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Exam (elaborations)

CDFM Module 1

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What is the maximum number of days that units of the Selected Reserve and the Individual Ready Reserve who may be ordered to active duty (other than for training) without the consent of Congress? - Answer 365 days *What is the maximum number of members of the Selected Reserve and the Individual Ready Reserve who may be on duty at any one time? Of these, what is the maximum number who may be members of the Individual Ready Reserve? - Answer 200,000; 30,000 *What term is used to describe a civilian who could be deployed to a crisis area? - Answer Emergency Essential Employee *What types of activities are excluded from competition under OMB Circular A-76? - Answer Inherently Governmental *How frequently must federal agencies compile lists of activities that are not inherently governmental? - Answer Annually *What kind of activity is so intimately related to the public interest as to mandate performance by federal employees? - Answer Inherently Governmental Activity *What is one of the exceptions to the ban on gifts from outside sources? - Answer The value of the gift is $20 or less *What is the name of the Department's internal control effort? - Answer Manager's Internal Control Program (MICP) *The purposes of the Federal Managers' Financial Integrity Act of 1982 are to prevent waste or misuse of agency funds or property and to assure the accountability of what - Answer Assets *What do internal controls reasonably ensure? - Answer Programs achieve intended results Resources are used efficiently Programs/resources are protected from waste, fraud, and mismanagement Laws and regulations are followed Financial reporting is reliable and accurate *What agency issues "Standards for Internal Control in the Federal Government?" - Answer Government Accountability Office (GAO) *Segregation of duties is a type of which internal control standard? - Answer Control Activities *The Financial Managers Financial Integrity Act report must include agency plans to correct what type of weakness? - Answer Material Weakness *Who decides whether a weakness is material enough to warrant reporting as a "material weakness" to the next higher level? - Answer It is a management judgement *What should be the last milestone of the corrective action plan for each material weakness? - Answer Correction Validation

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CDFM Module 1(The three competency
areas of the EDFMTC book - fiscal law
will be in the test, but will be its own
set. Government Resource
Management Environment (30.4%);
Manpower Management (12.2%);
Enterprise Risk Management and
Internal Controls (20.3%); Fiscal Law
(37.1%; separate set) * Indicates review
questions from the book ~ Indicates
key questions or terms you should pay
closer attention to)2023
*How many branches of Government did the Constitution establish? - Answer Three
- Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch
(Article III)

*What was the predecessor to the Constitution? - Answer Articles of Confederation

*Where are all Federal-level laws enacted? - Answer Congress

*In which article of the Constitution is the power to raise taxes found? - Answer
Article I

*What occurs when Congress is not in session and the President does not sign a
properly-presented, enrolled bill within 10 days? - Answer Pocket Veto

*How frequently does Congress review the DoD budget request? - Answer Annually

*Approximately what percent of total federal spending is discretionary spending? -
Answer Thirty percent (30%)

*Which branch of Government implements laws? - Answer Executive Branch

*Which branch of Government is authorized to raise taxes and borrow money? -
Answer Legislative Branch (Congress)

*Which committee attempts to resolve differences between the House and Senate
version of a bill? - Answer Conference Committee, sometimes referred to as "the
Third Chamber"

,CDFM Module 1(The three competency
areas of the EDFMTC book - fiscal law
will be in the test, but will be its own
set. Government Resource
Management Environment (30.4%);
Manpower Management (12.2%);
Enterprise Risk Management and
Internal Controls (20.3%); Fiscal Law
(37.1%; separate set) * Indicates review
questions from the book ~ Indicates
key questions or terms you should pay
closer attention to)2023
*Which agency issues directions for use by other agencies in submitting their budget
estimates? - Answer Office of Management and Budget (OMB)

*What type of legislation provides an agency with budget authority? - Answer
Appropriation Acts provide budget authority

*What term is used to describe a subdivision of an apportionment - Answer Allotment

*What agency issues apportionments? - Answer Office of Management and Budget
(OMB)

*Which branch of Government conducts hearings on the effectiveness of
Government programs? - Answer Legislative Branch (Congress)

*In the federal budget process, which organizations actually prepare budget
estimates? - Answer Federal Agencies

*What is the largest single source of Federal Government tax revenues? - Answer
Individual Income Taxes (50% in 2020)

*What are requests for funds in addition to amounts already appropriated called? -
Answer Supplemental;
if funds have not been appropriated yet then a Budget Amendment would be
submitted instead of a Supplemental Request

*What financial control document is issued by the Treasury Department following the
signature of the Appropriations Act? - Answer Appropriation Warrant

, CDFM Module 1(The three competency
areas of the EDFMTC book - fiscal law
will be in the test, but will be its own
set. Government Resource
Management Environment (30.4%);
Manpower Management (12.2%);
Enterprise Risk Management and
Internal Controls (20.3%); Fiscal Law
(37.1%; separate set) * Indicates review
questions from the book ~ Indicates
key questions or terms you should pay
closer attention to)2023
*What term describes a postponement in the use of appropriated funds? - Answer
Deferral

*What term describes a cancellation of appropriated funds? - Answer Rescission

*After the DoD Appropriations Bill is signed into law, what does DoD request from
OMB? - Answer Apportionment

*An administrative reservation of funds is known as what? - Answer Commitment

*What gives a Federal agency the legal authority to operate a program? - Answer
Authorization Legislation

*Article 1, Section 8, Clause 1, of the U.S. Constitution empowers which branch of
the Federal Government to Collect Taxes? - Answer The Legislative Branch

*Where can the rules for calculating FTE employment be found? - Answer OMB
Circular A-11

*What term is used to refer to the totality of units in a DoD component? - Answer
Force Structure

*What term is used to refer to the authorized and programmed strength at the end of
the fiscal year for the active forces, the Selected Reserve, and appropriated-fund
civilian employees in the FYDP? - Answer Peacetime Strength

*What process involves assembling, organizing, and using manpower and material
resources in preparation for war or other emergency? - Answer Mobilization

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