CDFM All Modules FISCAL LAW
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act?
FALSE
Agencies are responsible for maintaining a system of accounting and internal controls to avoid
violations of the?
31 USC 1341, 1342, and 1517 ADA
The 2 provisions of the US Constitution that provide the underpinning for the budget process are?
Article 1 Section 8 clause 1, Article 1 Section 9 clause 7
T/F? Article 2 section 8 empowers Congress to collect taxes and Section 9 requires appropriations in
law before money can be spent from the Treasury?
FALSE
The penalty for willfully and knowingly violating the Anti Deficiency Act is?
Up to 2 years and a $5,000 fine or both
Over obligation of an appropriation or funds and obligations or contracts in advance of an
appropriation is a violation of?
31 USC 1341a
________ appropriations is (are) no longer available for adjustments or payments any adjustments
will be charged to current same appropriation (1% max)?
Cancelled
Over-obligations of apportionments, allotments or other subdivision of funds are a violation of?
31 USC 1517
T/F? Not knowingly or willfully committing a violation of the Anti-Deficiency Act does not, by itself,
justify a decision to not impose disciplinary action against the individual?
TRUE
It is the responsibility of the _____ to review and approve the agency systems of administrative
control of funds to prevent violations of the Anti-Deficiency Act?
OMB
Acceptance of voluntary service is a violation of?
31 USC 1342
Prescribe rules and procedures for budget execution. Many of the specific provisions were previously
enacted as Section 3679 of the revised statutes also known as the Anti-Deficiency Act?
Chapters 13 and 15, 31 USC
,The Basic substantive legislation enacted by Congress that sets up or continues the legal operation of
a Federal program or agency either indefinitely or for a specific time frame or sanctions a particular
type of obligation or expenditure within a program is?
Authorization
T/F? For no year and unexpired multiyear contracts, apportioned recoveries of prior year obligations
are available for new obligations?
TRUE
Is the shift from one purpose or activity to another within the same appropriations?
Reprogramming
Is the shift from one purpose or activity to another between different appropriations?
Transfer
The Package that lists all of the reprogramming actions and all sources and increases is the?
Omnibus Reprogramming Request
The amount of obligational authority transferred from one agency bureau or account that is set aside
in a transfer appropriation account to carry out the purpose of the parent appropriation is a (n)?
Allocations
The issuance of Treasury Warrants are the _____ ______ action taken after the President signs the bill
into law?
1st legal
The 3 Dimensions of Budget Resource Availability are?
Purpose, Time and Amount
______is required for reprogramming that result in increases in procurement quantities of major
program end items, changes to Congressional Interest Items in an Authorization Act, movement of
funds between appropriations involving General Transfer Authority?
Congressional Prior Approval
T/F? For expired accounts recoveries of prior year obligations are available for new obligations
incurred in current year?
FALSE
The system that measures and controls the use of the resources according to the purposes for which
budget authority was enacted and that records receipts and other collections by source?
Budgetary Accounting
______ is (are) the authority provided by Federal law to incur financial obligations that will result in
immediate or future outlays.
Budget Authority
, Are the reduction or cancellation of new budget authority; unobligated balances, new loan guarantee
commitments or limitations?
Sequestration appropriations
A footnote to apportionments should specify that, "Pursuant to 31 USC 1553(b) not the exceed 1% of
the total appropriations for this account is apportioned for the purpose of paying legitimate
obligations related to canceled appropriations" This is called the?
One Percent Requirement
Is any organizational, functional, programmatic, or other applicable subdivision, used to delineate
responsibilities under management control assessment procedures?
Assessable Unit
The time frame for investigations of potential violations of the Anti deficiency Act, including
submission of the final report to the Under Secretary of Defense Comptroller is?
9 months
The formal program management control was established in DoD with the?
Federal Managers Financial Integrity Act of 1982
T/F? One goal of the Federal Managers Integrity Act is to establish internal controls that make it
easier to determine misuse and waste of agency funds or property and to assure the accountability of
assets?
TRUE
Establishes guidelines for reviewing internal controls?
Director OMB
Evaluates internal controls annually and submits to Congress and the President as a report. The
reports are to be available to the public, excluding classified information?
Head of each Agency
OMB Circular that provides guidance on improving the accountability and effectiveness of Federal
programs and operations by using management controls?
A-123
Organization, policies, and procedures used to reasonably ensure that certain events take place?
Management Controls
The ________ environment is the management and employees attempt to establish and maintain an
environment throughout the organization that sets a positive and supportive attitude toward internal
control and conscientious management?
