CDFM MODULE 3.1 FISCAL LAW EXAM
QUESTIONS AND ANSWERS
FEDERAL APPROPRIATIONS LAW CAN BE CATEGORIZED INTO
WHICH 3 AREAS -
correct answer ✅PURPOSE TIME AMOUNT
IN DOD FINAL DECISIONS ON FISCAL LAW QUESTIONS ARE
OFFICIALLY RENDERED BY -
correct answer ✅DOD GENERAL COUNSEL, COURTS
BASIC TYPES OF BUDGET AUTHORITY USED IN FEDERAL GOVT -
correct 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 -
correct answer ✅NEW OBLIGATIONS FOR ONE FY
OM IS AND EXAMPLE OF WHAT APPROPRIATION -
correct answer ✅ANNUAL
,CDFM MODULE 3.1 FISCAL LAW EXAM
QUESTIONS AND ANSWERS
RDTE IS AND EXAMPLE OF WHAT APPROPRIATION -
correct answer ✅MULTI YEAR
BUDGET AUTHORITY DOES NOT EXPIRE IN WHAT TYPE OF
APPROPRIATION -
correct answer ✅NO YEAR
ARTICLE 1, SECTION 9 OF US CONST GIVES THE POWER TO
APPROPRIATE FUNDS FOR OPERATING THE GOVT TO WHAT
BRANCH -
correct answer ✅LEGISLATIVE
LAW ESTABLISHED THE HOUSE AND SENATE BUDGET COMMITTEES
AND THE CONGRESSIONAL BUDGET OFFICE -
correct answer ✅CONGRESSIONAL BUDGET ACT OF 1974
THREE TESTS THAT MUST BE MET FOR USE OF THE NECESSARY
EXPENSE DOCTRINE -
correct answer ✅LOGICAL RELATIONSHIP, NOT PROHIBITED BY
LAW , NOT FUNDED ELSEWHERE
, CDFM MODULE 3.1 FISCAL LAW EXAM
QUESTIONS AND ANSWERS
DETERMINE TO BE ACCOUNTABLE INDIVIDUALS IN DOD -
correct answer ✅CERTIFYING AND DISBURSING OFFICERS AND
DEPARTMENTAL ACCOUNTABLE OFFICIALS
WHO GRANTS RELIEF OF LIABILITY TO A CERTIFYING OFFICER FOR
ERRONEOUS OR ILLEGAL PAYMENTS IN DOD -
correct answer ✅DFAS
WHAT TYPE OF BUDGETARY RESOURCE REMAINS AVAILABLE FOR
NEW OBLIGATIONS FOR MORE THAN ONE FISCAL YEAR -
correct answer ✅MULTI YEAR AUTHORITY
WHAT TYPE OF BUDGETARY RESOURCE REMAINS AVAILABLE FOR
NEW OBLIGATIONS UNTIL THE PURPOSE FOR WHICH IT WAS
PROVIDED IS CARRIED OUT -
correct answer ✅NO YEAR AUTHORITY
WHAT TYPE OF CONGRESSIONAL RESOLUTION CAN BE THOUGHT
OF AS A TEMPORARY APPROPRIATION ACT -
correct answer ✅CONTINUING RESOLUTION
QUESTIONS AND ANSWERS
FEDERAL APPROPRIATIONS LAW CAN BE CATEGORIZED INTO
WHICH 3 AREAS -
correct answer ✅PURPOSE TIME AMOUNT
IN DOD FINAL DECISIONS ON FISCAL LAW QUESTIONS ARE
OFFICIALLY RENDERED BY -
correct answer ✅DOD GENERAL COUNSEL, COURTS
BASIC TYPES OF BUDGET AUTHORITY USED IN FEDERAL GOVT -
correct 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 -
correct answer ✅NEW OBLIGATIONS FOR ONE FY
OM IS AND EXAMPLE OF WHAT APPROPRIATION -
correct answer ✅ANNUAL
,CDFM MODULE 3.1 FISCAL LAW EXAM
QUESTIONS AND ANSWERS
RDTE IS AND EXAMPLE OF WHAT APPROPRIATION -
correct answer ✅MULTI YEAR
BUDGET AUTHORITY DOES NOT EXPIRE IN WHAT TYPE OF
APPROPRIATION -
correct answer ✅NO YEAR
ARTICLE 1, SECTION 9 OF US CONST GIVES THE POWER TO
APPROPRIATE FUNDS FOR OPERATING THE GOVT TO WHAT
BRANCH -
correct answer ✅LEGISLATIVE
LAW ESTABLISHED THE HOUSE AND SENATE BUDGET COMMITTEES
AND THE CONGRESSIONAL BUDGET OFFICE -
correct answer ✅CONGRESSIONAL BUDGET ACT OF 1974
THREE TESTS THAT MUST BE MET FOR USE OF THE NECESSARY
EXPENSE DOCTRINE -
correct answer ✅LOGICAL RELATIONSHIP, NOT PROHIBITED BY
LAW , NOT FUNDED ELSEWHERE
, CDFM MODULE 3.1 FISCAL LAW EXAM
QUESTIONS AND ANSWERS
DETERMINE TO BE ACCOUNTABLE INDIVIDUALS IN DOD -
correct answer ✅CERTIFYING AND DISBURSING OFFICERS AND
DEPARTMENTAL ACCOUNTABLE OFFICIALS
WHO GRANTS RELIEF OF LIABILITY TO A CERTIFYING OFFICER FOR
ERRONEOUS OR ILLEGAL PAYMENTS IN DOD -
correct answer ✅DFAS
WHAT TYPE OF BUDGETARY RESOURCE REMAINS AVAILABLE FOR
NEW OBLIGATIONS FOR MORE THAN ONE FISCAL YEAR -
correct answer ✅MULTI YEAR AUTHORITY
WHAT TYPE OF BUDGETARY RESOURCE REMAINS AVAILABLE FOR
NEW OBLIGATIONS UNTIL THE PURPOSE FOR WHICH IT WAS
PROVIDED IS CARRIED OUT -
correct answer ✅NO YEAR AUTHORITY
WHAT TYPE OF CONGRESSIONAL RESOLUTION CAN BE THOUGHT
OF AS A TEMPORARY APPROPRIATION ACT -
correct answer ✅CONTINUING RESOLUTION
