CDFM Module 3.3 Exam Questions And
Answers
The rule that states a fiscal year appropriation may be only
obligated to meet a legitimate need arising in the fiscal(s) for which
the appropriation was made is called the ________________. -
correct answer ✅Bona Fide Need
The _______audits the performance of the executive branch. -
correct answer ✅General Accounting Office
The accounting entity for DoD that maintains a central general
ledger to account for DoD resources, determines cost operations, is
_______ -
correct answer ✅Defense Finance Accounting Services
The regulation that is composed of 15 volumes and provides DoD
components with the policy and procedures within the
responsibility of the Under Secretary of Defense (Comptroller) is
the__________ -
correct answer ✅The DoD 7000.14R, Financial Management
Regulation (FMR)
The FMR 7000.14 volume that covers the form and content of DoD
Audited Financial Statement is ___ -
correct answer ✅Volume 6b
,CDFM Module 3.3 Exam Questions And
Answers
_______are revolving funds used for programs authorized by law to
conduct a cycle of business-type operations in which outlays
generate collections. -
correct answer ✅Public Enterprise Funds
__________are part of the budget and record receipts not
earmarked by law for a specific purpose, such as almost all income
tax receipts. -
correct answer ✅General Funds
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for Memorandum is _____________. -
correct answer ✅8000
__________account for the receipt and expenditure of monies by
the government for carrying out specific purposes and programs in
accordance with the terms of a statute that designates the fund as
a trust fund. -
correct answer ✅Trust Funds
, CDFM Module 3.3 Exam Questions And
Answers
The Federal accounting framework includes three accounting
systems ________, ________, &_______. -
correct answer ✅Budgetary accounting, financial accounting, &
managerial cost accounting
A MIPR maybe used as a __________ or__________ and
__________cross fiscal years. -
correct answer ✅Project Orders, Economy Act Orders: may
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for assets is _____________. -
correct answer ✅1000
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for Net Position (Capital) is _____________. -
correct answer ✅3000
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for Liabilities is _____________. -
correct answer ✅2000
Answers
The rule that states a fiscal year appropriation may be only
obligated to meet a legitimate need arising in the fiscal(s) for which
the appropriation was made is called the ________________. -
correct answer ✅Bona Fide Need
The _______audits the performance of the executive branch. -
correct answer ✅General Accounting Office
The accounting entity for DoD that maintains a central general
ledger to account for DoD resources, determines cost operations, is
_______ -
correct answer ✅Defense Finance Accounting Services
The regulation that is composed of 15 volumes and provides DoD
components with the policy and procedures within the
responsibility of the Under Secretary of Defense (Comptroller) is
the__________ -
correct answer ✅The DoD 7000.14R, Financial Management
Regulation (FMR)
The FMR 7000.14 volume that covers the form and content of DoD
Audited Financial Statement is ___ -
correct answer ✅Volume 6b
,CDFM Module 3.3 Exam Questions And
Answers
_______are revolving funds used for programs authorized by law to
conduct a cycle of business-type operations in which outlays
generate collections. -
correct answer ✅Public Enterprise Funds
__________are part of the budget and record receipts not
earmarked by law for a specific purpose, such as almost all income
tax receipts. -
correct answer ✅General Funds
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for Memorandum is _____________. -
correct answer ✅8000
__________account for the receipt and expenditure of monies by
the government for carrying out specific purposes and programs in
accordance with the terms of a statute that designates the fund as
a trust fund. -
correct answer ✅Trust Funds
, CDFM Module 3.3 Exam Questions And
Answers
The Federal accounting framework includes three accounting
systems ________, ________, &_______. -
correct answer ✅Budgetary accounting, financial accounting, &
managerial cost accounting
A MIPR maybe used as a __________ or__________ and
__________cross fiscal years. -
correct answer ✅Project Orders, Economy Act Orders: may
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for assets is _____________. -
correct answer ✅1000
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for Net Position (Capital) is _____________. -
correct answer ✅3000
The US Standard General Ledger established the account structure
(chart of account) The Federal Accounting structure chart number
for Liabilities is _____________. -
correct answer ✅2000
