CDFM MODULE 2: Competency 1 |370 questions with verified
answers
Ans✓✓✓ Appropriation Life Cycle Table
Ans✓✓✓ KEY OFFICIALS AND ORGANIZATIONS OF PPBE
Ans✓✓✓ Table 2.1.4 Recording Refunds Received
-ADVISE the SECDEF on all PPBE matters
-Function as a JOINT WARFIGHTER ADVOCATE in all PPBE phases
-PRIORITIZE Requirements within warfare capability areas Ans✓✓✓ Subject to
the authority of the President and SECDEF, the Chairman of the JCS shall, with
regard to financial management responsibilities:
-Government may NOT use funds previously obligated on terminated contract if
those funds are expired or cancelled.
-Government must retain sufficient funds on terminated contract to meet
settlement cost estimated to be owed to contractor Ans✓✓✓ Situation:
Government contracting officer terminates contract before contractor completes
terms of contract. What happens to the funds obligated for this contract?
-Identification of outputs
-Establishment of cost accounting
-Identification of customers
,-Evaluation of buyer-seller advantage and disadvantage Ans✓✓✓ DWCF four
inclusion criteria
-Prior year, current year, a budget year, and the following 4 years for resources
and forces, and 3 more years of force structure (total of 10 years)
-Forces, manpower, and total obligation authority Ans✓✓✓ FYDP consist of
what?
-Secretary of the Treasury
-Assistant to the President for National Security Affairs
-Chief of Staff to the President
-Counsel to the President
-Rep of the USA to the United Nations
-Secretary of Homeland Security
-Other Cabinet and Selected Gov Officials at the PRES request Ans✓✓✓ Who are
the standing Participants on the NSC?
"all finds required to complete the delivery of each buy will be included in the
budget request for the year of the planned contract award, regardless of the date
the contracted items will be delivered. Ans✓✓✓ What is another way to state
full funding policy?
"Breakeven" Ans✓✓✓ What is the Goal of Working Capital Funds?
"Fall Review" (all procurements account of the military service" Ans✓✓✓
OSD/OMB Budget Review is also know as the what review?
,"non-severable" nature in which the requesting entity would not receive a benefit
until the "entire project" is completed. Ans✓✓✓ Generally work required under
a project order would be a
"Revolving Funds or Defense Working Capital Funds" Ans✓✓✓ During budget
execution, agencies expend a significant portion of their funds through
"Sustaining U.S. Global Leadership: Priorities for 21st Century Defense" Ans✓✓✓
In early January 2012, DoD released a document titled
"the corpus of the revolving fund" Ans✓✓✓ The resources used to commend or
increasing the size of a working capital fund are commonly referred to as
(1). maintain critical skills that would otherwise be lost between Engineering and
Manufacturing Development and Full rate production; and/or (2) to protect the
schedule by providing necessary components at the right time for incorporation
into the production of the weapon system, i.e., to prevent a slow down or break
in production Ans✓✓✓ Advance procurement may be used to
1. Combatant Commanders high priority needs.
2. Prioritized across service and functional lines
3. Provides visibility for key problem areas requiring DoD attention
4. Submitted to SECDEF, CJCS and Military departments Ans✓✓✓ What does the
Integrated Priority List (IPL) consist of?
1. Contracts
, 2. Military Interdepartmental Purchase Request (MIPR) [DD FORM 448] that
consist of: (1) Project Orders (2) Economy Act Orders Ans✓✓✓ Common
Obligation Documents
1. Direct Citation
2. Reimbursable order
3. Project Order
4. Economy Act Order Ans✓✓✓ When a MIPR is used internally what are the four
ways it can be used?
