CDFM Exam 1 Study Set
... - ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
... - ANS-when actual payments are made)
1.4.25: Difference between Disparate Treatment and Adverse Impact? - ANS-DT = Unfair
software of a rule, coverage or practice; AI= application of rule has a bad impact on included
magnificence)
1.4.26: 1991 Civ. Rights Act.....? - ANS-presents for compensatory or damages in EEO
cases)
1.4.26: Average cost of EEO grievance - 1980 GAO study? Recent DoD take a look at? -
ANS-20-40K)(100K)
1.4.26: What did the 1972 EEO Act do? - ANS-delivered fed gov consistent with 1964 Civ
Rights Act & required affirmative movement plans)
1.4.28: Developing Affirm. Action programs is the obligation of...? - ANS-business enterprise
stage)
1.4.32: First step to RIF is setting what limits? - ANS-employer & Geographic; competitive
degree set by using grade and profession)
1.Four.33: What % of income contribution underneath CSRS and FERS? - ANS-7% and
.Eight% - each are matched)
1.Four.36: What is DOPMA, what did it do? - ANS-Def Officers Pers. Mngt Act; restriction
04-06 promotions)
1.5.Eleven: According to GAO standards, Internal Controls should include what five
standards? - ANS-CRIME: Control Activities - use the controls, Risk Assessment -
understand threats, Information & Communications - document & distribute remarks,
Monitoring - is program working to enhance, Environment - positive mind-set in the direction
of IC Program)
1.Five.11: Of the 5 GAO IC Program standards, that's the inspiration? - ANS-Control
Environment)
1.Five.Thirteen: What are the 2 Financial Reporting Deficiencies? - ANS-Significant and
Material)
1.Five.Thirteen: What are the 2 fashionable internal control deficiencies? - ANS-Reportable
Condition & Material Weakness) Which receives tracked internally and which gets
mentioned? (RC, MW respectively)
1.Five.Thirteen: When should a deficiency be said? - ANS-if is/must be of hobby to better
authority)
1.Five.14: Corrective movement plans ought to be advanced for __? - ANS-all material
weaknesses)
1.Five.14: To whom is the Annual Statement of Assurance submitted and while? -
ANS-OMB, forty five days after cease of the FY)
1.5.14: What 3 matters are at the Annual Statement of Assurance? - ANS-Statement of
Assurance that controls are accomplishing results, Report on Mat. Weaknesses, and
guarantee on ICOFR)
1.Five.15: DoD need to publish yearly a Stmt of Assurance for what 3 matters? -
ANS-Overall, Fin. Systems, & ICOFR)
,1.Five.15: What are the three choices for the Statement of Assurance? - ANS-Unqualified,
Qualified - exceptions explicitly cited, No Assurance)
1.Five.16: Who makes the very last dedication if a weak spot is fabric or no longer? -
ANS-management)
1.5.19: Heads - ANS-or Deputies) of DoD Components ought to post Statements of
Assurance to the SECDEF by when? (October 1 - however OSD wants it through 1
September)
1.5.20: The announcement of assurance has what 4 factors? - ANS-Cover memo
mentioning ordinary reliability of the IC Program - unqualified, qualified, No; 2. Description of
the way assessment changed into performed; three. Declaration approximately uncorrected
weaknesses in CY and PY and plans to correct; four. Statement on weak spot corrected
within the CY - which includes the ones recognized in PYs)
1.Five.Three: The Fed. Mngrs. Fin. Integrity Act of 1982 prevents ___ & assures ____ -
ANS-waste or misuse of finances or belongings; duty of belongings)
1.Five.Three: What business enterprise troubles the standards for internal controls? -
ANS-GAO)
1.Five.3: What type of weakness crosses components? - ANS-systematic)
1.Five.7: DoD est. The Internal Control Program to comply with___ and uses___ for
guidance? - ANS-The FMFI Act of 1982; OMB Circ. A-123, GAO Standards; DoDI
5010.Forty)
1.Five.9: According to the FMFIA who est. Hints for reviewing controls? - ANS-OMB)
1.5.Nine: The Internal Control reports to Congress must include as statement on the
conformance of accounting structures with requirements set by Comptroller General. -
ANS-T)
1.Five.Nine: What is PAR, what are the 3 ratings, what mandates the PAR, and why? -
ANS-Perf. & Accountability Report, 1. General ICs, 2. Fin. Mngt Systems IC assessment,
three. ICOFR or Internal Controls over Fin. Reporting; FMFIA; to make public the IC
assessment)
1.5.9: Who evaluates and submits reports to Congress? - ANS-Agency Heads or
SECDEF/DEPSEC)
1.Five.Nine: Who is liable for Internal Controls? - ANS-Everyone)
10: Armed Forces - ANS-...
18: Criminal Codes - ANS-...
