CDFM - Module 3 questions with verified answers
___ account for the receipt and expenditure of monies by the Government for
carrying out specific purposes and programs with the terms of a statute that
designates the fund as a ___, or for carrying out the stipulations of an agreement
where the Nation is the beneficiary. Ans✓✓✓ Trust funds
___ are ___ accounts in which the balances are no longer available for incurring
new obligations because the time available for incurring such obligations has
expired Ans✓✓✓ Expired Appropriations / appropriation
___ are *one* fiscal year funds... Ans✓✓✓ Annual Appropriations
___ are amounts earned and collected from the selling of goods and services.
Ans✓✓✓ Reimbursements
___ are detailed instructions that can cross fiscal years. Ans✓✓✓ Project Orders
___ are DoD military members and civilian personnel who are designated in
writing and are not otherwise accountable under applicable law, who provides
source information, data, or service (such as a receiving official, a cardholder, or
an automated information system administrator) to a certifying or disbursing
officer in support of the payment process. Ans✓✓✓ Departmental Accountable
Officials
___ are Federal Government funds that have been paid, but for whatever reason,
have not yet been identified to a specific organization; therefore, they placed in a
suspense account. Ans✓✓✓ Undistributed disbursements
,___ are for routine work or services of a recurring nature usually within one fiscal
year. Ans✓✓✓ Economy Act Orders
___ are funds covered by basic laws that allow the Secretary of the Treasury to
pay without further enactment by Congress. Ans✓✓✓ Permanent (Indefinite)
Appropriations
___ are funds that are available for *more* than one fiscal year. Ans✓✓✓
Multiyear Appropriations
___ are legal reservations for which payments, or expenditures, will be made in
the future. Ans✓✓✓ Obligations
___ are PP&E that are unique for one or more of the following reasons: historical,
natural, cultural, educational significance; artistic importance; or significant
architectural characteristics. Ans✓✓✓ Hertiage Assets
___ are revolving funds that conduct business-type operations primarily within
and *between* Government agencies Ans✓✓✓ Intragovernmental funds
___ are revolving funds used for programs authorized by law to conduct a cycle of
business-type operations, primarily with the *public*, in which outlays generate
collections. Ans✓✓✓ Public enterprise funds
___ are the *greater* part of the budget and record receipts not earmarked by
law... Ans✓✓✓ General Funds
,___ are the cash payments made to liquidate an obligation. Ans✓✓✓
Expenditures
___ are the net amount of obligations in a given account for which payment has
not yet been made. Ans✓✓✓ Obligated Balances
___ are the recovery of excess payments and are credited to the appropriation
that made the payment. Ans✓✓✓ Refunds
___ are trust funds credited with collections earmarked by law to carry out a cycle
of business-type operations. Ans✓✓✓ Trust revolving funds
___ are used to temporarily account for transactions that you know belong to the
Government but you cannot match to a specific receipt or expenditure account.
Ans✓✓✓ Clearing accounts
___ are were the Government does act as a true trustee. Ans✓✓✓ Deposit funds
___ as accountable individuals, are responsible for disbursing money only as
provided by vouchers duly certified by authorized certifying officers. Ans✓✓✓
Disbursing Officers
___ as the process of accumulating, measuring, analyzing, interpreting, and
reporting cost. ___ is a basic part of the financial management system in that it
supports and provides data to the budgetary and financial accounting functions
and, by itself, provides useful information for both internal and external users.
Ans✓✓✓ Managerial cost accounting
, ___ consist of receipt accounts for Federal fund receipts that laws have
earmarked for *specific* purposes Ans✓✓✓ Special Funds
___ consists of tangible assets classified as either Heritage Assets or
*Stewardship* Lang. Ans✓✓✓ Stewardship PP&E
___ do not expire. Ans✓✓✓ No-Year Appropriations
___ include all personnel, whether military or civilian, who are departmental
accountable officials (DAOs), certifying officers, and disbursing officers. Ans✓✓✓
Accountable Individuals
___ include the issuance of checks, disbursement of cash, or electronic transfer of
funds made to liquidate a Federal obligation. Ans✓✓✓ Outlays
___ is *land* and land rights other than that acquired for or in connection with
General PP&E, land acquired via the public domain, or land acquired at not cost.
