CDFM Exam 1 Study Set
... - ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
... - ANS-whilst actual bills are made)
1.4.25: Difference between Disparate Treatment and Adverse Impact? - ANS-DT = Unfair
software of a rule, policy or practice; AI= software of rule has a poor impact on included
magnificence)
1.4.26: 1991 Civ. Rights Act.....? - ANS-gives for compensatory or damages in EEO cases)
1.4.26: Average price of EEO criticism - 1980 GAO have a look at? Recent DoD study? -
ANS-20-40K)(100K)
1.4.26: What did the 1972 EEO Act do? - ANS-added fed gov consistent with 1964 Civ
Rights Act & required affirmative movement plans)
1.Four.28: Developing Affirm. Action packages is the responsibility of...? - ANS-agency
degree)
1.4.32: First step to RIF is putting what two limits? - ANS-corporation & Geographic;
competitive degree set by means of grade and career)
1.4.33: What % of profits contribution underneath 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; restrict 04-06
promotions)
1.Five.11: According to GAO standards, Internal Controls need to consist of what five
requirements? - ANS-CRIME: Control Activities - use the controls, Risk Assessment - know
threats, Information & Communications - report & distribute comments, Monitoring - is
program working to enhance, Environment - positive mindset towards IC Program)
1.Five.Eleven: Of the five GAO IC Program requirements, that is the muse? - ANS-Control
Environment)
1.5.Thirteen: What are the two Financial Reporting Deficiencies? - ANS-Significant and
Material)
1.5.Thirteen: What are the two preferred inner manage deficiencies? - ANS-Reportable
Condition & Material Weakness) Which gets tracked internally and which gets said? (RC,
MW respectively)
1.5.Thirteen: When must a deficiency be pronounced? - ANS-if is/must be of interest to
better authority)
1.5.14: Corrective action plans ought to be advanced for __? - ANS-all cloth weaknesses)
1.5.14: To whom is the Annual Statement of Assurance submitted and while? - ANS-OMB,
forty five days after quit of the FY)
1.Five.14: What 3 things are at the Annual Statement of Assurance? - ANS-Statement of
Assurance that controls are reaching results, Report on Mat. Weaknesses, and assurance
on ICOFR)
1.Five.15: DoD should submit annually a Stmt of Assurance for what 3 matters? -
ANS-Overall, Fin. Systems, & ICOFR)
1.Five.15: What are the three choices for the Statement of Assurance? - ANS-Unqualified,
Qualified - exceptions explicitly mentioned, No Assurance)
,1.5.16: Who makes the very last dedication if a weak spot is material or no longer? -
ANS-management)
1.Five.19: Heads - ANS-or Deputies) of DoD Components ought to publish Statements of
Assurance to the SECDEF with the aid of while? (October 1 - but OSD needs it by using 1
September)
1.Five.20: The assertion of warranty has what 4 elements? - ANS-Cover memo stating usual
reliability of the IC Program - unqualified, qualified, No; 2. Description of the way evaluation
became conducted; 3. Statement about uncorrected weaknesses in CY and PY and plans to
accurate; 4. Statement on weak spot corrected in the CY - together with those diagnosed in
PYs)
1.Five.Three: The Fed. Mngrs. Fin. Integrity Act of 1982 prevents ___ & assures ____ -
ANS-waste or misuse of funds or assets; responsibility of belongings)
1.Five.Three: What employer problems the standards for internal controls? - ANS-GAO)
1.5.3: What form of weakness crosses additives? - ANS-systematic)
1.5.7: DoD est. The Internal Control Program to conform with___ and uses___ for steerage?
- ANS-The FMFI Act of 1982; OMB Circ. A-123, GAO Standards; DoDI 5010.Forty)
1.5.9: According to the FMFIA who est. Recommendations for reviewing controls? -
ANS-OMB)
1.Five.Nine: The Internal Control reports to Congress need to include as statement on the
conformance of accounting systems with requirements set through Comptroller General. -
ANS-T)
1.5.Nine: What is PAR, what are the three ratings, what mandates the PAR, and why? -
ANS-Perf. & Accountability Report, 1. Universal ICs, 2. Fin. Mngt Systems IC evaluation,
three. 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.Five.Nine: Who is liable for Internal Controls? - ANS-Everyone)
10: Armed Forces - ANS-...
