CDFM Exam 1 Study Set
... - ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
... - ANS-while real payments are made)
1.Four.25: Difference between Disparate Treatment and Adverse Impact? - ANS-DT = Unfair
software of a rule, policy or exercise; AI= software of rule has a poor impact on included
elegance)
1.Four.26: 1991 Civ. Rights Act.....? - ANS-presents for compensatory or damages in EEO
cases)
1.Four.26: Average fee of EEO grievance - 1980 GAO examine? Recent DoD study? -
ANS-20-40K)(100K)
1.4.26: What did the 1972 EEO Act do? - ANS-brought fed gov in keeping with 1964 Civ
Rights Act & required affirmative action plans)
1.Four.28: Developing Affirm. Action applications is the obligation of...? - ANS-employer
degree)
1.Four.32: First step to RIF is putting what limits? - ANS-organization & Geographic;
competitive level set with the aid of grade and career)
1.Four.33: What % of profits contribution under CSRS and FERS? - ANS-7% and .Eight% -
each are matched)
1.Four.36: What is DOPMA, what did it do? - ANS-Def Officers Pers. Mngt Act; limit 04-06
promotions)
1.Five.Eleven: According to GAO requirements, Internal Controls have to encompass what
five standards? - ANS-CRIME: Control Activities - use the controls, Risk Assessment -
understand threats, Information & Communications - record & distribute remarks, Monitoring
- is software running to enhance, Environment - effective mind-set in the direction of IC
Program)
1.5.11: Of the five GAO IC Program standards, which is the foundation? - ANS-Control
Environment)
1.5.13: What are the two Financial Reporting Deficiencies? - ANS-Significant and Material)
1.5.13: What are the 2 wellknown internal manipulate deficiencies? - ANS-Reportable
Condition & Material Weakness) Which receives tracked internally and which receives
pronounced? (RC, MW respectively)
1.5.13: When should a deficiency be said? - ANS-if is/have to be of interest to better
authority)
1.5.14: Corrective movement plans need to be advanced for __? - ANS-all fabric
weaknesses)
1.5.14: To whom is the Annual Statement of Assurance submitted and whilst? - ANS-OMB,
45 days after give up of the FY)
1.Five.14: What three matters are at the Annual Statement of Assurance? - ANS-Statement
of Assurance that controls are accomplishing results, Report on Mat. Weaknesses, and
guarantee on ICOFR)
1.5.15: DoD ought to submit annually a Stmt of Assurance for what three things? -
ANS-Overall, Fin. Systems, & ICOFR)
,1.Five.15: What are the 3 choices for the Statement of Assurance? - ANS-Unqualified,
Qualified - exceptions explicitly noted, No Assurance)
1.5.Sixteen: Who makes the final dedication if a weak point is cloth or not? - ANS-control)
1.5.19: Heads - ANS-or Deputies) of DoD Components have to publish Statements of
Assurance to the SECDEF by way of when? (October 1 - however OSD wishes it by way of
1 September)
1.5.20: The declaration of assurance has what 4 elements? - ANS-Cover memo pointing out
common reliability of the IC Program - unqualified, certified, No; 2. Description of the way
assessment was carried out; 3. Declaration about uncorrected weaknesses in CY and PY
and plans to correct; 4. Statement on weak point corrected in the CY - such as the ones
identified in PYs)
1.5.3: The Fed. Mngrs. Fin. Integrity Act of 1982 prevents ___ & assures ____ - ANS-waste
or misuse of finances or assets; responsibility of belongings)
1.5.Three: What employer troubles the standards for internal controls? - ANS-GAO)
1.5.3: What type of weakness crosses components? - ANS-systematic)
1.Five.7: DoD est. The Internal Control Program to comply with___ and uses___ for
guidance? - ANS-The FMFI Act of 1982; OMB Circ. A-123, GAO Standards; DoDI 5010.40)
1.5.Nine: According to the FMFIA who est. Suggestions for reviewing controls? - ANS-OMB)
1.5.Nine: The Internal Control reviews to Congress should consist of as declaration on the
conformance of accounting systems with standards set by way of Comptroller General. -
ANS-T)
1.5.9: What is PAR, what are the 3 rankings, what mandates the PAR, and why? - ANS-Perf.
& Accountability Report, 1. Overall ICs, 2. Fin. Mngt Systems IC assessment, 3. ICOFR or
Internal Controls over Fin. Reporting; FMFIA; to make public the IC evaluation)
1.Five.9: Who evaluates and submits reviews to Congress? - ANS-Agency Heads or
SECDEF/DEPSEC)
1.5.9: Who is liable for Internal Controls? - ANS-Everyone)
10: Armed Forces - ANS-...
18: Criminal Codes - ANS-...
2: Congress - ANS-...
