FOB105 FM Body of
Knowledge (FMBOK)
Managers - ✔ ✔ ___________ is responsible for establishing and
maintaining internal controls to achieve the objectives of effective and efficient
operations, reliable financial reporting, and compliance with applicable laws
and regulations.
False - ✔ ✔ Internal controls are a comptroller function, it is not important
for all Airmen and civilian employees to report and prevent fraud, waste, and
abuse of resources.
October to December - ✔ ✔ The first quarter of the government fiscal year
is from ___________.
Financial Analysis Office (FMA) - ✔ ✔ ___________ load funds into the
accounting system to ensure commitments and obligations have funds
available for spending purposes.
Third - ✔ ✔ Budget development for the next fiscal year begins in the
____________ quarter.
April to June - ✔ ✔ The third quarter of the government fiscal year is from
___________.
All of the above - ✔ ✔ Closeout procedures include managing Air Force
funds to:
Defense Finance and Accounting Service (DFAS) - ✔ ✔ Who is
responsible for providing fiscal year-end guidance procedures to bases,
reviewing status of accounting systems, assisting with posting obligations in
the accounting system, and executing closeout checklists?
True - ✔ ✔ True or False: Execution is the process of spending funds.
, Dormant Account Review-Quarterly (DAR-Q) - ✔ ✔ Discrepancies
between obligations and accounting records are resolved during the
__________.
Group Resource Advisors - ✔ ✔ ________ are responsible for following u
on their commitments and obligations in a timely manner and maintain
oversight of their unit's funding documents.
First - ✔ ✔ When is the apportionment request sent to the Office of the
Secretary of Defense, (OSD) Comptroller
True - ✔ ✔ The bona fida needs rule, as it pertains to supplies, states that
generally. agencies must obligate funds from the fiscal year in which the
supplies is if you are maintaining a stock of commonly used supplies
(inventory), you are permitted to replenish those stocks using current funding
even if you may not use those supplies until the following fiscal year to avoid
an interruption of operations.
No-year - ✔ ✔ A(n) ________________ appropriation is to remain available
until expended without fiscal year limitation.
Congress - ✔ ✔ Under the "Seperation of Powers" doctrine,
________________ has the final word on how much money can be spent by
given agency or program.
True - ✔ ✔ The ADA imposes prohibitions (fiscal controls) at three levels:
Appropriation Level, Apportionment Level, Formal Subdivision Level.
False - ✔ ✔ The Anti Deficiency Act Principles sate that you can receive
services without paying for them as a benefit to the government.
Anti-Deficiency Act - ✔ ✔ The _____________ prohibits against over
obligating or overspending on an appropriation.
Legal, proper, and correct - ✔ ✔ Responsibilities for voucher certification
include verifying that the payment is __________, __________, and _______-.
Knowledge (FMBOK)
Managers - ✔ ✔ ___________ is responsible for establishing and
maintaining internal controls to achieve the objectives of effective and efficient
operations, reliable financial reporting, and compliance with applicable laws
and regulations.
False - ✔ ✔ Internal controls are a comptroller function, it is not important
for all Airmen and civilian employees to report and prevent fraud, waste, and
abuse of resources.
October to December - ✔ ✔ The first quarter of the government fiscal year
is from ___________.
Financial Analysis Office (FMA) - ✔ ✔ ___________ load funds into the
accounting system to ensure commitments and obligations have funds
available for spending purposes.
Third - ✔ ✔ Budget development for the next fiscal year begins in the
____________ quarter.
April to June - ✔ ✔ The third quarter of the government fiscal year is from
___________.
All of the above - ✔ ✔ Closeout procedures include managing Air Force
funds to:
Defense Finance and Accounting Service (DFAS) - ✔ ✔ Who is
responsible for providing fiscal year-end guidance procedures to bases,
reviewing status of accounting systems, assisting with posting obligations in
the accounting system, and executing closeout checklists?
True - ✔ ✔ True or False: Execution is the process of spending funds.
, Dormant Account Review-Quarterly (DAR-Q) - ✔ ✔ Discrepancies
between obligations and accounting records are resolved during the
__________.
Group Resource Advisors - ✔ ✔ ________ are responsible for following u
on their commitments and obligations in a timely manner and maintain
oversight of their unit's funding documents.
First - ✔ ✔ When is the apportionment request sent to the Office of the
Secretary of Defense, (OSD) Comptroller
True - ✔ ✔ The bona fida needs rule, as it pertains to supplies, states that
generally. agencies must obligate funds from the fiscal year in which the
supplies is if you are maintaining a stock of commonly used supplies
(inventory), you are permitted to replenish those stocks using current funding
even if you may not use those supplies until the following fiscal year to avoid
an interruption of operations.
No-year - ✔ ✔ A(n) ________________ appropriation is to remain available
until expended without fiscal year limitation.
Congress - ✔ ✔ Under the "Seperation of Powers" doctrine,
________________ has the final word on how much money can be spent by
given agency or program.
True - ✔ ✔ The ADA imposes prohibitions (fiscal controls) at three levels:
Appropriation Level, Apportionment Level, Formal Subdivision Level.
False - ✔ ✔ The Anti Deficiency Act Principles sate that you can receive
services without paying for them as a benefit to the government.
Anti-Deficiency Act - ✔ ✔ The _____________ prohibits against over
obligating or overspending on an appropriation.
Legal, proper, and correct - ✔ ✔ Responsibilities for voucher certification
include verifying that the payment is __________, __________, and _______-.