18: Criminal Codes - ANS-...
2: Congress - ANS-...
2.1.11: PPBE become initiated by means of who? When? - ANS-SECDEF McNamara;
Nineteen Sixties)
2.1.12: What is the precept discussion board for thinking about country wide security and
overseas policy? - ANS-NSC)
2.1.12: Who are the principle 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 crucial file comes from the NSC? - ANS-National Security Strategy)
2.1.15: By law, who does SECDEF publish the QDR to? - ANS-Congress)
2.1.15: What four matters make up the DoD Security Strategy? - ANS-NDS - SECDEF; NMS
- CJCS; Strategy for Homeland Defense and Civil Support - SECDEF; QDR - each four
years)
2.1.15: What is the QDR for? When organized? - ANS-to summarize army desires and
strategies for coming four years; in February of 2d 12 months of a new presidential term)
2.1.15: What 3 files are used to draft the QDR? - ANS-NDS, NMS, & Homeland Strategy)
, 2.1.24: When and what starts the PPBE process? - ANS-18-21 months prior to FY;
COCOMS put up IPLs the use of the NDS/NMS/QDR/JPD as steerage to the SECDEF and
CJCS)
2.1.26: What is going at the IPL? - ANS-high priority needs, often includes comm and intel
worries)
2.1.26: What is the motive of the IPL? - ANS-to offer visibility of key
priorities/wishes/concerns)
2.1.28: Is the JPG fiscally restrained? - ANS-Yes)
2.1.28: The SLRG additionally evaluations application execution. - ANS-T)
2.1.28: What files does the SLRG approve? - ANS-Strategic Planning Document & JPG)
2.1.28: What is the SLRG and who is it made from? - ANS-Sen. Leadership Review Group;
SECDEF - Chair, Service Secretaries, USDs, CJCS, OSD (PA&E))
2.1.29: POMs consist of alternative methods of accomplishing targets and are submitted
how regularly? - ANS-even numbered years, much like the JPG)
2.1.29: The software period includes __ - ANS- price range years, four making plans years
and 3 FS years)
2.1.29: The programming segment "expenses out" force targets. - ANS-T)
2.1.29: The cause of the Programming section is to give you a detailed allocation of assets
thru 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, structures and Requirements)
2.1.3: FMR Vol 11a - ANS-Reimbursables)
2.1.3: FMR Vol 2a&b - ANS-Budget Formulation and Presentation)
2.1.Three: FMR Vol three - ANS-Budget Execution)
2.1.Three: OMB Circ A-109 - ANS-Major Systems Acquisition)
2.1.3: OMB Circ A-eleven - ANS-Prep and Submission of Budget Estimates (BESs))
2.1.Three: OMB Circ A-123 - ANS-Management and Accountability Act)
2.1.Three: 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 peculiar years? - ANS-Change Proposals CPs)
2.1.33: What frame 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 once more? - ANS-Chairman's Program Assessment; surveys and
assesses the hints of Service POMs)
2.1.33: What is the PDM? - ANS-Program Decision Memo; formal declaration of the
selections made by way of the SECDEF & DEPSEC after reviewing the CPA & Issue Books)
2.1.35: BES include finances estimates for which years? - ANS-PY, CY, and a pair 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 by OMB/OSD in Fall and generate what? - ANS-PBDs)
2.1.36: Fall or the Budget Review choices are recorded in what device? - ANS-CIS)
2.1.36: What is the respectable OSD record of BESs as adjusted with the aid of SECDEF -
ANS-CIS)
2.1.39: How regularly is the FYDP system up to date? - ANS-two instances in even
numbered years due to the POM and BES submissions and the President's Budget; one
time in extraordinary years to correspond with the President's budget)
2.1.4: DoDD 1100.4 - ANS-Guidance for Manpower Programs)
2.1.Four: DoDI 70457.7 - ANS-PPBE Implementation)
... - ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
... - ANS-whilst actual bills are made)
1.4.25: Difference between Disparate Treatment and Adverse Impact? - ANS-DT = Unfair
software of a rule, policy or practice; AI= software of rule has a poor impact on included
