CDFM - Module 3
___ account for the receipt and expenditure of monies by means of the Government for
carrying out unique functions and packages with the phrases of a statute that designates the
fund as a ___, or for wearing out the prerequisites of an agreement in which the Nation is the
beneficiary. - ANS-Trust price range
___ are ___ bills wherein the balances are no longer to be had for incurring new
responsibilities due to the fact the time to be had for incurring such responsibilities has
expired - ANS-Expired Appropriations / appropriation
___ are *one* fiscal year finances... - ANS-Annual Appropriations
___ are amounts earned and gathered from the promoting of goods and offerings. -
ANS-Reimbursements
___ are specified commands that may go fiscal years. - ANS-Project Orders
___ are DoD military members and civilian employees who are detailed in writing and aren't
otherwise responsible beneath applicable regulation, who gives source information,
statistics, or service (such as a receiving authentic, a cardholder, or an automated statistics
gadget administrator) to a certifying or disbursing officer in assist of the charge procedure. -
ANS-Departmental Accountable Officials
___ are Federal Government price range which have been paid, however for some thing
cause, have no longer yet been identified to a particular agency; therefore, they positioned in
a suspense account. - ANS-Undistributed disbursements
___ are for ordinary paintings or offerings of a habitual nature commonly inside one financial
yr. - ANS-Economy Act Orders
___ are budget protected through simple legal guidelines that allow the Secretary of the
Treasury to pay with out similarly enactment by way of Congress. - ANS-Permanent
(Indefinite) Appropriations
___ are funds which are available for *extra* than one economic 12 months. - ANS-Multiyear
Appropriations
___ are criminal reservations for which payments, or fees, may be made inside the future. -
ANS-Obligations
___ are PP&E which can be particular for one or greater of the following reasons: ancient,
natural, cultural, educational significance; inventive importance; or considerable architectural
characteristics. - ANS-Hertiage Assets
___ are revolving finances that conduct enterprise-kind operations basically within and
*between* Government corporations - ANS-Intragovernmental budget
___ are revolving funds used for applications legal by way of law to behavior a cycle of
enterprise-type operations, ordinarily with the *public*, wherein outlays generate collections.
- ANS-Public enterprise finances
___ are the *more* part of the budget and file receipts now not earmarked through law... -
ANS-General Funds
___ are the coins payments made to liquidate an obligation. - ANS-Expenditures
___ are the net amount of duties in a given account for which payment has not but been
made. - ANS-Obligated Balances
,___ are the recuperation of extra bills and are credited to the appropriation that made the
payment. - ANS-Refunds
___ are consider funds credited with collections earmarked by using law to carry out a cycle
of commercial enterprise-kind operations. - ANS-Trust revolving price range
___ are used to temporarily account for transactions which you recognize belong to the
Government but you can not fit to a selected receipt or expenditure account. - ANS-Clearing
debts
___ are have been the Government does act as a true trustee. - ANS-Deposit finances
___ as accountable individuals, are accountable for disbursing cash most effective as
provided through vouchers duly certified by means of authorized certifying officials. -
ANS-Disbursing Officers
___ because the system of accumulating, measuring, studying, interpreting, and reporting
price. ___ is a basic part of the monetary management gadget in that it helps and offers
statistics to the budgetary and economic accounting features and, via itself, affords
beneficial statistics for both internal and external customers. - ANS-Managerial cost
accounting
___ encompass receipt money owed for Federal fund receipts that laws have earmarked for
*particular* functions - ANS-Special Funds
___ includes tangible property labeled as either Heritage Assets or *Stewardship* Lang. -
ANS-Stewardship PP&E
___ do now not expire. - ANS-No-Year Appropriations
___ include all personnel, whether army or civilian, who are departmental responsible
officials (DAOs), certifying officers, and disbursing officers. - ANS-Accountable Individuals
___ consist of the issuance of tests, disbursement of cash, or digital transfer of funds made
to liquidate a Federal responsibility. - ANS-Outlays
___ is *land* and land rights aside from that acquired for or in connection with General
PP&E, land obtained through the public area, or land acquired at not fee. - ANS-Stewardship
