CDFM Module 2
A operating capital fund has an officer (O-four) properly assigned to the company and that
officer is doing the paintings that might commonly be carried out with the aid of a
GS-thirteen. For managerial price accounting functions, is the "fee" of that officer's pay and
advantages "charged" at the navy O-4 charge or the civilian GS-13 rate? - ANS-Civilian
GS-13 price (and the proper MILPER account is reimbursed for that quantity)
Advance Procurement is an exception to what funding policy? - ANS-Full Funding
Assume an organisation has issued an Economy Act order to every other Federal
organization for precise services, the cited appropriation has long gone into an expired
status, and the servicing enterprise has neither supplied the ordered services nor has
entered into a certified contract with every other entity to provide the ordered offerings. What
should now be completed with those obligated funds? - ANS-De-obligate
Assume today's date is 1 March 2020 and your organisation knows about a brand new
challenge or requirement with a view to require its preliminary investment in FY 2027. What
is the primary PPBE-related file which you could become aware of resources for that
requirement? - ANS-POM 2023 - 2027
Assume your business enterprise overpaid a contractor on a contract offered with an
appropriation this is now in the cancelled fame, and the contractor has despatched in a test
for that overpayment. What can your organisation legally do with that refund from the
contractor? - ANS-Credit the refund to miscellaneous receipts of the U.S. Treasury
Cost Savings, Cost Avoidance, and Productivity Improvements are examples of what kind of
value blessings? - ANS-Quantifiable Benefits
Federal corporations are required to submit to OMB and Congress numerous
economic-associated reports on an annual basis. If the business enterprise chooses to put
up a consolidated file to fulfill that requirement, it is referred to as the Performance and
Accountability Report (PAR). Alternatively, the corporation can also put up separate financial
reviews. What report or reports has DoD selected to post to meet the requirement? -
ANS-Agency Financial Report; Annual Performance Report; Summary of Performance and
Financial Information
Following a assessment of a Component's budget submission and a potential price range
listening to within the fall timeframe, the reviewing USD(C) finances analyst prepares a draft
report this is submitted to DEPSECDEF or SECDEF for a decision. Once signed by using
one of these senior officers, what is that record called? - ANS-Program Budget Decision
For a great correlation to exist, what will be the coefficient? - ANS-1.0
In federal agencies, how regularly need to strategic plans required under the GPRA
Modernization Act of 2010 be up to date? - ANS-Every four years
In regards to measures of vital tendency, what is an average? A mode? A median? -
ANS-Mean is the arithmetic common; mode is the maximum common rating in a distribution
of scores; median is the center of arrayed values
Monies not appropriated by means of Congress which can be generated broadly speaking
from the sale of products and offerings are called what? - ANS-Non-appropriated Funds
(NAF)
A operating capital fund has an officer (O-four) properly assigned to the company and that
officer is doing the paintings that might commonly be carried out with the aid of a
GS-thirteen. For managerial price accounting functions, is the "fee" of that officer's pay and
advantages "charged" at the navy O-4 charge or the civilian GS-13 rate? - ANS-Civilian
GS-13 price (and the proper MILPER account is reimbursed for that quantity)
Advance Procurement is an exception to what funding policy? - ANS-Full Funding
Assume an organisation has issued an Economy Act order to every other Federal
organization for precise services, the cited appropriation has long gone into an expired
status, and the servicing enterprise has neither supplied the ordered services nor has
entered into a certified contract with every other entity to provide the ordered offerings. What
should now be completed with those obligated funds? - ANS-De-obligate
Assume today's date is 1 March 2020 and your organisation knows about a brand new
challenge or requirement with a view to require its preliminary investment in FY 2027. What
is the primary PPBE-related file which you could become aware of resources for that
requirement? - ANS-POM 2023 - 2027
Assume your business enterprise overpaid a contractor on a contract offered with an
appropriation this is now in the cancelled fame, and the contractor has despatched in a test
for that overpayment. What can your organisation legally do with that refund from the
contractor? - ANS-Credit the refund to miscellaneous receipts of the U.S. Treasury
Cost Savings, Cost Avoidance, and Productivity Improvements are examples of what kind of
value blessings? - ANS-Quantifiable Benefits
Federal corporations are required to submit to OMB and Congress numerous
economic-associated reports on an annual basis. If the business enterprise chooses to put
up a consolidated file to fulfill that requirement, it is referred to as the Performance and
Accountability Report (PAR). Alternatively, the corporation can also put up separate financial
reviews. What report or reports has DoD selected to post to meet the requirement? -
ANS-Agency Financial Report; Annual Performance Report; Summary of Performance and
Financial Information
Following a assessment of a Component's budget submission and a potential price range
listening to within the fall timeframe, the reviewing USD(C) finances analyst prepares a draft
report this is submitted to DEPSECDEF or SECDEF for a decision. Once signed by using
one of these senior officers, what is that record called? - ANS-Program Budget Decision
For a great correlation to exist, what will be the coefficient? - ANS-1.0
In federal agencies, how regularly need to strategic plans required under the GPRA
Modernization Act of 2010 be up to date? - ANS-Every four years
In regards to measures of vital tendency, what is an average? A mode? A median? -
ANS-Mean is the arithmetic common; mode is the maximum common rating in a distribution
of scores; median is the center of arrayed values
Monies not appropriated by means of Congress which can be generated broadly speaking
from the sale of products and offerings are called what? - ANS-Non-appropriated Funds
(NAF)
