FINANCIAL MANAGEMENT – 0301 QUESTIONS AND CORRECT ANSWERS

FINANCIAL MANAGEMENT – 0301
QUESTIONS AND CORRECT
ANSWERS
(ELOA23)A2PurposeA2ofA2FinancialA2ManagementA2-A2Ans--
ProperlyA2executeA2theA2legalA2andA2adminA2responsibilitiesA2ofA2funds

(ELOA24)A2IdentifyA2theA2agencyA2withinA2theA2DepartmentA2ofA2DefenseA2(DoD)A2respons
ibleA2forA2financeA2andA2accountingA2policies,A2procedures,A2standards,A2systemsA2andA2
operationsA2-A2Ans--DefenseA2FinanceA2andA2AccountingA2ServiceA2(DFAS)

-A2OfficialA2accountingA2firmA2forA2theA2DoD

-
A2 ProcessesA2payments,A2runsA2paymentA2cycles,A2correctsA2systemA2problems,A2assists
A2 MCA2CommandsA2withA2financialA2problems/issues

-
A2Compiles,A2processesA2andA2maintainsA2officialA2accountingA2recordsA2andA2reportsA2fo
rA2theA2USMC

(ELOA29)A2WithA2theA2aidA2ofA2reference,A2identifyA2theA2typesA2ofA2documentationA2requir
edA2toA2performA2financialA2managementA2functionsA2forA2aA2command.A2-A2Ans--
ItA2isA2criticalA2thatA2documentedA2appointmentsA2andA2delegationsA2ofA2authorityA2areA2e
stablishedA2forA2individualA2performingA2functionsA2withA2financialA2implications.

Requires:
-A2AppointmentA2Letters
-A2DD-577A2Appointment/TerminationA2RecordA2-A2AuthorizedA2signatures
-A2NAVMCA211869A2NoticeA2ofA2DelegationA2ofA2Authority

AppointmentA2LetterA2-A2Ans--WillA2beA2signedA2byA2theA2CO/
AccountableA2OfficerA2andA2willA2beA2retainedA2forA210A2yearsA2(3A2active,A27A2archived)

OutlinesA2allA2responsibilitiesA2ofA2theA2appointedA2individual

DDA2577A2-A2Ans--Appointment/TerminationA2RecordA2-A2AuthorizedA2Signature

NAVMCA211869A2-A2Ans--DelegationA2ofA2Authority

WillA2identifyA2specificA2individualsA2thatA2haveA2beenA2delegatedA2authorityA2forA2theA2foll
owingA2duties:

, -
A2SignA2andA2receiptA2forA2governmentA2propertyA2andA2servicesA2forA2useA2withinA2theA2d
epartmentA2orA2section
-A2TurnA2inA2excessA2orA2damagedA2governmentA2property
-A2SubmitA2purchaseA2requestsA2forA2suppliesA2and/orA2services
-
A2SignA2andA2authorizeA2theA2useA2ofA2UrgencyA2ofA2NeedA2DesignatorA2"A"A2(i.e.A2priorite
sA201,A202,A203)

(ELOA210)A2WithA2theA2aidA2ofA2references,A2identifyA2theA2appointingA2authorityA2forA2fina
ncialA2managementA2rolesA2andA2responsibilitiesA2withinA2aA2command.A2-A2Ans--CO

(ELOA28)A2WithA2theA2aidA2ofA2references,A2givenA2aA2listA2ofA2financialA2managementA2rol
es,A2selectA2theA2responsibilitiesA2associatedA2withA2theA2financialA2managementA2role.A2-
A2Ans--Comptroller
CommandingA2Officer
Fiscal/BudgetA2andA2AccountingA2OfficerA2(SupO)
SupplyA2ResourceA2manager,A2CertifyingA2OfficerA2(SupO)
SupplyA2AISA2Administrator
FiscalA2clerk
RequisitionA2Clerk
GCPCA2CardA2Holder
UnitA2TravelA2CardA2Holder

ComptrollerA2RolesA2andA2ResponsibilitiesA2-A2Ans--ComptrollerA2officeA2orA2G-
8A2sectionA2atA2MSCA2levelA2orA2higher:

-A2ProvidesA2guidanceA2andA2directionA2concerningA2financialA2mattersA2toA2CG
-A2MaintainsA2budgetA2plansA2andA2programA2schedulesA2forA2MSC
-
A2FormulatesA2budgetsA2andA2reviewA2executionA2forA2prior,A2current,A2andA2futureA2Fiscal
A2YearsA2(FY)
-A2ProvidesA2guidance,A2evaluations,A2andA2analysisA2ofA2fundA2managers
-A2MaintainsA2representativesA2forA2DefenseA2CivilianA2PayA2SystemA2(DCPS)
-A2OversightA2ofA2transactionA2postingsA2withinA2SABRS
-A2LiaisonA2withA2DFAS
-A2SpecialA2StaffA2officerA2toA2MSCA2CGA2(O-4/5A2MarineA2Officer)
--O-1A2toA2MarineA2OfficerA2DeputyA2ofA2BudgetA2Officer

RolesA2andA2ResponsibilitiesA2ofA2COA2-A2Ans--
ResponsibleA2forA2theA2administrationA2ofA2allA2authorizationsA2ofA2fundsA2formallyA2grant
edA2throughA2aA2budget.
-A2CanA2delegateA2inA2wholeA2orA2partA2withinA2theA2command
-A2COA2oftenA2delegatesA2toA2SupO