Land
___ is a petty coins fund inside the form of forex or coin for specially authorized coins bills.
The use of ___ for unclassified applications is not authorized in DoD except specific
authority has been requested and granted by means of the Office of Deputy CFO, OUSD
(Comptroller). - ANS-Imprest Fund
___ is an present condition, situation, or set of instances involving uncertainty as to possible
advantage or loss to an entity that will ultimately be resolved when one or greater future
activities occur or fail to arise. - ANS-Contingency
___ is legally establishing blessings to any individual, enterprise, or Government unit
assembly eligibility necessities established through law. - ANS-Entitling
___ is the combination amount of funds an entity has on the Treasury to make expenses and
to pay liabilities or to buy belongings, items, and offerings. - ANS-Fund Balance with
Treasury
___ is the dollar amount of appropriations used to fund items and offerings acquired or
blessings or offers supplied. - ANS-Expended Appropriations
___ is the rational allocation of the total acquisition fee of a General PP&E asset over its
anticipated beneficial lifestyles. - ANS-Depreciation
___ arise when an entity has given budget to others in anticipation of receiving a future
advantage. - ANS-Advances
___ takes place whilst budget go to the wrong recipent, the recipient receives the incorrect
amount of price range (along with overpayments and underpayments), documentation isn't
, always available to aid a charge, or the recipent makes use of funds in an improper way. -
ANS-Improper Payments
___ lets in an corporation to obligate funds earlier of appropriations. - ANS-Contract
Authority
___ services are those for which the the Government gets some thing beneficial without
delay upon the expenditure of price range or by the cease of the financial 12 months, e.G.
Habitual protection, housekeeping services, and trash collection. - ANS-Severables
___ offerings are those who can't be separated into increments with a purpose to provide
something beneficial on the cease of the financial yr, e.G. Overhaul of a deliver that takes
two or extra years or development of a software program program in an effort to result in a
exact end product after a couple of year of labor. - ANS-Non-severable
(True/False) A reservist that is going to annual training and has no dependents is entitled to
partial allowance for housing. - ANS-True
(True/False) Relief may be granted for both a lack of cash or miscertification when positive
situations are met. - ANS-True
(True/False) There is comfort from ADA violations in certain circumstances. - ANS-False
*DD Form 2659* must be prepared daily to summarize the transactions through voucher
variety. It must discover the kind of payment and is used to guarantee that all voucher
numbers are accounted for and that each one fee and collection vouchers are entered in
responsibility statistics. - ANS-Voucher Control Log
1010 DR
3010 CR - ANS-*DR*-Fund Balance with Treasury (checkbook)
*CR*-Unexpended Appropriations-Appropriation Received
1511 DR
2110 CR - ANS-*DR*-Operating Materials and Supplies Held for Use
*CR*-Accounts Payable
1921 Budget and Accounting Act installed - ANS-the GAO to audit the Executive Branch
1949 Federal Property and Administrative Services Act hooked up the - ANS-GSA
1950 Accounting and Auditing Procedures Act: - ANS-- required apportionment, allocation
structures;
- accelerated anti-deficiency, required reporting;
- mandated principles/standards; and
- set up Joint Financial Management Improvement Program (JFMIP)
1982 Debt Collection Act, as amended via the Debt-Collection Improvement Act of 1996, -
ANS-bolstered ability to collect receivables from individuals who owe the authorities.
1982 Federal Managers' Financial Intergrity Act (FMFIA) required - ANS-groups to set up an
Internal Control Program and file yearly any elements in their accounting structures no
longer conforming to GAO's concepts/requirements.
1982 Prompt Payment Act required - ANS-corporations to pay payments whilst due or pay
interest and to now not pay earlier until fine to the governments.
1990 Chief Financial Officers (CFO) Act required - ANS-appointment of a Chief Financial
Officer in 24 foremost Federal companies and required audited economic reviews for
commercial enterprise operations.
