CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM)
ACTUAL EXAM TEST BANK
What is the biennial process used to acquire, allocate, account for, and analyze
personnel and financial resources for the DoD? - ANSWER: PPBS
What automated database summarizes all forces, resources, and equipment
associated with programs approved by the SECDEF? - ANSWER: FYDP
What is the final document of the planning phase? - ANSWER: DPG
Where does each DoD component submit programs to? - ANSWER: Service-level
POM
What does the POM include? - ANSWER: Analysis of missions, objectives, alternative
methods, and allocation of resources
What is the Joint Program Assessment Memorandum (JPAM)? - ANSWER: Risk
assessment based on the capability of the composite force level and support
program fro the U.S. Armed Forces
What are Issue Books? - ANSWER: One-page outlines of proposed major issues
What is Budget Development (final phase of the PPBS process)? - ANSWER: The
translation of programmatic decision into resources in an appropriation format
What denotes the final output of the PPBS? - ANSWER: Submission of the DoD
budget to the President
What constitutes the largest amount of money the Federal Government receives to
pay its bills? - ANSWER: Revenues generated from individual taxes
What does the budget cycle include? - ANSWER: Budget formulation, congressional
action, budget execution, and Review & Audit
What does the OMB Director's Review provide? - ANSWER: An opportunity for the
principal officials of OMB to obtain an understanding of program aspirations and
budget request, an analysis of significant issues, relationship of budge requests, and
the relationship of agency requests to planning targets
Who does the President submit his/her recommended budget to? - ANSWER:
Congress
What does Congressional action incude? - ANSWER: Committee hearings, the First
Concurrent Resolution, Appeals to Congress, and then Senate action
, What is the first step in budget execution? - ANSWER: DoD requests an
Apportionment from OMB
When may budgetary resources be deferred? - ANSWER: When deemed appropriate
by OMB
What is a Rescission? - ANSWER: When authority to obligate funds is cancelled
What constitutes Monitorship? - ANSWER: Administrative controls of funds,
reporting of results, assessment of applicability, and supply of financial information
to DoD managers
Taking the Economy Act into account, when may DoD or miitary organizations do
work for another agency or organization? - ANSWER: Provided that the order is in
the best interest of the Government, the agency to fill the order can provide or
acquire the goods or services, and Funding is Available
What is reprogramming? - ANSWER: Transfer of funds between program element or
line items within an appropriation
Who must approve reprogramming? - ANSWER: DoD Comptroller (Approving
Official)
What is Business Process Reengineering? - ANSWER: An approach to dramatically
imporve operating effectiveness
What does Process Reengineering focus on? - ANSWER: Process of producing the
Output, rather than on the restructuring of organiations
How does reengineering help out the DoD? - ANSWER: Reengineering makes the
DoD's business practices more simple, more efficient, and less prone to error
The reengineering team should be composed of fewer than how many players? -
ANSWER: 10
What is Benchmarking? - ANSWER: The Process of measuring performance against
best in class organizations and adapting those organizations' best practices
Under the 1993 Government Performance and Results Act (FPRA), all expenditures
must be tied to what? - ANSWER: Annual performance goals and objectives
The Results Act requires agencies to develop what? - ANSWER: Five-year strategic
plans, annual performance plans, and annual Performance Reports
What does OMB Circular A-76 establish? - ANSWER: Federal policy regarding the
performance of commercial activities to achieve economy and enhance productivity
ACTUAL EXAM TEST BANK
What is the biennial process used to acquire, allocate, account for, and analyze
personnel and financial resources for the DoD? - ANSWER: PPBS
What automated database summarizes all forces, resources, and equipment
associated with programs approved by the SECDEF? - ANSWER: FYDP
What is the final document of the planning phase? - ANSWER: DPG
Where does each DoD component submit programs to? - ANSWER: Service-level
POM
What does the POM include? - ANSWER: Analysis of missions, objectives, alternative
methods, and allocation of resources
What is the Joint Program Assessment Memorandum (JPAM)? - ANSWER: Risk
assessment based on the capability of the composite force level and support
program fro the U.S. Armed Forces
What are Issue Books? - ANSWER: One-page outlines of proposed major issues
What is Budget Development (final phase of the PPBS process)? - ANSWER: The
translation of programmatic decision into resources in an appropriation format
What denotes the final output of the PPBS? - ANSWER: Submission of the DoD
budget to the President
What constitutes the largest amount of money the Federal Government receives to
pay its bills? - ANSWER: Revenues generated from individual taxes
What does the budget cycle include? - ANSWER: Budget formulation, congressional
action, budget execution, and Review & Audit
What does the OMB Director's Review provide? - ANSWER: An opportunity for the
principal officials of OMB to obtain an understanding of program aspirations and
budget request, an analysis of significant issues, relationship of budge requests, and
the relationship of agency requests to planning targets
Who does the President submit his/her recommended budget to? - ANSWER:
Congress
What does Congressional action incude? - ANSWER: Committee hearings, the First
Concurrent Resolution, Appeals to Congress, and then Senate action
, What is the first step in budget execution? - ANSWER: DoD requests an
Apportionment from OMB
When may budgetary resources be deferred? - ANSWER: When deemed appropriate
by OMB
What is a Rescission? - ANSWER: When authority to obligate funds is cancelled
What constitutes Monitorship? - ANSWER: Administrative controls of funds,
reporting of results, assessment of applicability, and supply of financial information
to DoD managers
Taking the Economy Act into account, when may DoD or miitary organizations do
work for another agency or organization? - ANSWER: Provided that the order is in
the best interest of the Government, the agency to fill the order can provide or
acquire the goods or services, and Funding is Available
What is reprogramming? - ANSWER: Transfer of funds between program element or
line items within an appropriation
Who must approve reprogramming? - ANSWER: DoD Comptroller (Approving
Official)
What is Business Process Reengineering? - ANSWER: An approach to dramatically
imporve operating effectiveness
What does Process Reengineering focus on? - ANSWER: Process of producing the
Output, rather than on the restructuring of organiations
How does reengineering help out the DoD? - ANSWER: Reengineering makes the
DoD's business practices more simple, more efficient, and less prone to error
The reengineering team should be composed of fewer than how many players? -
ANSWER: 10
What is Benchmarking? - ANSWER: The Process of measuring performance against
best in class organizations and adapting those organizations' best practices
Under the 1993 Government Performance and Results Act (FPRA), all expenditures
must be tied to what? - ANSWER: Annual performance goals and objectives
The Results Act requires agencies to develop what? - ANSWER: Five-year strategic
plans, annual performance plans, and annual Performance Reports
What does OMB Circular A-76 establish? - ANSWER: Federal policy regarding the
performance of commercial activities to achieve economy and enhance productivity