2.1.11: PPBE was initiated by means of who? When? - ANS-SECDEF McNamara; Sixties)
2.1.12: What is the precept discussion board for thinking about country wide safety and
overseas coverage? - ANS-NSC)
2.1.12: Who are the precept members of the NSC? - ANS-Pres., V.Pres, SECDEF,
SECState)
2.1.12: Who are the statutory advisors to the NSC? - ANS-CJCS & Dir. National Intelligence)
2.1.14: What essential file comes from the NSC? - ANS-National Security Strategy)
2.1.15: By regulation, who does SECDEF publish the QDR to? - ANS-Congress)
2.1.15: What four things make up the DoD Security Strategy? - ANS-NDS - SECDEF; NMS -
CJCS; Strategy for Homeland Defense and Civil Support - SECDEF; QDR - each 4 years)
2.1.15: What is the QDR for? When prepared? - ANS-to summarize army goals and
techniques for coming 4 years; in February of 2nd yr of a brand new presidential time period)
2.1.15: What three files are used to draft the QDR? - ANS-NDS, NMS, & Homeland
Strategy)
2.1.24: When and what starts offevolved the PPBE process? - ANS-18-21 months previous
to FY; COCOMS put up IPLs the usage of the NDS/NMS/QDR/JPD as steerage to the
SECDEF and CJCS)
, 2.1.26: What is going on the IPL? - ANS-excessive priority wishes, regularly includes comm
and intel concerns)
2.1.26: What is the cause of the IPL? - ANS-to provide visibility of key
priorities/desires/concerns)
2.1.28: Is the JPG fiscally restricted? - ANS-Yes)
2.1.28: The SLRG additionally evaluations software execution. - ANS-T)
2.1.28: What documents does the SLRG approve? - ANS-Strategic Planning Document &
JPG)
2.1.28: What is the SLRG and who is it made up of? - ANS-Sen. Leadership Review Group;
SECDEF - Chair, Service Secretaries, USDs, CJCS, OSD (PA&E))
2.1.29: POMs include opportunity strategies of accomplishing targets and are submitted how
frequently? - ANS-even numbered years, just like the JPG)
2.1.29: The software duration includes __ - ANS-two budget years, four making plans years
and three FS years)
2.1.29: The programming phase "prices out" force objectives. - ANS-T)
2.1.29: The purpose of the Programming segment is to come up with an in depth allocation
of resources via use of___ - ANS-JPG, POMs, PDMs & Issue Books)
2.1.29: Who writes POMs? - ANS-Component Commanders)
2.1.Three: FMR Vol 1 is? - ANS-Gen FM, systems and Requirements)
2.1.3: FMR Vol 11a - ANS-Reimbursables)
2.1.Three: FMR Vol 2a&b - ANS-Budget Formulation and Presentation)
2.1.3: FMR Vol 3 - ANS-Budget Execution)
2.1.Three: OMB Circ A-109 - ANS-Major Systems Acquisition)
2.1.3: OMB Circ A-11 - ANS-Prep and Submission of Budget Estimates (BESs))
2.1.Three: OMB Circ A-123 - ANS-Management and Accountability Act)
2.1.3: OMB Circ A-127 - ANS-Fin. Mngt. Systems)
2.1.Three: OMB Circ A-seventy six - ANS-Commercial Activities)
2.1.30: What is submitted in lieu of POMs in abnormal years? - ANS-Change Proposals
CPs)
2.1.33: What body critiques/develops the PDM? Who approves it? - ANS-SLRG; SECDEF)
2.1.33: What completes the Programming Phase? - ANS-PDMs)
2.1.33: What is the CPA again? - ANS-Chairman's Program Assessment; surveys and
assesses the tips of Service POMs)
2.1.33: What is the PDM? - ANS-Program Decision Memo; formal assertion of the decisions
made by using the SECDEF & DEPSEC after reviewing the CPA & Issue Books)
2.1.35: BES include finances estimates for which years? - ANS-PY, CY, and a couple of BYs)
2.1.35: Who submits BESs? When are BESs submitted? Who are BESs submitted to? -
ANS-DoD Components; September of even numbered years; OSD)
2.1.36: BESs are reviewed through OMB/OSD in Fall and generate what? - ANS-PBDs)
2.1.36: Fall or the Budget Review selections are recorded in what system? - ANS-CIS)
2.1.36: What is the respectable OSD document of BESs as adjusted with the aid of SECDEF
- ANS-CIS)
2.1.39: How regularly is the FYDP machine updated? - ANS- times in even numbered years
because of the POM and BES submissions and the President's Budget; one time in unusual
years to correspond with the President's price range)
2.1.Four: DoDD 1100.Four - ANS-Guidance for Manpower Programs)
2.1.4: DoDI 70457.7 - ANS-PPBE Implementation)
2.1.Forty five: OSD PA&E develops financial guidance to help the JPG. - ANS-T)
... - ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
... - ANS-while real payments are made)
