CDFM Module 1 AND Module 3 Exam
Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
certification that certifies to the KO purpose, time and amount. The basis for a commitment
Answer:
Fiduciary
Question:
Certifies vouchers for payments
Answer:
Certifying Officers
Question:
Appropriates the funds and sends to OMB for apportionment
Answer:
Congress
Question:
Apportions the funds to the Agencies for execution
Answer:
OMB
Question:
Responsible for Allots, commits, obligates and outlays the funding
,Answer:
Agency
Question:
funds that have actually been moved from the federal treasury
Answer:
Outlays
Question:
Who is the primary oversight committee for the DoD programs?
Answer:
HAC & SAC
Question:
Who's is the head of the Comptroller General?
Answer:
Government Accountability Office (GAO)
Question:
1) Budget Formulation, 2) Congressional Review 3) Budget
Execution
Answer:
Federal Budget Process
Question:
The budget formulation is based on performance planning/reporting as required by what?
Answer:
Government Performance and Results Act (GPRA)
,Question:
Government budget outlays exceed its budget receipts for any given period
Answer:
Budget Deficit
Question:
the transactions of Government entities that laws exclude from the on-budget totals (those of SSA,
Trust Fund, and Postal Service are not included in the budget deficit)
Answer:
Budget totals
Question:
Specific statutory authority to incur obligations
Answer:
Contract authority
Question:
Cash value of the resources allocated to a particular program
Answer:
Cost
Question:
Budgetary resources provided in an appropriations act.
Answer:
Discretionary Spending
Question:
, Authority to make payments
Answer:
Entitle Authority
Question:
Occurs when a check is issued
Answer:
Expenditure
Question:
Spending that is controlled by laws.
Answer:
Mandatory Spending
Question:
Primary measure of government spending
Answer:
Outlay
Question:
How large is discretionary spending, budget authority that is indefinite
Answer:
34%
Question:
This spending is mandatory for entitlement programs such as SS, corporate income taxes, excise
taxes, etc. This is a "permanent appropriation"
Answer:
Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
certification that certifies to the KO purpose, time and amount. The basis for a commitment
Answer:
Fiduciary
Question:
Certifies vouchers for payments
Answer:
Certifying Officers
Question:
Appropriates the funds and sends to OMB for apportionment
Answer:
Congress
Question:
Apportions the funds to the Agencies for execution
Answer:
OMB
Question:
Responsible for Allots, commits, obligates and outlays the funding
,Answer:
Agency
Question:
funds that have actually been moved from the federal treasury
Answer:
Outlays
Question:
Who is the primary oversight committee for the DoD programs?
Answer:
HAC & SAC
Question:
Who's is the head of the Comptroller General?
Answer:
Government Accountability Office (GAO)
Question:
1) Budget Formulation, 2) Congressional Review 3) Budget
Execution
Answer:
Federal Budget Process
Question:
The budget formulation is based on performance planning/reporting as required by what?
Answer:
Government Performance and Results Act (GPRA)
,Question:
Government budget outlays exceed its budget receipts for any given period
Answer:
Budget Deficit
Question:
the transactions of Government entities that laws exclude from the on-budget totals (those of SSA,
Trust Fund, and Postal Service are not included in the budget deficit)
Answer:
Budget totals
Question:
Specific statutory authority to incur obligations
Answer:
Contract authority
Question:
Cash value of the resources allocated to a particular program
Answer:
Cost
Question:
Budgetary resources provided in an appropriations act.
Answer:
Discretionary Spending
Question:
, Authority to make payments
Answer:
Entitle Authority
Question:
Occurs when a check is issued
Answer:
Expenditure
Question:
Spending that is controlled by laws.
Answer:
Mandatory Spending
Question:
Primary measure of government spending
Answer:
Outlay
Question:
How large is discretionary spending, budget authority that is indefinite
Answer:
34%
Question:
This spending is mandatory for entitlement programs such as SS, corporate income taxes, excise
taxes, etc. This is a "permanent appropriation"
Answer:
