CDFM Training Module 1 questions with verified
answers
$18M increase in cumulative procurement costs Ans✓✓✓ Which of the following
types of reprogramming requests does NOT require congressional notification?
$2,000,000 Ans✓✓✓ What is the maximum dollar amount that operation and
maintenance (O&M) appropriations may be used to purchase unspecified minor
military construction?
1921 Budget and Accounting Act Ans✓✓✓ What federal law requires the
President to have executive oversight over all Agency budget proposals?
31 U.S.C. 1501 (a) The Obligation Statute Ans✓✓✓ Which of the following
statutes is NOT considered in establishing the Augmentation Concept?
5 Ans✓✓✓ How many standards are there in the GAO Standards of Internal
Control?
A schedule for correcting identified material weaknesses. Ans✓✓✓ The Federal
Managers' Financial Integrity Act (FMFIA) requires the head of each agency to
provide annual assurance statements that include:
A-123 Ans✓✓✓ Which OMB Circular focuses on the internal controls of a federal
agency?
Actual strength. Ans✓✓✓ The number of personnel in, or projected to be in, an
organization or account at a specific point in time is called:
, Advance payments are authorized to supplement partial payments on the same
contract. Ans✓✓✓ All of the following statements are true regarding advance
payments to a contractor EXCEPT:
An assessable unit should be a subdivision of an organization that ensures a
reasonable span of management control to allow for adequate control analysis.
Ans✓✓✓ Which statement about assessable units is true?
Analyze the task to be performed Ans✓✓✓ Which is the first step in establishing
a new employee development program?
Apportionment Ans✓✓✓ Which action of the Office of Management and Budget
(OMB) approves DoD amounts available for obligation?
Appropriations. Ans✓✓✓ Article 1, section 9, of the constitution requires that no
money be drawn from the Treasury, but in Consequence of:
Armed Services Ans✓✓✓ Which committee has primary oversight of DoD
activities and programs?
Authorized by Defense Finance and Accounting Services (DFAS). Ans✓✓✓ Under
section 1501(a) (1), an amount shall be recorded as an obligation of the United
States Government only when supported by documentary evidence of EXCEPT:
Be designed and operated to provide absolute assurance that specific objectives
enumerated in the Federal Managers' Financial Integrity Act are met. Ans✓✓✓
The DoD's Internal Control Program is required to do all of the following EXCEPT:
answers
$18M increase in cumulative procurement costs Ans✓✓✓ Which of the following
types of reprogramming requests does NOT require congressional notification?
$2,000,000 Ans✓✓✓ What is the maximum dollar amount that operation and
maintenance (O&M) appropriations may be used to purchase unspecified minor
military construction?
1921 Budget and Accounting Act Ans✓✓✓ What federal law requires the
President to have executive oversight over all Agency budget proposals?
31 U.S.C. 1501 (a) The Obligation Statute Ans✓✓✓ Which of the following
statutes is NOT considered in establishing the Augmentation Concept?
5 Ans✓✓✓ How many standards are there in the GAO Standards of Internal
Control?
A schedule for correcting identified material weaknesses. Ans✓✓✓ The Federal
Managers' Financial Integrity Act (FMFIA) requires the head of each agency to
provide annual assurance statements that include:
A-123 Ans✓✓✓ Which OMB Circular focuses on the internal controls of a federal
agency?
Actual strength. Ans✓✓✓ The number of personnel in, or projected to be in, an
organization or account at a specific point in time is called:
, Advance payments are authorized to supplement partial payments on the same
contract. Ans✓✓✓ All of the following statements are true regarding advance
payments to a contractor EXCEPT:
An assessable unit should be a subdivision of an organization that ensures a
reasonable span of management control to allow for adequate control analysis.
Ans✓✓✓ Which statement about assessable units is true?
Analyze the task to be performed Ans✓✓✓ Which is the first step in establishing
a new employee development program?
Apportionment Ans✓✓✓ Which action of the Office of Management and Budget
(OMB) approves DoD amounts available for obligation?
Appropriations. Ans✓✓✓ Article 1, section 9, of the constitution requires that no
money be drawn from the Treasury, but in Consequence of:
Armed Services Ans✓✓✓ Which committee has primary oversight of DoD
activities and programs?
Authorized by Defense Finance and Accounting Services (DFAS). Ans✓✓✓ Under
section 1501(a) (1), an amount shall be recorded as an obligation of the United
States Government only when supported by documentary evidence of EXCEPT:
Be designed and operated to provide absolute assurance that specific objectives
enumerated in the Federal Managers' Financial Integrity Act are met. Ans✓✓✓
The DoD's Internal Control Program is required to do all of the following EXCEPT:
