FOB105 FM Body of Knowledge (FMBOK)

Comptroller Squadron - answwer-In a typical wing structure, who is responsible for the use of wing financial services for military and civilian personnel? Operations Group - answwer-The ____________ operates the wing's primary mission weapons system. Regulates the daily consumption of resources - answwer-Which is a function of a Cost Center Manager (CCM)? Manages the budget, cost, and accounting functions for the base - answwer-Which is a function of the Financial Management Analysis (FMA) Officer? FMB (Financial Management Board) - answwer-The ______________ includes top-level managers, with membership tailored to the type of organization structure involved to determine priorities and ensure effective allocation of resources Financial Management Analysis Officer - answwer-The _____________ is the Chairperson of the Financial Working Group (FWG). Group Commanders - answwer-In a typical wing organization, Responsibility Center Managers (RCMs) are usually _____________. Resource Management System - answwer-The ______________ provides a way to establish priorities, choose policies, and act to get the desired results and required resources at an acceptable cost. Squadron - answwer-Cost Center Managers (CCMs) are usually at the _____________ level. Base/unit level operations activities - answwer-The Financial Working Group (FWG) manages commodities and resources integral to: Legislative Authority - answwer-"The established rule that is expenditure of public funds is proper only when authorized by Congress," describes: Congress - answwer-_____________ has the ability to appropriate funds to be spent by the federal government. Purpose, Time, and Amount - answwer-The three main elements that must be reviewed and we must ensure are properly examined before funds are obligated are: Necessary Expense Rule - answwer-To apply reasonable discretion and flexibility, the Government Accountability Office (GAO) developed the concept known as the ____________