CDFM Exam 3 Questions & Answers Questions with 100% Correct Answers | Verified

CDFM Exam 3 Questions & Answers Questions with 100% Correct Answers | Verified Who are determined to be accountable individuals for the DoD? - answerCertifying & Disbursing Officers & DAOs If a contracting officer signs a contract in advance of an appropriation, what type of violation has occurred? - answerADA What are the 4 major functions in DoD Finance? - answerEntitlements, Payments, Collections, Control of Public Funds What 3 primary types of officials are accountable individuals in the DoD? - answerCertifying & Disbursing Officers & DAOs When collecting debts owed by vendors that have failed to properly respond to demand letters, what is the next step? - answerDo not pay list If a civilian employee receives less than 90% of his/her pay and allowances, what may he/she request? - answerSpecial Pay When a civilian employee PCSs from OCONUS to CONUS, who pays? - answerOCONUS Activity How often does the disbursing officer need to inspect and document office security measures? - answerSemi-annually What are the two self-balancing sets of accounts in the USGSGL? - answerBudgetary and Proprietary In proprietary accounting, assets equal liabilities plus what? - answerNet position The aggregate amount of an entity's funds in the Treasury is in what account? - answerFund Balance with Treasury PP&E defines tangible assets with an estimated useful life of more than what number of years? - answer2 Which three federal agencies established the FASAB? - answerGAO, Treasury & OMB