FOB105 FM BODY KNOWLEDGE (FMBOK)
ACTUAL EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST 2025 ALREADY
GRADED A+
Fund Summary Record (FSR) - ANSWERS-The _____________ is the 2nd level of
funds control used to control funds at the discretion of the Operating Budget
Account Number (OBAN) manager.
Program Summary Record (PSR) - ANSWERS-Budget targets are loaded at the
_____________ level.
,Document Summary Record (DSR) - ANSWERS-The ____________ level is where
the records are creates when documents are processed and funds are
committed or obligated
Accrued expenditures unpaid (AEU/USSGL 490100) - ANSWERS-The
____________ stage represents orders that have been received, but payment
has not been made.
False - ANSWERS-A commitment is a legally binding agreement between the
government and a contractor/vendor.
Unfilled Customer Orders (UFCO/USSGL 422100) - ANSWERS-The
_____________ stage of reimbursement accounting means that the customer
has asked the Air Force to provide a good/service for them.
R/USSGL 425200 - ANSWERS-Filled Customer Orders Collected (FOC)
transactions are recorded into the legacy/DEAMS accounting systems using
balance identifiers (BID):
Financial Management Analysis Officer - ANSWERS-The _____________ is the
Chairperson of the Financial Working Group (FWG).
Group Commanders - ANSWERS-In a typical wing organization, Responsibility
Center Managers (RCMs) are usually _____________.
, Resource Management System - ANSWERS-The ______________ provides a way
to establish priorities, choose policies, and act to get the desired results and
required resources at an acceptable cost.
Squadron - ANSWERS-Cost Center Managers (CCMs) are usually at the
_____________ level.
Base/unit level operations activities - ANSWERS-The Financial Working Group
(FWG) manages commodities and resources integral to:
Legislative Authority - ANSWERS-"The established rule that is expenditure of
public funds is proper only when authorized by Congress," describes:
Congress - ANSWERS-_____________ has the ability to appropriate funds to be
spent by the federal government.
Purpose, Time, and Amount - ANSWERS-The three main elements that must be
reviewed and we must ensure are properly examined before funds are
obligated are:
Necessary Expense Rule - ANSWERS-To apply reasonable discretion and
flexibility, the Government Accountability Office (GAO) developed the concept
known as the _______________ which consists of a three-part test.
ACTUAL EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST 2025 ALREADY
GRADED A+
Fund Summary Record (FSR) - ANSWERS-The _____________ is the 2nd level of
funds control used to control funds at the discretion of the Operating Budget
Account Number (OBAN) manager.
Program Summary Record (PSR) - ANSWERS-Budget targets are loaded at the
_____________ level.
,Document Summary Record (DSR) - ANSWERS-The ____________ level is where
the records are creates when documents are processed and funds are
committed or obligated
Accrued expenditures unpaid (AEU/USSGL 490100) - ANSWERS-The
____________ stage represents orders that have been received, but payment
has not been made.
False - ANSWERS-A commitment is a legally binding agreement between the
government and a contractor/vendor.
Unfilled Customer Orders (UFCO/USSGL 422100) - ANSWERS-The
_____________ stage of reimbursement accounting means that the customer
has asked the Air Force to provide a good/service for them.
R/USSGL 425200 - ANSWERS-Filled Customer Orders Collected (FOC)
transactions are recorded into the legacy/DEAMS accounting systems using
balance identifiers (BID):
Financial Management Analysis Officer - ANSWERS-The _____________ is the
Chairperson of the Financial Working Group (FWG).
Group Commanders - ANSWERS-In a typical wing organization, Responsibility
Center Managers (RCMs) are usually _____________.
, Resource Management System - ANSWERS-The ______________ provides a way
to establish priorities, choose policies, and act to get the desired results and
required resources at an acceptable cost.
Squadron - ANSWERS-Cost Center Managers (CCMs) are usually at the
_____________ level.
Base/unit level operations activities - ANSWERS-The Financial Working Group
(FWG) manages commodities and resources integral to:
Legislative Authority - ANSWERS-"The established rule that is expenditure of
public funds is proper only when authorized by Congress," describes:
Congress - ANSWERS-_____________ has the ability to appropriate funds to be
spent by the federal government.
Purpose, Time, and Amount - ANSWERS-The three main elements that must be
reviewed and we must ensure are properly examined before funds are
obligated are:
Necessary Expense Rule - ANSWERS-To apply reasonable discretion and
flexibility, the Government Accountability Office (GAO) developed the concept
known as the _______________ which consists of a three-part test.
