CDFM: Fiscal Law (all 3 modules)Exam
100% Verified!!
Federal appropriations law can be categorized into which three topical areas? - ANSWER Purpose,
Time, and Amount (PTA)
In the DoD, final decisions 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? (6) - ANSWER 1.
Appropriations
2. Contract Authority
3. Borrowing Authority
4. Monetary Credits
5. Offsetting Collections and Receipts
6. 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 FY
What type of Congressional resolution can be thought of as a temporary appropriations act? -
ANSWER Continuing resolution
If a Contracting Officer signs a contract in advance of an appropriation, what type of violation has
occurred? - ANSWER ADA
What agency apportions funds for a working capital fund? - ANSWER OMB
What are the three tests that must be met for use of the Necessary Expense doctrine? - ANSWER 1.
Logical relationship 2. not prohibited by law 3. not funded elsewhere
Who are determined to be accountable individuals in the DoD? - ANSWER Certifying and Disbursing
Officers and Departmental Accountable Officials (DAOs)
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the DoD? -
ANSWER DFAS
100% Verified!!
Federal appropriations law can be categorized into which three topical areas? - ANSWER Purpose,
Time, and Amount (PTA)
In the DoD, final decisions 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? (6) - ANSWER 1.
Appropriations
2. Contract Authority
3. Borrowing Authority
4. Monetary Credits
5. Offsetting Collections and Receipts
6. 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 FY
What type of Congressional resolution can be thought of as a temporary appropriations act? -
ANSWER Continuing resolution
If a Contracting Officer signs a contract in advance of an appropriation, what type of violation has
occurred? - ANSWER ADA
What agency apportions funds for a working capital fund? - ANSWER OMB
What are the three tests that must be met for use of the Necessary Expense doctrine? - ANSWER 1.
Logical relationship 2. not prohibited by law 3. not funded elsewhere
Who are determined to be accountable individuals in the DoD? - ANSWER Certifying and Disbursing
Officers and Departmental Accountable Officials (DAOs)
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the DoD? -
ANSWER DFAS