magnificence)
1.4.26: 1991 Civ. Rights Act.....? - ANS-gives for compensatory or damages in EEO cases)
1.4.26: Average price of EEO criticism - 1980 GAO have a look at? Recent DoD study? -
ANS-20-40K)(100K)
1.4.26: What did the 1972 EEO Act do? - ANS-added fed gov consistent with 1964 Civ
Rights Act & required affirmative movement plans)
1.Four.28: Developing Affirm. Action packages is the responsibility of...? - ANS-agency
degree)
1.4.32: First step to RIF is putting what two limits? - ANS-corporation & Geographic;
competitive degree set by means of grade and career)
1.4.33: What % of profits contribution underneath 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; restrict 04-06
promotions)
1.Five.11: According to GAO standards, Internal Controls need to consist of what five
requirements? - ANS-CRIME: Control Activities - use the controls, Risk Assessment - know
threats, Information & Communications - report & distribute comments, Monitoring - is
program working to enhance, Environment - positive mindset towards IC Program)
1.Five.Eleven: Of the five GAO IC Program requirements, that is the muse? - ANS-Control
Environment)
1.5.Thirteen: What are the two Financial Reporting Deficiencies? - ANS-Significant and
Material)
1.5.Thirteen: What are the two preferred inner manage deficiencies? - ANS-Reportable
Condition & Material Weakness) Which gets tracked internally and which gets said? (RC,
MW respectively)
1.5.Thirteen: When must a deficiency be pronounced? - ANS-if is/must be of interest to
better authority)
1.5.14: Corrective action plans ought to be advanced for __? - ANS-all cloth weaknesses)
1.5.14: To whom is the Annual Statement of Assurance submitted and while? - ANS-OMB,
forty five days after quit of the FY)
1.Five.14: What 3 things are at the Annual Statement of Assurance? - ANS-Statement of
Assurance that controls are reaching results, Report on Mat. Weaknesses, and assurance
on ICOFR)
1.Five.15: DoD should submit annually a Stmt of Assurance for what 3 matters? -
ANS-Overall, Fin. Systems, & ICOFR)
1.Five.15: What are the three choices for the Statement of Assurance? - ANS-Unqualified,
Qualified - exceptions explicitly mentioned, No Assurance)
,1.5.16: Who makes the very last dedication if a weak spot is material or no longer? -
ANS-management)
1.Five.19: Heads - ANS-or Deputies) of DoD Components ought to publish Statements of
Assurance to the SECDEF with the aid of while? (October 1 - but OSD needs it by using 1
September)
1.Five.20: The assertion of warranty has what 4 elements? - ANS-Cover memo stating usual
reliability of the IC Program - unqualified, qualified, No; 2. Description of the way evaluation
became conducted; 3. Statement about uncorrected weaknesses in CY and PY and plans to
accurate; 4. Statement on weak spot corrected in the CY - together with those diagnosed in
PYs)
1.Five.Three: The Fed. Mngrs. Fin. Integrity Act of 1982 prevents ___ & assures ____ -
ANS-waste or misuse of funds or assets; responsibility of belongings)
1.Five.Three: What employer problems the standards for internal controls? - ANS-GAO)
1.5.3: What form of weakness crosses additives? - ANS-systematic)
1.5.7: DoD est. The Internal Control Program to conform with___ and uses___ for steerage?
- ANS-The FMFI Act of 1982; OMB Circ. A-123, GAO Standards; DoDI 5010.Forty)
1.5.9: According to the FMFIA who est. Recommendations for reviewing controls? -
ANS-OMB)
1.Five.Nine: The Internal Control reports to Congress need to include as statement on the
conformance of accounting systems with requirements set through Comptroller General. -
ANS-T)
1.5.Nine: What is PAR, what are the three ratings, what mandates the PAR, and why? -
ANS-Perf. & Accountability Report, 1. Universal ICs, 2. Fin. Mngt Systems IC evaluation,
three. 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.Five.Nine: Who is liable for Internal Controls? - ANS-Everyone)
10: Armed Forces - ANS-...