1. Objectives
2. Policies
3. Priorities
4. Strategies Ans✓✓✓ The PPBE are based on and consistent with the following
items derived from Presidential National Security Directives and follow on
documents from the SECDEF and CJCS in order to ensure national security
1. Provide strategic direction to the armed forces
2. Form defense policy, programs, and budgets. Ans✓✓✓ Joint Strategic Planning
helps the CJCS provide military advice to help the President and SECDEF
1. RTD&E
2. Procurement
3. Military Construction
4. Military Personnel
5. Ops and Maintenance
answers
Ans✓✓✓ Appropriation Life Cycle Table
Ans✓✓✓ KEY OFFICIALS AND ORGANIZATIONS OF PPBE
Ans✓✓✓ Table 2.1.4 Recording Refunds Received
-ADVISE the SECDEF on all PPBE matters
-Function as a JOINT WARFIGHTER ADVOCATE in all PPBE phases
-PRIORITIZE Requirements within warfare capability areas Ans✓✓✓ Subject to
the authority of the President and SECDEF, the Chairman of the JCS shall, with
regard to financial management responsibilities:
-Government may NOT use funds previously obligated on terminated contract if
those funds are expired or cancelled.
-Government must retain sufficient funds on terminated contract to meet
settlement cost estimated to be owed to contractor Ans✓✓✓ Situation:
Government contracting officer terminates contract before contractor completes
terms of contract. What happens to the funds obligated for this contract?
-Identification of outputs
-Establishment of cost accounting
-Identification of customers
,-Evaluation of buyer-seller advantage and disadvantage Ans✓✓✓ DWCF four
inclusion criteria
-Prior year, current year, a budget year, and the following 4 years for resources
and forces, and 3 more years of force structure (total of 10 years)
-Forces, manpower, and total obligation authority Ans✓✓✓ FYDP consist of
what?
-Secretary of the Treasury
-Assistant to the President for National Security Affairs
-Chief of Staff to the President
-Counsel to the President
-Rep of the USA to the United Nations
-Secretary of Homeland Security
-Other Cabinet and Selected Gov Officials at the PRES request Ans✓✓✓ Who are
the standing Participants on the NSC?
"all finds required to complete the delivery of each buy will be included in the
budget request for the year of the planned contract award, regardless of the date
the contracted items will be delivered. Ans✓✓✓ What is another way to state
full funding policy?
"Breakeven" Ans✓✓✓ What is the Goal of Working Capital Funds?
"Fall Review" (all procurements account of the military service" Ans✓✓✓
OSD/OMB Budget Review is also know as the what review?
,"non-severable" nature in which the requesting entity would not receive a benefit
until the "entire project" is completed. Ans✓✓✓ Generally work required under
a project order would be a
"Revolving Funds or Defense Working Capital Funds" Ans✓✓✓ During budget
execution, agencies expend a significant portion of their funds through
"Sustaining U.S. Global Leadership: Priorities for 21st Century Defense" Ans✓✓✓
In early January 2012, DoD released a document titled
"the corpus of the revolving fund" Ans✓✓✓ The resources used to commend or
increasing the size of a working capital fund are commonly referred to as
(1). maintain critical skills that would otherwise be lost between Engineering and
Manufacturing Development and Full rate production; and/or (2) to protect the
schedule by providing necessary components at the right time for incorporation
into the production of the weapon system, i.e., to prevent a slow down or break
in production Ans✓✓✓ Advance procurement may be used to
1. Combatant Commanders high priority needs.
2. Prioritized across service and functional lines
3. Provides visibility for key problem areas requiring DoD attention
4. Submitted to SECDEF, CJCS and Military departments Ans✓✓✓ What does the
Integrated Priority List (IPL) consist of?
1. Contracts
, 2. Military Interdepartmental Purchase Request (MIPR) [DD FORM 448] that
consist of: (1) Project Orders (2) Economy Act Orders Ans✓✓✓ Common
Obligation Documents
1. Direct Citation
2. Reimbursable order
3. Project Order
4. Economy Act Order Ans✓✓✓ When a MIPR is used internally what are the four
ways it can be used?
1. Objectives
2. Policies
3. Priorities
4. Strategies Ans✓✓✓ The PPBE are based on and consistent with the following
items derived from Presidential National Security Directives and follow on
documents from the SECDEF and CJCS in order to ensure national security
1. Provide strategic direction to the armed forces
2. Form defense policy, programs, and budgets. Ans✓✓✓ Joint Strategic Planning
helps the CJCS provide military advice to help the President and SECDEF
1. RTD&E
2. Procurement
3. Military Construction
4. Military Personnel
5. Ops and Maintenance