Ans✓✓✓ Stewardship Land
___ is a petty cash fund in the form of currency or coin for specifically authorized
cash payments. The use of ___ for unclassified programs is not authorized in DoD
unless specific authority has been requested and granted by the Office of Deputy
CFO, OUSD (Comptroller). Ans✓✓✓ Imprest Fund
___ is an existing condition, situation, or set of circumstances involving
uncertainty as to possible gain or loss to an entity that will ultimately be resolved
when one or more future events occur or fail to occur. Ans✓✓✓ Contingency
___ account for the receipt and expenditure of monies by the Government for
carrying out specific purposes and programs with the terms of a statute that
designates the fund as a ___, or for carrying out the stipulations of an agreement
where the Nation is the beneficiary. Ans✓✓✓ Trust funds
___ are ___ accounts in which the balances are no longer available for incurring
new obligations because the time available for incurring such obligations has
expired Ans✓✓✓ Expired Appropriations / appropriation
___ are *one* fiscal year funds... Ans✓✓✓ Annual Appropriations
___ are amounts earned and collected from the selling of goods and services.
Ans✓✓✓ Reimbursements
___ are detailed instructions that can cross fiscal years. Ans✓✓✓ Project Orders
___ are DoD military members and civilian personnel who are designated in
writing and are not otherwise accountable under applicable law, who provides
source information, data, or service (such as a receiving official, a cardholder, or
an automated information system administrator) to a certifying or disbursing
officer in support of the payment process. Ans✓✓✓ Departmental Accountable
Officials
___ are Federal Government funds that have been paid, but for whatever reason,
have not yet been identified to a specific organization; therefore, they placed in a
suspense account. Ans✓✓✓ Undistributed disbursements
,___ are for routine work or services of a recurring nature usually within one fiscal
year. Ans✓✓✓ Economy Act Orders
___ are funds covered by basic laws that allow the Secretary of the Treasury to
pay without further enactment by Congress. Ans✓✓✓ Permanent (Indefinite)
Appropriations
___ are funds that are available for *more* than one fiscal year. Ans✓✓✓
Multiyear Appropriations
___ are legal reservations for which payments, or expenditures, will be made in
the future. Ans✓✓✓ Obligations
___ are PP&E that are unique for one or more of the following reasons: historical,
natural, cultural, educational significance; artistic importance; or significant
architectural characteristics. Ans✓✓✓ Hertiage Assets
___ are revolving funds that conduct business-type operations primarily within
and *between* Government agencies Ans✓✓✓ Intragovernmental funds
___ are revolving funds used for programs authorized by law to conduct a cycle of
business-type operations, primarily with the *public*, in which outlays generate
collections. Ans✓✓✓ Public enterprise funds
___ are the *greater* part of the budget and record receipts not earmarked by
law... Ans✓✓✓ General Funds
,___ are the cash payments made to liquidate an obligation. Ans✓✓✓
Expenditures
___ are the net amount of obligations in a given account for which payment has
not yet been made. Ans✓✓✓ Obligated Balances
___ are the recovery of excess payments and are credited to the appropriation
that made the payment. Ans✓✓✓ Refunds
___ are trust funds credited with collections earmarked by law to carry out a cycle
of business-type operations. Ans✓✓✓ Trust revolving funds
___ are used to temporarily account for transactions that you know belong to the
Government but you cannot match to a specific receipt or expenditure account.
Ans✓✓✓ Clearing accounts
___ are were the Government does act as a true trustee. Ans✓✓✓ Deposit funds
___ as accountable individuals, are responsible for disbursing money only as
provided by vouchers duly certified by authorized certifying officers. Ans✓✓✓
Disbursing Officers
___ as the process of accumulating, measuring, analyzing, interpreting, and
reporting cost. ___ is a basic part of the financial management system in that it
supports and provides data to the budgetary and financial accounting functions
and, by itself, provides useful information for both internal and external users.
Ans✓✓✓ Managerial cost accounting
, ___ consist of receipt accounts for Federal fund receipts that laws have
earmarked for *specific* purposes Ans✓✓✓ Special Funds
___ consists of tangible assets classified as either Heritage Assets or
*Stewardship* Lang. Ans✓✓✓ Stewardship PP&E
___ do not expire. Ans✓✓✓ No-Year Appropriations
___ include all personnel, whether military or civilian, who are departmental
accountable officials (DAOs), certifying officers, and disbursing officers. Ans✓✓✓
Accountable Individuals
___ include the issuance of checks, disbursement of cash, or electronic transfer of
funds made to liquidate a Federal obligation. Ans✓✓✓ Outlays
___ is *land* and land rights other than that acquired for or in connection with
General PP&E, land acquired via the public domain, or land acquired at not cost.
Ans✓✓✓ Stewardship Land
___ is a petty cash fund in the form of currency or coin for specifically authorized
cash payments. The use of ___ for unclassified programs is not authorized in DoD
unless specific authority has been requested and granted by the Office of Deputy
CFO, OUSD (Comptroller). Ans✓✓✓ Imprest Fund
___ is an existing condition, situation, or set of circumstances involving
uncertainty as to possible gain or loss to an entity that will ultimately be resolved
when one or more future events occur or fail to occur. Ans✓✓✓ Contingency
