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CDFM MODULE 3 EXAM

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Exam study book Evolutionary Acquisition of Mark A. Lorell, Julia Lowell, Obaid Younossi - ISBN: 9780833038821 (CDFM MODULE 3 EXAM)

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CDFM MODULE 3 EXAM REAL EXAM 200 QUESTIONS AND
CORRECT ANSWERS(DETAILED ANSWERS)
Federal appropriations law can be categorized into which three topical areas? -
ANSWER: Purpose, Time and Amount

In the Department of Defense, final decision of fiscal law questions are "officially"
rendered by whom? - ANSWER: DoD General Counsel, Courts

What are the basic types of budget authority used in the Federal Government? -
ANSWER: Appropriations
Contract Authority
Borrowing Authority
Monetary Credits
Offsetting Collections and Receipts
Loan and Loan Guarantee Authority

Annual appropriations remain available for new obligations for how long? - ANSWER:
They normally remain available for new obligations for ONE fiscal year

Operation and Maintenance (O&M) is an example of what type of appropriation -
ANSWER: Annual appropriation

RDT&E is an example of what type of appropriation? - ANSWER: Multi-year
appropriation

Budget authority does not expire in what type of appropriation? - ANSWER: No-year
appropriation

Article 1, Section 9, of the U.S. Constitution gives the power to appropriate funds for
operating the Government to which branch of the Government? - ANSWER:
Legislative Branch (Congress)

Which law established the House and the Senate Budget Committees and the
Congressional Budget Office (CBO)? - ANSWER: Congressional Budget Act of 1974

What are the three tests that must be met for use of Necessary Expense doctrine? -
ANSWER: Must bear a logical relationship, not prohibited by law, not funded
elsewhere

Who are determined to be accountable individuals in the DoD? - ANSWER: Certifying
and Disbursing Officers and Departmental Accountable Officials

Who grants relief of liability to a certifying officer for erroneous or illegal payments
in the Department of Defense? - ANSWER: DFAS

, What type of budgetary resources remain available for new obligations for more
than one fiscal year? - ANSWER: Multi-year authority

What type of budgetary resources remains available for new obligations until the
purpose for which they were provided is carried out? - ANSWER: No-year authority

What type of Congressional resolution can be thought of as a temporary
appropriations act? - ANSWER: Continuing resolution

If a Contracting Officers signs a contract in advance of an appropriation, what type of
violation ahs occurred? - ANSWER: Anti Deficiency Act Violation

What agency apportions funds for working capital fund? - ANSWER: OMB

What are the four major functions in DoD Finance? - ANSWER: Entitlements,
Payments, Collections, Control of Public Funds

What is the primary organization in DoD with the responsibility for Finance
requirements? - ANSWER: DFAS

What is the acronym for disbursing office identification number? - ANSWER: DSSN

What three primary types of officials are accountable Individuals in the DoD? -
ANSWER: Certifying Officers, Disbursing Officers, Departmental Accountable Officials

Debt collection incudes collection of debts from what three groups? - ANSWER:
Current Employees and Military Members, Former Employees and Military
Members, Vendors

What is the normal collection method for debts owed by active military members
and civilian employees who are still in service? - ANSWER: Salary Offset

When collecting debts owed by vendors that have failed to properly respond to the
demand letters, what is the next step? - ANSWER: Do Not Pay List

When in doubt about the proper use of an appropriation, what may the disbursing
officer request from the OSD General Counsel on the propriety of the prospective
payment? - ANSWER: An advance decision

To what, along with accountability, does certification equate? - ANSWER: Liability

Who, besides the disbursing officer, is likely to be held accountable for an improper
payment? - ANSWER: The Certifying Officer

If a civilian employee receives less than 90% of his or her normal biweekly pay and
allowances, what may he or she request? - ANSWER: Special Pay

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