2: Congress - ANS-...
2.1.11: PPBE become initiated by using who? When? - ANS-SECDEF McNamara; Sixties)
2.1.12: What is the precept discussion board for considering national security and foreign
policy? - ANS-NSC)
2.1.12: Who are the precept participants of the NSC? - ANS-Pres., V.Pres, SECDEF,
SECState)
2.1.12: Who are the statutory advisors to the NSC? - ANS-CJCS & Dir. National Intelligence)
2.1.14: What vital document comes from the NSC? - ANS-National Security Strategy)
2.1.15: By regulation, who does SECDEF put up the QDR to? - ANS-Congress)
2.1.15: What 4 matters make up the DoD Security Strategy? - ANS-NDS - SECDEF; NMS -
CJCS; Strategy for Homeland Defense and Civil Support - SECDEF; QDR - every four
years)
2.1.15: What is the QDR for? When prepared? - ANS-to summarize army dreams and
strategies for coming four years; in February of 2nd 12 months of a brand new presidential
time period)
, 2.1.15: What 3 files are used to draft the QDR? - ANS-NDS, NMS, & Homeland Strategy)
2.1.24: When and what starts offevolved the PPBE manner? - ANS-18-21 months prior to
FY; COCOMS publish IPLs the usage of the NDS/NMS/QDR/JPD as guidance to the
SECDEF and CJCS)
2.1.26: What goes on the IPL? - ANS-high priority wishes, often consists of comm and intel
worries)
2.1.26: What is the reason of the IPL? - ANS-to offer visibility of key priorities/needs/issues)
2.1.28: Is the JPG fiscally confined? - ANS-Yes)
2.1.28: The SLRG additionally critiques software execution. - ANS-T)
2.1.28: What files does the SLRG approve? - ANS-Strategic Planning Document & JPG)
2.1.28: What is the SLRG and who's it made from? - ANS-Sen. Leadership Review Group;
SECDEF - Chair, Service Secretaries, USDs, CJCS, OSD (PA&E))
2.1.29: POMs include alternative strategies of achieving targets and are submitted how
often? - ANS-even numbered years, similar to the JPG)
2.1.29: The program period consists of __ - ANS- finances years, four planning years and 3
FS years)
2.1.29: The programming section "prices out" pressure targets. - ANS-T)
2.1.29: The cause of the Programming segment is to come up with an in depth allocation of
assets through use of___ - ANS-JPG, POMs, PDMs & Issue Books)
2.1.29: Who writes POMs? - ANS-Component Commanders)
2.1.Three: FMR Vol 1 is? - ANS-Gen FM, systems and Requirements)
2.1.3: FMR Vol 11a - ANS-Reimbursables)
2.1.Three: FMR Vol 2a&b - ANS-Budget Formulation and Presentation)
2.1.3: FMR Vol 3 - ANS-Budget Execution)
2.1.3: OMB Circ A-109 - ANS-Major Systems Acquisition)
2.1.3: OMB Circ A-11 - ANS-Prep and Submission of Budget Estimates (BESs))
2.1.Three: OMB Circ A-123 - ANS-Management and Accountability Act)
2.1.3: OMB Circ A-127 - ANS-Fin. Mngt. Systems)
2.1.3: OMB Circ A-76 - ANS-Commercial Activities)
2.1.30: What is submitted in lieu of POMs in peculiar years? - ANS-Change Proposals CPs)
2.1.33: What frame reviews/develops the PDM? Who approves it? - ANS-SLRG; SECDEF)
2.1.33: What completes the Programming Phase? - ANS-PDMs)
2.1.33: What is the CPA again? - ANS-Chairman's Program Assessment; surveys and
assesses the pointers of Service POMs)
2.1.33: What is the PDM? - ANS-Program Decision Memo; formal declaration of the
selections made through the SECDEF & DEPSEC after reviewing the CPA & Issue Books)
2.1.35: BES consist of finances estimates for which years? - ANS-PY, CY, and 2 BYs)
2.1.35: Who submits BESs? When are BESs submitted? Who are BESs submitted to? -
ANS-DoD Components; September of even numbered years; OSD)
2.1.36: BESs are reviewed via OMB/OSD in Fall and generate what? - ANS-PBDs)
2.1.36: Fall or the Budget Review decisions are recorded in what device? - ANS-CIS)
2.1.36: What is the respectable OSD report of BESs as adjusted by using SECDEF -
ANS-CIS)
2.1.39: How often is the FYDP machine up to date? - ANS- times in even numbered years
due to the POM and BES submissions and the President's Budget; one time in bizarre years
to correspond with the President's budget)
2.1.4: DoDD 1100.Four - ANS-Guidance for Manpower Programs)
2.1.Four: DoDI 70457.7 - ANS-PPBE Implementation)
... - ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
... - ANS-when actual payments are made)
1.4.25: Difference between Disparate Treatment and Adverse Impact? - ANS-DT = Unfair
