notification?
5 - ANS-How many standards are there in the GAO Standards of Internal Control?
31 U.S.C. 1501 (a) The Obligation Statute - ANS-Which of the following statutes is NOT
considered in establishing the Augmentation Concept?
1921 Budget and Accounting Act - ANS-What federal law requires the President to have
executive oversight over all Agency budget proposals?
Employing personal services in the event of an emergency. - ANS-Which of the
following actions is NOT in violation of the Anti-Deficiency Act?
Establish structure, authority, and responsibility - ANS-According to the GAO Standards
for Internal Control in the Federal Government (Green Book), what principle is covered
by the Control Environment component?
Establishment of Internal Controls and Financial Systems - ANS-How does the Federal
Manager's Financial Integrity Act (FMFIA) of 1982 provide assurances to the Legislative
branch?
Extensions may not run beyond the session of Congress in which the extensions are
enacted - ANS-All of the following are true about Continuing Resolutions EXCEPT:
Fifth - ANS-In the life-cycle of an appropriation, the appropriation cancels on September
30 of which of the following years after the period of availability for incurring new
obligations expires?
Government Accountability Office - ANS-What Congressional office is charged with
examining all matters relating to the receipt, disbursement, and use of public funds?
Has NO public funds in his or her physical custody. - ANS-An authorized certifying
officer:
, House of Representatives. - ANS-Revenue-raising bills introduced in Congress must
originate in the:
http://congress.gov - ANS-Tom, a Senior Budget Analyst, needs to locate the "status" of
the upcoming fiscal year's Defense Military Construction Appropriation Bill. The most
direct website to find this information would be:
Impoundment Control Act of 1974 - ANS-Which of the following prescribes rules and
procedures under which the President may withhold appropriated funds from obligation?
Internal and External - ANS-According to OMB A-123, what types of risks should
management identify to effectively develop a robust risk management strategy?
Is designated by law in order to give it a special status such as Social Security. - ANS-A
program is designated as "off-budget" if it:
Item is the best price - ANS-Which is NOT considered a justification test under the
Necessary Expense Doctrine?
Lay and collect taxes. - ANS-Article 2 of the United States Constitution empowers the
President to do all of the following EXCEPT:
Management should remediate identified internal control deficiencies on a timely basis.
- ANS-During the monitoring phase, the remediation of an internal control deficiency
took four months to correct. According to the GAO Standards for Internal Control in the
Federal Government, which principal was NOT upheld?
Management. - ANS-The primary responsibility for, and management of, an effective
internal control program rests on:
Material - ANS-The Integrity Act report must include agency plans to correct what type
of weakness?
Miscellaneous Receipts Statute - ANS-Augmenting an appropriation by retaining
government funds received from another source violates which statute?
Not permitted to retain the briefcase because it was offered by an external organization
and is valued at more than $20. - ANS-A Junior Chamber of Commerce offers a
government employee a briefcase valued at $50 in appreciation for giving a luncheon
speech on a Federal management improvement program. The employee is:
Only when specifically authorized by law - ANS-Fines and penalties arising out of an
activity funded with Environmental Restoration (ER) funds may be paid under what
circumstances?