Control
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act?
FALSE
Agencies are responsible for maintaining a system of accounting and internal controls to avoid
violations of the?
31 USC 1341, 1342, and 1517 ADA
The 2 provisions of the US Constitution that provide the underpinning for the budget process are?
Article 1 Section 8 clause 1, Article 1 Section 9 clause 7
T/F? Article 2 section 8 empowers Congress to collect taxes and Section 9 requires appropriations in
law before money can be spent from the Treasury?
FALSE
The penalty for willfully and knowingly violating the Anti Deficiency Act is?
Up to 2 years and a $5,000 fine or both
Over obligation of an appropriation or funds and obligations or contracts in advance of an
appropriation is a violation of?
31 USC 1341a
________ appropriations is (are) no longer available for adjustments or payments any adjustments
will be charged to current same appropriation (1% max)?
Cancelled
Over-obligations of apportionments, allotments or other subdivision of funds are a violation of?
31 USC 1517
T/F? Not knowingly or willfully committing a violation of the Anti-Deficiency Act does not, by itself,
justify a decision to not impose disciplinary action against the individual?
TRUE
It is the responsibility of the _____ to review and approve the agency systems of administrative
control of funds to prevent violations of the Anti-Deficiency Act?
OMB
Acceptance of voluntary service is a violation of?
31 USC 1342
Prescribe rules and procedures for budget execution. Many of the specific provisions were previously
enacted as Section 3679 of the revised statutes also known as the Anti-Deficiency Act?
Chapters 13 and 15, 31 USC
,The Basic substantive legislation enacted by Congress that sets up or continues the legal operation of
a Federal program or agency either indefinitely or for a specific time frame or sanctions a particular
type of obligation or expenditure within a program is?
Authorization
T/F? For no year and unexpired multiyear contracts, apportioned recoveries of prior year obligations
are available for new obligations?
TRUE
Is the shift from one purpose or activity to another within the same appropriations?
Reprogramming
Is the shift from one purpose or activity to another between different appropriations?
Transfer
The Package that lists all of the reprogramming actions and all sources and increases is the?
Omnibus Reprogramming Request
The amount of obligational authority transferred from one agency bureau or account that is set aside
in a transfer appropriation account to carry out the purpose of the parent appropriation is a (n)?
Allocations
The issuance of Treasury Warrants are the _____ ______ action taken after the President signs the bill
into law?
1st legal
The 3 Dimensions of Budget Resource Availability are?
Purpose, Time and Amount
______is required for reprogramming that result in increases in procurement quantities of major
program end items, changes to Congressional Interest Items in an Authorization Act, movement of
funds between appropriations involving General Transfer Authority?
Congressional Prior Approval
T/F? For expired accounts recoveries of prior year obligations are available for new obligations
incurred in current year?
FALSE
The system that measures and controls the use of the resources according to the purposes for which
budget authority was enacted and that records receipts and other collections by source?
Budgetary Accounting
______ is (are) the authority provided by Federal law to incur financial obligations that will result in
immediate or future outlays.
Budget Authority
, Are the reduction or cancellation of new budget authority; unobligated balances, new loan guarantee
commitments or limitations?
Sequestration appropriations
A footnote to apportionments should specify that, "Pursuant to 31 USC 1553(b) not the exceed 1% of
the total appropriations for this account is apportioned for the purpose of paying legitimate
obligations related to canceled appropriations" This is called the?
One Percent Requirement
Is any organizational, functional, programmatic, or other applicable subdivision, used to delineate
responsibilities under management control assessment procedures?
Assessable Unit
The time frame for investigations of potential violations of the Anti deficiency Act, including
submission of the final report to the Under Secretary of Defense Comptroller is?
9 months
The formal program management control was established in DoD with the?
Federal Managers Financial Integrity Act of 1982
T/F? One goal of the Federal Managers Integrity Act is to establish internal controls that make it
easier to determine misuse and waste of agency funds or property and to assure the accountability of
assets?
TRUE
Establishes guidelines for reviewing internal controls?
Director OMB
Evaluates internal controls annually and submits to Congress and the President as a report. The
reports are to be available to the public, excluding classified information?
Head of each Agency
OMB Circular that provides guidance on improving the accountability and effectiveness of Federal
programs and operations by using management controls?
A-123
Organization, policies, and procedures used to reasonably ensure that certain events take place?
Management Controls
The ________ environment is the management and employees attempt to establish and maintain an
environment throughout the organization that sets a positive and supportive attitude toward internal
control and conscientious management?
Control
