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DUA Training detail: BFM 2000 Applied Acquisition Financial Management Exam Test > Answered 100% Genuine _ Updated Latest 2025/26.

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DUA Training detail: BFM 2000 Applied Acquisition Financial Management Exam Test > Answered 100% Genuine _ Updated Latest 2025/26. Training detail: BFM 2000 Applied Acquisition Financial Management Exam Test 2025 209878 You are the lead BFM on Project TITAN and have realized that you have a funding shortfall. Given that you have read the Acquisition Program Baseline (in particular, the key performance parameters), what is the best option for staying in alignment with Cost as an Independent Variable policy (CAIV)? 221635 Prior to a milestone review, the GOLIATH program discovers that a Nunn-McCurdy cost breach is expected to occur with respect to its Program Acquisition Unit Cost (PAUC). Over the next thirty days, the GOLIATH Program Manager will most likely be required to do which of the following? (Select three.) 221727 It is August 2021. For your new program, you are in charge of the Research, Development, Test & Evaluation (RTD&E) funds. For you to receive your funding, when should each of the components provide OUSD(C) their Budget Estimate Submission (BES)? 243148 Today is August 4, 2021, and your Program Manager needs to know how much Overseas Contingency Operations (OCO) dollars are in FY22. Given Exhibit R-2A, shown here, what do you tell him? 221778 Which of the following efforts is a new start? Incorrect 221793 Your program has just received a mark by the Authorization Conference Committee. What is the next step in the appeal process? 221823 The President's Budget requested $319 million for DoD's REDBIRD Program. The House Armed Services Committee has decided to grant REDBIRD $325 million, while the Senate Armed Services Committee has decided to grant REDBIRD $314 million. To whom should DoD now appeal and for how much? Training detail: BFM 2000 Applied Acquisition Financial Management Exam Test 243164 The President signed the Appropriation bill on 1 October 2021, and you are under pressure to submit your Funding documents. Which of the following does NOT need to occur before you receive Budget Authority? 221843 You are the BFM in your Program Office. When should you expect to receive your O&M apportionment? 221890 As the newest BFM in the program office, you notice a disbursement for the X-86 Aircraft landing tail hook in the accounting system. You then notice that the disbursement is not matched to an obligation. How should this now be recorded? 221910 Reliable financial reporting includes maintaining Internal Controls Over Financial Reporting (ICOFR) and financial systems security. Incorrect 243178 During a recent review of your obligation performance to get ready for your mid-year review with FMB, you notice that you are behind on your spend plan. Which of the following will FMB be looking for during the mid-year review? (Select two.) 221937 You are the Business Financial Manager in the Navy’s new Big Ultra Bomb for Bad Associates (BUBBA) program office. Your Program Executive Office (PEO) has asked you to justify how you developed BUBBA’s President's Budget, including the content and nature of the materials and justifications your office submitted for OMB and Presidential review. Which of the following references should you refer to? Incorrect 243215 Marvin is a BFM working with a contractor. When chatting with one of the managers of the Contractor firm, Marvin is offered three tickets to tonight’s basketball game. Each ticket costs $100. Which of the following would NOT be acceptable responses in keeping with DoD regulations? (Select two.) Incorrect 221998 You are a BFM who has been tasked with providing training to your junior personnel on how Working Capital Funds operate and how the surcharge is calculated. A subordinate asks about Working Capital Funds and how they operate. Which of the following best describes how a Working Capital Fund operates?

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BFM 2000 Applied Acquisition Financial Management
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BFM 2000 Applied Acquisition Financial Management
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1/26/25, 2:27 PM Training detail: BFM 2000 Applied Acquisition Financial Management Exam Test




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> BFM 2000 Applied Acquisition Financial Management Exam >




Review Questions

Test results are summarized below. Change the view to see only Correct or Incorrect questions.


Review Test Questions


View: All Questions Correct Questions Incorrect Questions (15 Results)

ID Question Correct

You are the lead BFM on Project TITAN and have realized that you have a funding
shortfall. Given that you have read the Acquisition Program Baseline (in particular, the
209878 Correct
key performance parameters), what is the best option for staying in alignment with Cost
as an Independent Variable policy (CAIV)?
Answer: The Authorization Act does not need to be enacted.
Explanation:
• Budget authority (BA) is provided by an Appropriations Act. Once the President
signs the appropriations bill, BA is created for the Treasury account.
• After enactment, Treasury issues an appropriation warrant and OMB apportions
the funds; then DoD allocates/allots them down to the programs before
obligations can be made.
• An Authorization Act (e.g., the NDAA) is NOT required to receive BA.
Authorizations permit/guide programs and may set ceilings, but they do not
provide the legal budget authority—the appropriations do.



Prior to a milestone review, the GOLIATH program discovers that a Nunn-McCurdy cost
breach is expected to occur with respect to its Program Acquisition Unit Cost (PAUC).
221635 correct
Over the next thirty days, the GOLIATH Program Manager will most likely be required to
do which of the following? (Select three.)
A. Inform the HASC and SASC
B. Notify the component leadership
D. Submit a Program Deviation Report (PDR)



It is August 2021. For your new program, you are in charge of the Research,
Development, Test & Evaluation (RTD&E) funds. For you to receive your funding, when
221727 correct
should each of the components provide OUSD(C) their Budget Estimate Submission
(BES)?

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