18: Criminal Codes - ANS-...
2: Congress - ANS-...
2.1.11: PPBE become initiated by means of who? When? - ANS-SECDEF McNamara;
Nineteen Sixties)
2.1.12: What is the precept discussion board for thinking about country wide security and
overseas policy? - ANS-NSC)
2.1.12: Who are the principle 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 crucial file comes from the NSC? - ANS-National Security Strategy)
2.1.15: By law, who does SECDEF publish the QDR to? - ANS-Congress)
2.1.15: What four matters make up the DoD Security Strategy? - ANS-NDS - SECDEF; NMS
- CJCS; Strategy for Homeland Defense and Civil Support - SECDEF; QDR - each four
years)
2.1.15: What is the QDR for? When organized? - ANS-to summarize army desires and
strategies for coming four years; in February of 2d 12 months of a new presidential term)
2.1.15: What 3 files are used to draft the QDR? - ANS-NDS, NMS, & Homeland Strategy)
, 2.1.24: When and what starts the PPBE process? - ANS-18-21 months prior to FY;
COCOMS put up IPLs the use of the NDS/NMS/QDR/JPD as steerage to the SECDEF and
CJCS)
2.1.26: What is going at the IPL? - ANS-high priority needs, often includes comm and intel
worries)
2.1.26: What is the motive of the IPL? - ANS-to offer visibility of key
priorities/wishes/concerns)
2.1.28: Is the JPG fiscally restrained? - ANS-Yes)
2.1.28: The SLRG additionally evaluations application execution. - ANS-T)
2.1.28: What files does the SLRG approve? - ANS-Strategic Planning Document & JPG)
2.1.28: What is the SLRG and who is it made from? - ANS-Sen. Leadership Review Group;
SECDEF - Chair, Service Secretaries, USDs, CJCS, OSD (PA&E))
2.1.29: POMs consist of alternative methods of accomplishing targets and are submitted
how regularly? - ANS-even numbered years, much like the JPG)
2.1.29: The software period includes __ - ANS- price range years, four making plans years
and 3 FS years)
2.1.29: The programming segment "expenses out" force targets. - ANS-T)
2.1.29: The cause of the Programming section is to give you a detailed allocation of assets
thru 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, structures and Requirements)
2.1.3: FMR Vol 11a - ANS-Reimbursables)
2.1.3: FMR Vol 2a&b - ANS-Budget Formulation and Presentation)
2.1.Three: FMR Vol three - ANS-Budget Execution)
2.1.Three: OMB Circ A-109 - ANS-Major Systems Acquisition)
2.1.3: OMB Circ A-eleven - ANS-Prep and Submission of Budget Estimates (BESs))
2.1.Three: OMB Circ A-123 - ANS-Management and Accountability Act)
2.1.Three: 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 peculiar years? - ANS-Change Proposals CPs)
2.1.33: What frame 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 once more? - ANS-Chairman's Program Assessment; surveys and
assesses the hints of Service POMs)
2.1.33: What is the PDM? - ANS-Program Decision Memo; formal declaration of the
selections made by way of the SECDEF & DEPSEC after reviewing the CPA & Issue Books)
2.1.35: BES include finances estimates for which years? - ANS-PY, CY, and a pair 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 by OMB/OSD in Fall and generate what? - ANS-PBDs)
2.1.36: Fall or the Budget Review choices are recorded in what device? - ANS-CIS)
2.1.36: What is the respectable OSD record of BESs as adjusted with the aid of SECDEF -
ANS-CIS)
2.1.39: How regularly is the FYDP system up to date? - ANS-two instances in even
numbered years due to the POM and BES submissions and the President's Budget; one
time in extraordinary years to correspond with the President's budget)
2.1.4: DoDD 1100.4 - ANS-Guidance for Manpower Programs)
2.1.Four: DoDI 70457.7 - ANS-PPBE Implementation)
