CDFM - Module 3 questions and answers latest top score.

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CDFM - Module 3 questions and answers
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latest top score. x x

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What xare xthe xthree xtests xthat xmust xbe xmet xfor xuse xof xthe xNecessary xExpense
xdoctrine? x- x x xcorrect xanswer. x xMust xbear xa xlogical xrelationship x

Not xprohibited xby xlaw x
Not xfunded xelsewhere x
(p x3.1.17) x
x

Who xgrants xrelief xof xliability xto xa xcertifying xofficer xfor xerroneous xor xillegal xpayments
xin xthe x
x
Department xof xDefense? x- x x xcorrect xanswer. x xThe xDefense xFinance xand
xAccounting
x
Service
x(*DFAS*)
x
(p.
x3.1.51)
x

What xtype xof xbudgetary xresources xremains xavailable xfor xnew xobligations xfor xmore
xthan x
x x
one xfiscal xyear? x- x x xcorrect xanswer. x xMulti-year
xauthority
x
(p.
x3.1.24)
x

What xtype xof xCongressional xresolution xcan xbe xthought xof xas xa xtemporary
xappropriations x
x
act? x- x x xcorrect xanswer. x xContinuing xResolution
x(*CR*)
x
(p.
x3.1.41)
x

What xagency xapportions xfunds xfor xa xworking xcapital xfund? x- x x xcorrect xanswer. x xThe
xOffice x
x
of xManagement xand xBudget
x(*OMB*)

, x
(p.
x2.1.71)
x

What xis xthe xacronym xfor xdisbursing xoffice xidentification xnumbers? x- x x xcorrect
xanswer. x x
x x
Disbursing xStation xSymbol xNumbers
x(*DSSN*)
x
(p.
x3.2.30)


What xthree xprimary xtypes xof xofficials xare xaccountable xIndividuals xin xthe xDoD? x- x
x xcorrect x
x x
answer. x xCertifying xOfficers
x(*CO*),
x x
Disbursing xOfficers

x(*DO*),
x x
Departmental xAccountable xOfficials

x(*DAO*)
x
(p. x2.2.21,

x2.2.64)
x

What xis xthe xnormal xcollection xmethod xfor xdebts xowed xby xactive xmilitary xmembers
xand xcivilian xemployees xwho xare xstill xin xservice? x- x x x correct xanswer. x xSalary xOffset

xgarnishing x x(p. x3.2.38) x
x

When xcollecting xdebts xowed xby xvendors xthat xhave xfailed xto xproperly xrespond xto
xthe x
x
demand xletters, xwhat xis xthe xnext xstep? x- x x xcorrect xanswer. x xDo xNot xPay
xList
x
(p.
x3.2.40)
x

When xin xdoubt xabout xthe xproper xuse xof xan xappropriation, xwhat xmay xthe xdisbursing
xofficer xrequest xform xthe xOSD xGeneral xCounsel xon xthe xpropriety xof xthe xprospective

xpayment? x- x x xcorrect xanswer. x xAn xAdvance xDecision x

(p. x3.2.12) x
x

When xa xcivilian xemployee xmoves xfrom xa xjob xoverseas xto xa xjob xin xthe xstates, xwhich
xorganization xpays xfor xthe xPermanent xDuty xTravel? x- x x xcorrect xanswer. x xThe

x"*losing*" xactivity x x

(the x*OCONUS* xactivity) x x
(p. x3.2.22) x
x

Name xthe xsupporting xdocuments xrequired xin xthe xDoD xPayment xPackage? x- x x

xcorrect xanswer. x xContract xInvoice x

Proof xof xReceipt x
Acceptance xDocument x x

,(p. x3.2.24) x
x

Name xtwo xkey xforms xthat xprovide xaccountability xand xcontrol xby xDisbursing
xOfficers? x-
x
correct xanswer. x xStandard xForm x*1219*, xStatement xof xAccountability
x(monthly)
x x
DD xForm x*2657*, xDaily xStatement xof
xAccountability
x
(p.
x3.2.44)
x

What xterm xis xused xto xdescribe xFederal xGovernment xfunds xthat xhave xbeen xpaid xbut
xhave x
x
not xyet xbeen xidentified xto xa xspecific xorganization? x- x x xcorrect xanswer. x
xUndistributed
x
Disbursement
x
(p.
x3.3.39)
x

The xaggregate xamount xof xan xentity's xfunds xin xthe xTreasury xis xin xwhat xaccount? x- x x
xcorrect x
x
answer. x xFund xBalance xwith
xTreasury
x
(p.
x3.3.39)

Which xthree xFederal xagencies xestablished xthe xFASAB? x- x x xcorrect xanswer. x
xThe x
x x
Government xAccountability xOffice

x(*GAO*),
x x
the xDepartment xof xTreasury,
xand
x
the xOffice xof xManagement xand xBudget
x(*OMB*)
x
(p.
x3.3.13)
x

What xis xthe xFederal xlaw xthat xspecifically xrequired xexisting xCFO xagencies xto xhave x
financial xstatements xthat xsuccessfully xpass xa xfinancial xaudit? x- x x xcorrect xanswer. x
xThe x

Government xManagement xReform xAct xof x1994 x x
(p. x3.4.5) x
x

Which xstandards xgenerally xapply xto xall xFederal xGovernment xaudits? x- x x xcorrect
xanswer. x x

, x
GAO xStandards xor
xGAGAS
x
(p.
x3.4.10)
x

How xmany xhours xof xcontinuing xprofessional xeducation xmust xan xauditor xcomplete
xevery x2 x
x
years? x- x x xcorrect xanswer. x x80 xhours xin x2
xyears
x
(p.
x3.4.14)
x

What xis xthe xminimum xnumber xof xhours xthat xmust xbe xcompleted xin xany xyear xof xthe
x2-year x
x x
period? x- x x xcorrect xanswer. x x20 xhours xminimum xeach
xyear
x
(p.
x3.4.14)
x

The xauditor xis xrestricted xaccess xto xessential xdata xnecessary xto xsatisfy xthe xaudit
xobjective. xWhat xtype xof ximpairment xwould xthis xbe? x- x x xcorrect xanswer. x xExternal

xImpairment x

(p. x3.4.12) x
x

Which xtype xof xaudit xis xexpected xto xdetermine xwhether: x
- The xfinancial xinformation xis xpresented xin xaccordance xwith xestablished xstated
xcriteria; x

- The xentity xhas xadhered xto xspecific xfinancial xcompliance xrequirements; xand x
- The xentity's xinternal xcontrol xstructure xover xfinancial xreporting xand/or xsafeguarding
xof xassets xis xsuitably xdesigned xand ximplemented xto xachieve xthe xcontrol xobjective? x-

x x xcorrect xanswer. x xFinancial xAudit x x

(p. x3.4.22) x
x

Which xtype xof xaudit xis xexpected xto xdetermine xwhether: x
- The xentity xis xacquiring, xusing, xand xprotecting xits xresources xeconomically xand
xefficiently; x

- The xentity's xprograms xare xachieving xthe xdesired xresults xor xbenefits; xand x
- The xentity xis xaccomplishing xits xmission xin xaccordance xwith xapplicable xlaws,
xregulations, xand xpublic xpolicies. x- x x xcorrect xanswer. x xPerformance xAudit x x

(p. x3.4.22) x
x

What xdoes xTitle x31 xdo? x- x x xcorrect xanswer. x xProvides xstatutory xauthority xfor xthe
xuse, x
x
control, xand xaccountability xof xpublic
xfunds.