SCMOC Exam 3 Study Guide Questions And Answers
Rated A+
Without the aid of references, identify the government agency that appropriates funds to the Armed
Services ANS Congress
Without the aid of references, identify the fiscal year beginning and end dates in the Marine Corps
ANS 1 Oct - 30 Sept
With the aid of reference, identify the purpose of financial management ANS To properly execute
the legal and administrative responsibilities of funds
With the aid of reference, identify the agency within the Department of Defense (DoD) responsible
for finance and accounting policies, procedures, standards, systems, and operations ANS Defense
Finance and Accounting System (DFAS)
With the aid of references, list the funding flow from the highest to the lowest levels of operational
command ANS Level 1 Appropriations - HQMC
Level 2 Apportionments- Major Command Recipients
Level 3 Allotments - MEF
Level 4 Sub-Allotments - MSC
With the aid of reference, given a list of the types of appropriations, select the definition for the type
of appropriation ANS Annual - pay and allowances, operations and maintenance
Multi-year - major end items
No-year - revolving
With the aid of reference, identify the types of documentation required to perform financial
management functions for a command ANS DD 577 and Appointment letters
With the aid of references, identify the appointing authority for financial management roles and
responsibilities within a command ANS Commanding Officer
, With the aid of reference, describe the Defense Agencies Initiative (DAI) ANS DAI is an
integrated financial management solution that provides a real-time, web-based system of integrated
business processes used by defense financial managers, program managers, auditors, and the Defense
Finance and Accounting Service
With the aid of reference, given a description, state the phases of the Defense Agencies Initiative
(DAI) transaction cycle ANS - Requisition/Request: Commitment of funds for goods or services
- Award/Purchase Order: Firm, legally binding agreement between parties
- Receipt: Anticipated, pre-validation, or actual receipt of goods or services
- AP Invoice: Process of receiving, recording, and routing invoices for payment
- Payment: Disbursement of funds from buyer to seller for goods or services
Without the aid of reference, name the types of budget appropriation categories concerning Marine
Corp Aviation, Marine Corps O&M requirements, and multi-service operations and describe each
ANS Green Dollars - Uniquely MC
Blue Dollars - Navy and all MC aviation activities
Purple Dollars - Joint money used for operations conducted by multiple services or nations
Without the aid of reference, list the major fiscal limitations that Congress uses to control how
agencies use funding ANS Purpose Time Amount
Without the aid of reference, select the frequency that key fund control personnel are required to
receive Fiscal Law training ANS Every 3 years
Without the aid of reference, given a list of Special Interest Items, select the description associated
with the Special Interest Item ANS MILCON - Construction
SOFA - US and host nations to define rights, immunities...
ACSA - bilateral agreement
CCIF - funding distributed to Combatant Commanders...
NAF - Not appropriated by Congress and not held within the US treasury
ORF - susceptible to fraud, waste, and abuse
Rated A+
Without the aid of references, identify the government agency that appropriates funds to the Armed
Services ANS Congress
Without the aid of references, identify the fiscal year beginning and end dates in the Marine Corps
ANS 1 Oct - 30 Sept
With the aid of reference, identify the purpose of financial management ANS To properly execute
the legal and administrative responsibilities of funds
With the aid of reference, identify the agency within the Department of Defense (DoD) responsible
for finance and accounting policies, procedures, standards, systems, and operations ANS Defense
Finance and Accounting System (DFAS)
With the aid of references, list the funding flow from the highest to the lowest levels of operational
command ANS Level 1 Appropriations - HQMC
Level 2 Apportionments- Major Command Recipients
Level 3 Allotments - MEF
Level 4 Sub-Allotments - MSC
With the aid of reference, given a list of the types of appropriations, select the definition for the type
of appropriation ANS Annual - pay and allowances, operations and maintenance
Multi-year - major end items
No-year - revolving
With the aid of reference, identify the types of documentation required to perform financial
management functions for a command ANS DD 577 and Appointment letters
With the aid of references, identify the appointing authority for financial management roles and
responsibilities within a command ANS Commanding Officer
, With the aid of reference, describe the Defense Agencies Initiative (DAI) ANS DAI is an
integrated financial management solution that provides a real-time, web-based system of integrated
business processes used by defense financial managers, program managers, auditors, and the Defense
Finance and Accounting Service
With the aid of reference, given a description, state the phases of the Defense Agencies Initiative
(DAI) transaction cycle ANS - Requisition/Request: Commitment of funds for goods or services
- Award/Purchase Order: Firm, legally binding agreement between parties
- Receipt: Anticipated, pre-validation, or actual receipt of goods or services
- AP Invoice: Process of receiving, recording, and routing invoices for payment
- Payment: Disbursement of funds from buyer to seller for goods or services
Without the aid of reference, name the types of budget appropriation categories concerning Marine
Corp Aviation, Marine Corps O&M requirements, and multi-service operations and describe each
ANS Green Dollars - Uniquely MC
Blue Dollars - Navy and all MC aviation activities
Purple Dollars - Joint money used for operations conducted by multiple services or nations
Without the aid of reference, list the major fiscal limitations that Congress uses to control how
agencies use funding ANS Purpose Time Amount
Without the aid of reference, select the frequency that key fund control personnel are required to
receive Fiscal Law training ANS Every 3 years
Without the aid of reference, given a list of Special Interest Items, select the description associated
with the Special Interest Item ANS MILCON - Construction
SOFA - US and host nations to define rights, immunities...
ACSA - bilateral agreement
CCIF - funding distributed to Combatant Commanders...
NAF - Not appropriated by Congress and not held within the US treasury
ORF - susceptible to fraud, waste, and abuse
