CERTIFIED DEFENSE FINANCIAL MANAGER (CDFM) EXAM
LATEST WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS (ALL WHAT YOU NEED)
LATEST EDITION 2025
What was the predecessor to the Constitution? - ANSWER-Articles of
Confederation
Where are Federal-Level laws enacted? - ANSWER-Congress
What Article, Section and Clause empowers Congress to collect taxes -
ANSWER-Article 1, Section 8, Clause 1
What occurs when the President does not sign an enrolled bull within 10 days?
- ANSWER-Pocket Veto
Which branch of government implements laws? - ANSWER-Executive
Approximately what percent of federal spending is discretionary? - ANSWER-
30%
,How frequently does congress review the DoD budget request? - ANSWER-
Annually
Who attempts to resolve differences between the House and Senate versions
of a bill? - ANSWER-Conference Committee
Which agency issues direction for submitting budget estimates? - ANSWER-
OMB
What type of legislation provides an agency with budget authority? - ANSWER-
Appropriation Acts
What term is used to describe a subdivision of an apportionment? - ANSWER-
Allotment
What agency issues apportionments? - ANSWER-OMB
Which branch of government conducts hearings on the effectiveness of
government programs? - ANSWER-Legislative
In the federal budget process, who is responsible for submitting budget
estimates? - ANSWER-Agencies
What is the largest source of federal government tax revenue? - ANSWER-
Individual Income Taxes
What are requests for funds in addition to amounts already appropriated? -
ANSWER-Supplemental
,What financial control document is issued by the Treasury Department
following signature of the Appropriations Act? - ANSWER-Appropriations
Warrant
What term describes a postponement in the use of appropriated funds? -
ANSWER-Deferral
What term describes a cancellation of appropriated funds? - ANSWER-
Rescission
After the DoD Appropriations Bill is signed into law, what does DoD request
from OMB? - ANSWER-Apportionment
A legal reservation of funds in known as what? - ANSWER-Obligation
What term is used to identify a certification provided to a KO from the
comptroller authorizing Purpose, Time and Amount? - ANSWER-Fiduciary
Certification
A fiduciary certification is the basis for what? - ANSWER-Commitment
Define Budget Authority - ANSWER-Amount of money available to an
organization for obligation
Define Outlays - ANSWER-Funds that have actually been moved from the
Federal Treasury
Monitoring requirements in budget execution involves: - ANSWER-1.
Administrative control of funds
, 2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers
Who conducts both financial and program audits to ensure the integrity of
programs? - ANSWER-Government Accountability Office (GAO)
The Government Performance and Results Act requires budget formulation be
based on what? - ANSWER-Performance planning/reporting
The 1921 Budget and Accounting Act was was responsible for the creation of
what? - ANSWER-OMB, GAO and the Comptroller General
What Act requires the President to submit an annual budget proposal to
Congress? - ANSWER-1921 Budget and Accountability Act
What act established sequestration? - ANSWER-1985 Balanced Budget and
Emergency Deficit Act
What Act established the pay-as-you-go (PAYGO) for entitlements - ANSWER-
1990 Budget Enforcement Act
What are the 1985 and 1987 Balanced Budget Acts ofter referred to as? -
ANSWER-Gramm-Rudman-Hollings Acts
GPRA requires what three things? - ANSWER-Strategic Planning
Performance Planning and Goal Setting
Performance Reporting
LATEST WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS (ALL WHAT YOU NEED)
LATEST EDITION 2025
What was the predecessor to the Constitution? - ANSWER-Articles of
Confederation
Where are Federal-Level laws enacted? - ANSWER-Congress
What Article, Section and Clause empowers Congress to collect taxes -
ANSWER-Article 1, Section 8, Clause 1
What occurs when the President does not sign an enrolled bull within 10 days?
- ANSWER-Pocket Veto
Which branch of government implements laws? - ANSWER-Executive
Approximately what percent of federal spending is discretionary? - ANSWER-
30%
,How frequently does congress review the DoD budget request? - ANSWER-
Annually
Who attempts to resolve differences between the House and Senate versions
of a bill? - ANSWER-Conference Committee
Which agency issues direction for submitting budget estimates? - ANSWER-
OMB
What type of legislation provides an agency with budget authority? - ANSWER-
Appropriation Acts
What term is used to describe a subdivision of an apportionment? - ANSWER-
Allotment
What agency issues apportionments? - ANSWER-OMB
Which branch of government conducts hearings on the effectiveness of
government programs? - ANSWER-Legislative
In the federal budget process, who is responsible for submitting budget
estimates? - ANSWER-Agencies
What is the largest source of federal government tax revenue? - ANSWER-
Individual Income Taxes
What are requests for funds in addition to amounts already appropriated? -
ANSWER-Supplemental
,What financial control document is issued by the Treasury Department
following signature of the Appropriations Act? - ANSWER-Appropriations
Warrant
What term describes a postponement in the use of appropriated funds? -
ANSWER-Deferral
What term describes a cancellation of appropriated funds? - ANSWER-
Rescission
After the DoD Appropriations Bill is signed into law, what does DoD request
from OMB? - ANSWER-Apportionment
A legal reservation of funds in known as what? - ANSWER-Obligation
What term is used to identify a certification provided to a KO from the
comptroller authorizing Purpose, Time and Amount? - ANSWER-Fiduciary
Certification
A fiduciary certification is the basis for what? - ANSWER-Commitment
Define Budget Authority - ANSWER-Amount of money available to an
organization for obligation
Define Outlays - ANSWER-Funds that have actually been moved from the
Federal Treasury
Monitoring requirements in budget execution involves: - ANSWER-1.
Administrative control of funds
, 2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers
Who conducts both financial and program audits to ensure the integrity of
programs? - ANSWER-Government Accountability Office (GAO)
The Government Performance and Results Act requires budget formulation be
based on what? - ANSWER-Performance planning/reporting
The 1921 Budget and Accounting Act was was responsible for the creation of
what? - ANSWER-OMB, GAO and the Comptroller General
What Act requires the President to submit an annual budget proposal to
Congress? - ANSWER-1921 Budget and Accountability Act
What act established sequestration? - ANSWER-1985 Balanced Budget and
Emergency Deficit Act
What Act established the pay-as-you-go (PAYGO) for entitlements - ANSWER-
1990 Budget Enforcement Act
What are the 1985 and 1987 Balanced Budget Acts ofter referred to as? -
ANSWER-Gramm-Rudman-Hollings Acts
GPRA requires what three things? - ANSWER-Strategic Planning
Performance Planning and Goal Setting
Performance Reporting