1993 Government Performance and Results Act (GPRA) as amended by the GPRA
Modernization Act of 2010 (P.L. 111-352) required companies to: - ANS-- Define long-term
desires;
- Set overall performance goals; and
- Report real overall performance
___ account for the receipt and expenditure of monies by means of the Government for
carrying out unique functions and packages with the phrases of a statute that designates the
fund as a ___, or for wearing out the prerequisites of an agreement in which the Nation is the
beneficiary. - ANS-Trust price range
___ are ___ bills wherein the balances are no longer to be had for incurring new
responsibilities due to the fact the time to be had for incurring such responsibilities has
expired - ANS-Expired Appropriations / appropriation
___ are *one* fiscal year finances... - ANS-Annual Appropriations
___ are amounts earned and gathered from the promoting of goods and offerings. -
ANS-Reimbursements
___ are specified commands that may go fiscal years. - ANS-Project Orders
___ are DoD military members and civilian employees who are detailed in writing and aren't
otherwise responsible beneath applicable regulation, who gives source information,
statistics, or service (such as a receiving authentic, a cardholder, or an automated statistics
gadget administrator) to a certifying or disbursing officer in assist of the charge procedure. -
ANS-Departmental Accountable Officials
___ are Federal Government price range which have been paid, however for some thing
cause, have no longer yet been identified to a particular agency; therefore, they positioned in
a suspense account. - ANS-Undistributed disbursements
___ are for ordinary paintings or offerings of a habitual nature commonly inside one financial
yr. - ANS-Economy Act Orders
___ are budget protected through simple legal guidelines that allow the Secretary of the
Treasury to pay with out similarly enactment by way of Congress. - ANS-Permanent
(Indefinite) Appropriations
___ are funds which are available for *extra* than one economic 12 months. - ANS-Multiyear
Appropriations
___ are criminal reservations for which payments, or fees, may be made inside the future. -
ANS-Obligations
___ are PP&E which can be particular for one or greater of the following reasons: ancient,
natural, cultural, educational significance; inventive importance; or considerable architectural
characteristics. - ANS-Hertiage Assets
___ are revolving finances that conduct enterprise-kind operations basically within and
*between* Government corporations - ANS-Intragovernmental budget
___ are revolving funds used for applications legal by way of law to behavior a cycle of
enterprise-type operations, ordinarily with the *public*, wherein outlays generate collections.
- ANS-Public enterprise finances
___ are the *more* part of the budget and file receipts now not earmarked through law... -
ANS-General Funds
___ are the coins payments made to liquidate an obligation. - ANS-Expenditures
___ are the net amount of duties in a given account for which payment has not but been
made. - ANS-Obligated Balances
,___ are the recuperation of extra bills and are credited to the appropriation that made the
payment. - ANS-Refunds
___ are consider funds credited with collections earmarked by using law to carry out a cycle
of commercial enterprise-kind operations. - ANS-Trust revolving price range
___ are used to temporarily account for transactions which you recognize belong to the
Government but you can not fit to a selected receipt or expenditure account. - ANS-Clearing
debts
___ are have been the Government does act as a true trustee. - ANS-Deposit finances
___ as accountable individuals, are accountable for disbursing cash most effective as
provided through vouchers duly certified by means of authorized certifying officials. -
ANS-Disbursing Officers
___ because the system of accumulating, measuring, studying, interpreting, and reporting
price. ___ is a basic part of the monetary management gadget in that it helps and offers
statistics to the budgetary and economic accounting features and, via itself, affords
beneficial statistics for both internal and external customers. - ANS-Managerial cost
accounting
___ encompass receipt money owed for Federal fund receipts that laws have earmarked for
*particular* functions - ANS-Special Funds
___ includes tangible property labeled as either Heritage Assets or *Stewardship* Lang. -
ANS-Stewardship PP&E
___ do now not expire. - ANS-No-Year Appropriations
___ include all personnel, whether army or civilian, who are departmental responsible
officials (DAOs), certifying officers, and disbursing officers. - ANS-Accountable Individuals
___ consist of the issuance of tests, disbursement of cash, or digital transfer of funds made
to liquidate a Federal responsibility. - ANS-Outlays
___ is *land* and land rights aside from that acquired for or in connection with General
PP&E, land obtained through the public area, or land acquired at not fee. - ANS-Stewardship