software of a rule, coverage or practice; AI= application of rule has a bad impact on included
magnificence)
1.4.26: 1991 Civ. Rights Act.....? - ANS-presents for compensatory or damages in EEO
cases)
1.4.26: Average cost of EEO grievance - 1980 GAO study? Recent DoD take a look at? -
ANS-20-40K)(100K)
1.4.26: What did the 1972 EEO Act do? - ANS-delivered fed gov consistent with 1964 Civ
Rights Act & required affirmative movement plans)
1.4.28: Developing Affirm. Action programs is the obligation of...? - ANS-business enterprise
stage)
1.4.32: First step to RIF is setting what limits? - ANS-employer & Geographic; competitive
degree set by using grade and profession)
1.Four.33: What % of income contribution underneath CSRS and FERS? - ANS-7% and
.Eight% - each are matched)
1.Four.36: What is DOPMA, what did it do? - ANS-Def Officers Pers. Mngt Act; restriction
04-06 promotions)
1.5.Eleven: According to GAO standards, Internal Controls should include what five
standards? - ANS-CRIME: Control Activities - use the controls, Risk Assessment -
understand threats, Information & Communications - document & distribute remarks,
Monitoring - is program working to enhance, Environment - positive mind-set in the direction
of IC Program)
1.Five.11: Of the 5 GAO IC Program standards, that's the inspiration? - ANS-Control
Environment)
1.Five.Thirteen: What are the 2 Financial Reporting Deficiencies? - ANS-Significant and
Material)
1.Five.Thirteen: What are the 2 fashionable internal control deficiencies? - ANS-Reportable
Condition & Material Weakness) Which receives tracked internally and which gets
mentioned? (RC, MW respectively)
1.Five.Thirteen: When should a deficiency be said? - ANS-if is/must be of hobby to better
authority)
1.Five.14: Corrective movement plans ought to be advanced for __? - ANS-all material
weaknesses)
1.Five.14: To whom is the Annual Statement of Assurance submitted and while? -
ANS-OMB, forty five days after cease of the FY)
1.5.14: What 3 matters are at the Annual Statement of Assurance? - ANS-Statement of
Assurance that controls are accomplishing results, Report on Mat. Weaknesses, and
guarantee on ICOFR)
1.Five.15: DoD need to publish yearly a Stmt of Assurance for what 3 matters? -
ANS-Overall, Fin. Systems, & ICOFR)
,1.Five.15: What are the three choices for the Statement of Assurance? - ANS-Unqualified,
Qualified - exceptions explicitly cited, No Assurance)
1.Five.16: Who makes the very last dedication if a weak spot is fabric or no longer? -
ANS-management)
1.5.19: Heads - ANS-or Deputies) of DoD Components ought to post Statements of
Assurance to the SECDEF by when? (October 1 - however OSD wants it through 1
September)
1.5.20: The announcement of assurance has what 4 factors? - ANS-Cover memo
mentioning ordinary reliability of the IC Program - unqualified, qualified, No; 2. Description of
the way assessment changed into performed; three. Declaration approximately uncorrected
weaknesses in CY and PY and plans to correct; four. Statement on weak spot corrected
within the CY - which includes the ones recognized in PYs)
1.Five.Three: The Fed. Mngrs. Fin. Integrity Act of 1982 prevents ___ & assures ____ -
ANS-waste or misuse of finances or belongings; duty of belongings)
1.Five.Three: What business enterprise troubles the standards for internal controls? -
ANS-GAO)
1.Five.3: What type of weakness crosses components? - ANS-systematic)
1.Five.7: DoD est. The Internal Control Program to comply with___ and uses___ for
guidance? - ANS-The FMFI Act of 1982; OMB Circ. A-123, GAO Standards; DoDI
5010.Forty)
1.Five.9: According to the FMFIA who est. Hints for reviewing controls? - ANS-OMB)
1.5.Nine: The Internal Control reports to Congress must include as statement on the
conformance of accounting structures with requirements set by Comptroller General. -
ANS-T)
1.Five.Nine: What is PAR, what are the 3 ratings, what mandates the PAR, and why? -
ANS-Perf. & Accountability Report, 1. General ICs, 2. Fin. Mngt Systems IC assessment,
three. ICOFR or Internal Controls over Fin. Reporting; FMFIA; to make public the IC
assessment)
1.5.9: Who evaluates and submits reports to Congress? - ANS-Agency Heads or
SECDEF/DEPSEC)
1.Five.Nine: Who is liable for Internal Controls? - ANS-Everyone)
10: Armed Forces - ANS-...
18: Criminal Codes - ANS-...
