CDFM All Modules FISCAL LAW
UPDATED ACTUAL Exam
Questions and CORRECT Answers
Save
Terms in this set (211)
T/F? A working FALSE
capital
(Revolving)
fund or part of
that fund
cannot violate
the Anti
Deficiency Act?
,Agencies are 31 USC 1341, 1342, and 1517 ADA
responsible for
maintaining a
system of
accounting and
internal
controls to
avoid violations
of the?
The 2 provisions Article 1 Section 8 clause 1, Article 1
of the US Section 9 clause 7
Constitution
that provide the
underpinning
for the budget
process are?
,T/F? Article 2 FALSE
section 8
empowers
Congress to
collect taxes
and Section 9
requires
appropriations
in law before
money can be
spent from the
Treasury?
The penalty for Up to 2 years and a $5,000 fine or
willfully and both
knowingly
violating the
Anti Deficiency
Act is?
, Over obligation 31 USC 1341a
of an
appropriation
or funds and
obligations or
contracts in
advance of an
appropriation is
a violation of?
________ Cancelled
appropriations
is (are) no
longer available
for adjustments
or payments
any adjustments
will be charged
to current same
appropriation
(1% max)?
UPDATED ACTUAL Exam
Questions and CORRECT Answers
Save
Terms in this set (211)
T/F? A working FALSE
capital
(Revolving)
fund or part of
that fund
cannot violate
the Anti
Deficiency Act?
,Agencies are 31 USC 1341, 1342, and 1517 ADA
responsible for
maintaining a
system of
accounting and
internal
controls to
avoid violations
of the?
The 2 provisions Article 1 Section 8 clause 1, Article 1
of the US Section 9 clause 7
Constitution
that provide the
underpinning
for the budget
process are?
,T/F? Article 2 FALSE
section 8
empowers
Congress to
collect taxes
and Section 9
requires
appropriations
in law before
money can be
spent from the
Treasury?
The penalty for Up to 2 years and a $5,000 fine or
willfully and both
knowingly
violating the
Anti Deficiency
Act is?
, Over obligation 31 USC 1341a
of an
appropriation
or funds and
obligations or
contracts in
advance of an
appropriation is
a violation of?
________ Cancelled
appropriations
is (are) no
longer available
for adjustments
or payments
any adjustments
will be charged
to current same
appropriation
(1% max)?