Land
___ is a petty coins fund inside the form of forex or coin for specially authorized coins bills.
The use of ___ for unclassified applications is not authorized in DoD except specific
authority has been requested and granted by means of the Office of Deputy CFO, OUSD
(Comptroller). - ANS-Imprest Fund
___ is an present condition, situation, or set of instances involving uncertainty as to possible
advantage or loss to an entity that will ultimately be resolved when one or greater future
activities occur or fail to arise. - ANS-Contingency
___ is legally establishing blessings to any individual, enterprise, or Government unit
assembly eligibility necessities established through law. - ANS-Entitling
___ is the combination amount of funds an entity has on the Treasury to make expenses and
to pay liabilities or to buy belongings, items, and offerings. - ANS-Fund Balance with
Treasury
___ is the dollar amount of appropriations used to fund items and offerings acquired or
blessings or offers supplied. - ANS-Expended Appropriations
___ is the rational allocation of the total acquisition fee of a General PP&E asset over its
anticipated beneficial lifestyles. - ANS-Depreciation
___ arise when an entity has given budget to others in anticipation of receiving a future
advantage. - ANS-Advances
___ takes place whilst budget go to the wrong recipent, the recipient receives the incorrect
amount of price range (along with overpayments and underpayments), documentation isn't
, always available to aid a charge, or the recipent makes use of funds in an improper way. -
ANS-Improper Payments
___ lets in an corporation to obligate funds earlier of appropriations. - ANS-Contract
Authority
___ services are those for which the the Government gets some thing beneficial without
delay upon the expenditure of price range or by the cease of the financial 12 months, e.G.
Habitual protection, housekeeping services, and trash collection. - ANS-Severables
___ offerings are those who can't be separated into increments with a purpose to provide
something beneficial on the cease of the financial yr, e.G. Overhaul of a deliver that takes
two or extra years or development of a software program program in an effort to result in a
exact end product after a couple of year of labor. - ANS-Non-severable
(True/False) A reservist that is going to annual training and has no dependents is entitled to
partial allowance for housing. - ANS-True
(True/False) Relief may be granted for both a lack of cash or miscertification when positive
situations are met. - ANS-True
(True/False) There is comfort from ADA violations in certain circumstances. - ANS-False
*DD Form 2659* must be prepared daily to summarize the transactions through voucher
variety. It must discover the kind of payment and is used to guarantee that all voucher
numbers are accounted for and that each one fee and collection vouchers are entered in
responsibility statistics. - ANS-Voucher Control Log
1010 DR
3010 CR - ANS-*DR*-Fund Balance with Treasury (checkbook)
*CR*-Unexpended Appropriations-Appropriation Received
1511 DR
2110 CR - ANS-*DR*-Operating Materials and Supplies Held for Use
*CR*-Accounts Payable
1921 Budget and Accounting Act installed - ANS-the GAO to audit the Executive Branch
1949 Federal Property and Administrative Services Act hooked up the - ANS-GSA
1950 Accounting and Auditing Procedures Act: - ANS-- required apportionment, allocation
structures;
- accelerated anti-deficiency, required reporting;
- mandated principles/standards; and
- set up Joint Financial Management Improvement Program (JFMIP)
1982 Debt Collection Act, as amended via the Debt-Collection Improvement Act of 1996, -
ANS-bolstered ability to collect receivables from individuals who owe the authorities.
1982 Federal Managers' Financial Intergrity Act (FMFIA) required - ANS-groups to set up an
Internal Control Program and file yearly any elements in their accounting structures no
longer conforming to GAO's concepts/requirements.
1982 Prompt Payment Act required - ANS-corporations to pay payments whilst due or pay
interest and to now not pay earlier until fine to the governments.
1990 Chief Financial Officers (CFO) Act required - ANS-appointment of a Chief Financial
Officer in 24 foremost Federal companies and required audited economic reviews for
commercial enterprise operations.
1993 Government Performance and Results Act (GPRA) as amended by the GPRA
Modernization Act of 2010 (P.L. 111-352) required companies to: - ANS-- Define long-term
desires;
- Set overall performance goals; and
- Report real overall performance