2: Congress - ANS-...
2.1.11: PPBE become initiated by using who? When? - ANS-SECDEF McNamara; Sixties)
2.1.12: What is the precept discussion board for considering national security and foreign
policy? - ANS-NSC)
2.1.12: Who are the precept participants of the NSC? - ANS-Pres., V.Pres, SECDEF,
SECState)
2.1.12: Who are the statutory advisors to the NSC? - ANS-CJCS & Dir. National Intelligence)
2.1.14: What vital document comes from the NSC? - ANS-National Security Strategy)
2.1.15: By regulation, who does SECDEF put up the QDR to? - ANS-Congress)
2.1.15: What 4 matters make up the DoD Security Strategy? - ANS-NDS - SECDEF; NMS -
CJCS; Strategy for Homeland Defense and Civil Support - SECDEF; QDR - every four
years)
2.1.15: What is the QDR for? When prepared? - ANS-to summarize army dreams and
strategies for coming four years; in February of 2nd 12 months of a brand new presidential
time period)
, 2.1.15: What 3 files are used to draft the QDR? - ANS-NDS, NMS, & Homeland Strategy)
2.1.24: When and what starts offevolved the PPBE manner? - ANS-18-21 months prior to
FY; COCOMS publish IPLs the usage of the NDS/NMS/QDR/JPD as guidance to the
SECDEF and CJCS)
2.1.26: What goes on the IPL? - ANS-high priority wishes, often consists of comm and intel
worries)
2.1.26: What is the reason of the IPL? - ANS-to offer visibility of key priorities/needs/issues)
2.1.28: Is the JPG fiscally confined? - ANS-Yes)
2.1.28: The SLRG additionally critiques software execution. - ANS-T)
2.1.28: What files does the SLRG approve? - ANS-Strategic Planning Document & JPG)
2.1.28: What is the SLRG and who's it made from? - ANS-Sen. Leadership Review Group;
SECDEF - Chair, Service Secretaries, USDs, CJCS, OSD (PA&E))
2.1.29: POMs include alternative strategies of achieving targets and are submitted how
often? - ANS-even numbered years, similar to the JPG)
2.1.29: The program period consists of __ - ANS- finances years, four planning years and 3
FS years)
2.1.29: The programming section "prices out" pressure targets. - ANS-T)
2.1.29: The cause of the Programming segment is to come up with an in depth allocation of
assets through use of___ - ANS-JPG, POMs, PDMs & Issue Books)
2.1.29: Who writes POMs? - ANS-Component Commanders)
2.1.Three: FMR Vol 1 is? - ANS-Gen FM, systems and Requirements)
2.1.3: FMR Vol 11a - ANS-Reimbursables)
2.1.Three: FMR Vol 2a&b - ANS-Budget Formulation and Presentation)
2.1.3: FMR Vol 3 - ANS-Budget Execution)
2.1.3: OMB Circ A-109 - ANS-Major Systems Acquisition)
2.1.3: OMB Circ A-11 - ANS-Prep and Submission of Budget Estimates (BESs))
2.1.Three: OMB Circ A-123 - ANS-Management and Accountability Act)
2.1.3: OMB Circ A-127 - ANS-Fin. Mngt. Systems)
2.1.3: OMB Circ A-76 - ANS-Commercial Activities)
2.1.30: What is submitted in lieu of POMs in peculiar years? - ANS-Change Proposals CPs)
2.1.33: What frame reviews/develops the PDM? Who approves it? - ANS-SLRG; SECDEF)
2.1.33: What completes the Programming Phase? - ANS-PDMs)
2.1.33: What is the CPA again? - ANS-Chairman's Program Assessment; surveys and
assesses the pointers of Service POMs)
2.1.33: What is the PDM? - ANS-Program Decision Memo; formal declaration of the
selections made through the SECDEF & DEPSEC after reviewing the CPA & Issue Books)
2.1.35: BES consist of finances estimates for which years? - ANS-PY, CY, and 2 BYs)
2.1.35: Who submits BESs? When are BESs submitted? Who are BESs submitted to? -
ANS-DoD Components; September of even numbered years; OSD)
2.1.36: BESs are reviewed via OMB/OSD in Fall and generate what? - ANS-PBDs)
2.1.36: Fall or the Budget Review decisions are recorded in what device? - ANS-CIS)
2.1.36: What is the respectable OSD report of BESs as adjusted by using SECDEF -
ANS-CIS)
2.1.39: How often is the FYDP machine up to date? - ANS- times in even numbered years
due to the POM and BES submissions and the President's Budget; one time in bizarre years
to correspond with the President's budget)
2.1.4: DoDD 1100.Four - ANS-Guidance for Manpower Programs)
2.1.Four: DoDI 70457.7 - ANS-PPBE Implementation)
