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CDFM MODULE 3 PRACTICE QUESTIONS AND DETAILED SOLUTIONS

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CDFM MODULE 3 PRACTICE QUESTIONS AND DETAILED SOLUTIONS

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CDFM MODULE 3 PRACTICE QUESTIONS AND
DETAILED SOLUTIONS

◉ In the Department of Defense, final decision of fiscal law
questions are "officially" rendered by whom?
Answer: DoD General Counsel, Courts


◉ What are the basic types of budget authority used in the Federal
Government?
Answer: Appropriations
Contract Authority
Borrowing Authority
Monetary Credits
Offsetting Collections and Receipts
Loan and Loan Guarantee Authority


◉ Annual appropriations remain available for new obligations for
how long?
Answer: They normally remain available for new obligations for
ONE fiscal year

,◉ Operation and Maintenance (O&M) is an example of what type of
appropriation
Answer: Annual appropriation


◉ RDT&E is an example of what type of appropriation?
Answer: Multi-year appropriation


◉ Budget authority does not expire in what type of appropriation?
Answer: No-year appropriation


◉ Article 1, Section 9, of the U.S. Constitution gives the power to
appropriate funds for operating the Government to which branch of
the Government?
Answer: Legislative Branch (Congress)


◉ Which law established the House and the Senate Budget
Committees and the Congressional Budget Office (CBO)?
Answer: Congressional Budget Act of 1974


◉ What are the three tests that must be met for use of Necessary
Expense doctrine?
Answer: Must bear a logical relationship, not prohibited by law, not
funded elsewhere

,◉ Who are determined to be accountable individuals in the DoD?
Answer: Certifying and Disbursing Officers and Departmental
Accountable Officials


◉ Who grants relief of liability to a certifying officer for erroneous
or illegal payments in the Department of Defense?
Answer: DFAS


◉ What type of budgetary resources remain available for new
obligations for more than one fiscal year?
Answer: Multi-year authority


◉ What type of budgetary resources remains available for new
obligations until the purpose for which they were provided is
carried out?
Answer: No-year authority


◉ What type of Congressional resolution can be thought of as a
temporary appropriations act?
Answer: Continuing resolution


◉ If a Contracting Officers signs a contract in advance of an
appropriation, what type of violation ahs occurred?

, Answer: Anti Deficiency Act Violation


◉ What agency apportions funds for working capital fund?
Answer: OMB


◉ What are the four major functions in DoD Finance?
Answer: Entitlements, Payments, Collections, Control of Public
Funds


◉ What is the primary organization in DoD with the responsibility
for Finance requirements?
Answer: DFAS


◉ What is the acronym for disbursing office identification number?
Answer: DSSN


◉ What three primary types of officials are accountable Individuals
in the DoD?
Answer: Certifying Officers, Disbursing Officers, Departmental
Accountable Officials


◉ Debt collection incudes collection of debts from what three
groups?

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