1.Four.25: Difference between Disparate Treatment and Adverse Impact? - ANS-DT = Unfair
software of a rule, policy or exercise; AI= software of rule has a poor impact on included
elegance)
1.Four.26: 1991 Civ. Rights Act.....? - ANS-presents for compensatory or damages in EEO
cases)
1.Four.26: Average fee of EEO grievance - 1980 GAO examine? Recent DoD study? -
ANS-20-40K)(100K)
1.4.26: What did the 1972 EEO Act do? - ANS-brought fed gov in keeping with 1964 Civ
Rights Act & required affirmative action plans)
1.Four.28: Developing Affirm. Action applications is the obligation of...? - ANS-employer
degree)
1.Four.32: First step to RIF is putting what limits? - ANS-organization & Geographic;
competitive level set with the aid of grade and career)
1.Four.33: What % of profits contribution under CSRS and FERS? - ANS-7% and .Eight% -
each are matched)
1.Four.36: What is DOPMA, what did it do? - ANS-Def Officers Pers. Mngt Act; limit 04-06
promotions)
1.Five.Eleven: According to GAO requirements, Internal Controls have to encompass what
five standards? - ANS-CRIME: Control Activities - use the controls, Risk Assessment -
understand threats, Information & Communications - record & distribute remarks, Monitoring
- is software running to enhance, Environment - effective mind-set in the direction of IC
Program)
1.5.11: Of the five GAO IC Program standards, which is the foundation? - ANS-Control
Environment)
1.5.13: What are the two Financial Reporting Deficiencies? - ANS-Significant and Material)
1.5.13: What are the 2 wellknown internal manipulate deficiencies? - ANS-Reportable
Condition & Material Weakness) Which receives tracked internally and which receives
pronounced? (RC, MW respectively)
1.5.13: When should a deficiency be said? - ANS-if is/have to be of interest to better
authority)
1.5.14: Corrective movement plans need to be advanced for __? - ANS-all fabric
weaknesses)
1.5.14: To whom is the Annual Statement of Assurance submitted and whilst? - ANS-OMB,
45 days after give up of the FY)
1.Five.14: What three matters are at the Annual Statement of Assurance? - ANS-Statement
of Assurance that controls are accomplishing results, Report on Mat. Weaknesses, and
guarantee on ICOFR)
1.5.15: DoD ought to submit annually a Stmt of Assurance for what three things? -
ANS-Overall, Fin. Systems, & ICOFR)
,1.Five.15: What are the 3 choices for the Statement of Assurance? - ANS-Unqualified,
Qualified - exceptions explicitly noted, No Assurance)
1.5.Sixteen: Who makes the final dedication if a weak point is cloth or not? - ANS-control)
1.5.19: Heads - ANS-or Deputies) of DoD Components have to publish Statements of
Assurance to the SECDEF by way of when? (October 1 - however OSD wishes it by way of
1 September)
1.5.20: The declaration of assurance has what 4 elements? - ANS-Cover memo pointing out
common reliability of the IC Program - unqualified, certified, No; 2. Description of the way
assessment was carried out; 3. Declaration about uncorrected weaknesses in CY and PY
and plans to correct; 4. Statement on weak point corrected in the CY - such as the ones
identified in PYs)
1.5.3: The Fed. Mngrs. Fin. Integrity Act of 1982 prevents ___ & assures ____ - ANS-waste
or misuse of finances or assets; responsibility of belongings)
1.5.Three: What employer troubles the standards for internal controls? - ANS-GAO)
1.5.3: What type of weakness crosses components? - ANS-systematic)
1.Five.7: DoD est. The Internal Control Program to comply with___ and uses___ for
guidance? - ANS-The FMFI Act of 1982; OMB Circ. A-123, GAO Standards; DoDI 5010.40)
1.5.Nine: According to the FMFIA who est. Suggestions for reviewing controls? - ANS-OMB)
1.5.Nine: The Internal Control reviews to Congress should consist of as declaration on the
conformance of accounting systems with standards set by way of Comptroller General. -
ANS-T)
1.5.9: What is PAR, what are the 3 rankings, what mandates the PAR, and why? - ANS-Perf.
& Accountability Report, 1. Overall ICs, 2. Fin. Mngt Systems IC assessment, 3. ICOFR or
Internal Controls over Fin. Reporting; FMFIA; to make public the IC evaluation)
1.Five.9: Who evaluates and submits reviews to Congress? - ANS-Agency Heads or
SECDEF/DEPSEC)
1.5.9: Who is liable for Internal Controls? - ANS-Everyone)
10: Armed Forces - ANS-...
18: Criminal Codes - ANS-...
2: Congress - ANS-...
2.1.11: PPBE was initiated by means of who? When? - ANS-SECDEF McNamara; Sixties)
2.1.12: What is the precept discussion board for thinking about country wide safety and
overseas coverage? - ANS-NSC)
2.1.12: Who are the precept members of the NSC? - ANS-Pres., V.Pres, SECDEF,
SECState)
2.1.12: Who are the statutory advisors to the NSC? - ANS-CJCS & Dir. National Intelligence)
2.1.14: What essential file comes from the NSC? - ANS-National Security Strategy)
2.1.15: By regulation, who does SECDEF publish the QDR to? - ANS-Congress)
2.1.15: What four things make up the DoD Security Strategy? - ANS-NDS - SECDEF; NMS -
CJCS; Strategy for Homeland Defense and Civil Support - SECDEF; QDR - each 4 years)
2.1.15: What is the QDR for? When prepared? - ANS-to summarize army goals and
techniques for coming 4 years; in February of 2nd yr of a brand new presidential time period)
2.1.15: What three files are used to draft the QDR? - ANS-NDS, NMS, & Homeland
Strategy)
2.1.24: When and what starts offevolved the PPBE process? - ANS-18-21 months previous
to FY; COCOMS put up IPLs the usage of the NDS/NMS/QDR/JPD as steerage to the
SECDEF and CJCS)
, 2.1.26: What is going on the IPL? - ANS-excessive priority wishes, regularly includes comm
and intel concerns)
2.1.26: What is the cause of the IPL? - ANS-to provide visibility of key
priorities/desires/concerns)
2.1.28: Is the JPG fiscally restricted? - ANS-Yes)
2.1.28: The SLRG additionally evaluations software execution. - ANS-T)
2.1.28: What documents does the SLRG approve? - ANS-Strategic Planning Document &
JPG)
2.1.28: What is the SLRG and who is it made up of? - ANS-Sen. Leadership Review Group;
SECDEF - Chair, Service Secretaries, USDs, CJCS, OSD (PA&E))
2.1.29: POMs include opportunity strategies of accomplishing targets and are submitted how
frequently? - ANS-even numbered years, just like the JPG)
2.1.29: The software duration includes __ - ANS-two budget years, four making plans years
and three FS years)
2.1.29: The programming phase "prices out" force objectives. - ANS-T)
2.1.29: The purpose of the Programming segment is to come up with an in depth allocation
of resources via use of___ - ANS-JPG, POMs, PDMs & Issue Books)
2.1.29: Who writes POMs? - ANS-Component Commanders)
2.1.Three: FMR Vol 1 is? - ANS-Gen FM, systems and Requirements)
2.1.3: FMR Vol 11a - ANS-Reimbursables)
2.1.Three: FMR Vol 2a&b - ANS-Budget Formulation and Presentation)
2.1.3: FMR Vol 3 - ANS-Budget Execution)
2.1.Three: OMB Circ A-109 - ANS-Major Systems Acquisition)
2.1.3: OMB Circ A-11 - ANS-Prep and Submission of Budget Estimates (BESs))
2.1.Three: OMB Circ A-123 - ANS-Management and Accountability Act)
2.1.3: OMB Circ A-127 - ANS-Fin. Mngt. Systems)
2.1.Three: OMB Circ A-seventy six - ANS-Commercial Activities)
2.1.30: What is submitted in lieu of POMs in abnormal years? - ANS-Change Proposals
CPs)
2.1.33: What body critiques/develops the PDM? Who approves it? - ANS-SLRG; SECDEF)
2.1.33: What completes the Programming Phase? - ANS-PDMs)
2.1.33: What is the CPA again? - ANS-Chairman's Program Assessment; surveys and
assesses the tips of Service POMs)
2.1.33: What is the PDM? - ANS-Program Decision Memo; formal assertion of the decisions
made by using the SECDEF & DEPSEC after reviewing the CPA & Issue Books)
2.1.35: BES include finances estimates for which years? - ANS-PY, CY, and a couple of BYs)
2.1.35: Who submits BESs? When are BESs submitted? Who are BESs submitted to? -
ANS-DoD Components; September of even numbered years; OSD)
2.1.36: BESs are reviewed through OMB/OSD in Fall and generate what? - ANS-PBDs)
2.1.36: Fall or the Budget Review selections are recorded in what system? - ANS-CIS)
2.1.36: What is the respectable OSD document of BESs as adjusted with the aid of SECDEF
- ANS-CIS)
2.1.39: How regularly is the FYDP machine updated? - ANS- times in even numbered years
because of the POM and BES submissions and the President's Budget; one time in unusual
years to correspond with the President's price range)
2.1.Four: DoDD 1100.Four - ANS-Guidance for Manpower Programs)
2.1.4: DoDI 70457.7 - ANS-PPBE Implementation)
2.1.Forty five: OSD PA&E develops financial guidance to help the JPG. - ANS-T)
