FOB105- FM Body of Knowledge: Module
11 Questions and Correct Answers | Latest
Update
The first quarter of the government fiscal year is from _________.
→ ~~> October to December
__________ loads funds into the accounting system to ensure commitments and obligations
have funds available for spending purposes.
→ ~~> Financial Analysis Office (FMA)
Budget development for the next fiscal year begins in the _______ quarter.
→ ~~> Third
The third quarter of the government fiscal year is from __________.
→ ~~> April to June
Closeout procedures include managing Air Force funds to:
→ ~~> All of the above:
A) Use available funds most effectively for recognized operational needs
B) Ensure obligation recorded by 30 September are valid so funds are not lost because of
administrative errors.
C) Aim to closeout as successfully as possible.
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