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Exam (elaborations)

INTERMEDIATE FINANCIAL MANAGEMENT SYSTEMS QUESTIONS AND CORRECT ANSWERS

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INTERMEDIATE FINANCIAL MANAGEMENT SYSTEMS QUESTIONS AND CORRECT ANSWERS

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Institution
CGFO
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CGFO

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Uploaded on
November 28, 2025
Number of pages
2
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • intermediate financial management systems question

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INTERMEDIATE FINANCIAL
MANAGEMENT SYSTEMS
QUESTIONS AND CORRECT
ANSWERS
WhichA2legislationA2makesA2theA2DirectorA2ofA2theA2OfficeA2ofA2ManagementA2andA2budge
tA2(OMB)A2responsibleA2toA2developA2aA2processA2thatA2analyzes,A2tracks,A2andA2evaluate
sA2theA2risksA2andA2resultsA2ofA2allA2majorA2capitalA2investmentsA2madeA2byA2anA2executiv
eA2agencyA2forA2informationA2systems?A2-A2Ans--Clinger-CohenA2ActA2(CCA)

TheA2DepartmentA2ofA2DefenseA2(DOD)A2hasA2aA2compellingA2needA2forA2rapidA2business
A2integration.A2ItA2facesA2multipleA2challengesA2whichA2includeA2allA2theA2followingA2EXCE
PT:A2-A2Ans--UnwillingnessA2ofA2theA2staffA2toA2fast-trackA2businessA2integration.

WhichA2ofA2theseA2systemsA2isA2theA2centralA2functionA2ofA2theA2CoreA2financialA2system?
A2-A2Ans--GeneralA2LedgerA2Management


WhichA2ofA2theA2followingA2statementsA2aboutA2theA2GeneralA2LedgerA2functionA2isA2NOTA
2trueA2-A2Ans--
AllA2transactionsA2toA2recordA2financialA2eventsA2MAYA2postA2toA2theA2general

InA2theA2future,A2theA2FinancialA2ManagementA2(FM)A2communityA2needsA2toA2focusA2onA2
allA2theA2followingA2choicesA2EXCEPT:A2-A2Ans--
ContinuingA2toA2improveA2legacyA2systemsA2afterA2newA2systemsA2areA2fielded.

AA2sourceA2journalA2isA2___________________________A2whereA2businessA2transaction
sA2areA2enteredA2(alsoA2knownA2asA2aA2systemA2ofA2record).A2-A2Ans--TheA2initialA2system

BusinessA2processA2applicationA2controlsA2consistA2ofA2fourA2categories.A2WhichA2ofA2theA
2followingA2isA2NOTA2oneA2ofA2theA2them?A2-A2Ans--PeripheralA2GeneralA2Controls


WhichA2ofA2theA2followingA2generallyA2providesA2thatA2FederalA2agenciesA2mustA2provideA
2anyA2personA2accessA2toA2FederalA2recordsA2orA2informationA2uponA2writtenA2request,A2s
ubjectA2toA2threeA2exclusionsA2andA2nineA2exceptions?A2-A2Ans--
FreedomA2ofA2InformationA2Act

InA22013,A2theA2DepartmentA2ofA2DefenseA2financialA2environmentA2wasA2madeA2upA2how
A2manyA2systems?A2-A2Ans--OverA2300


TheA2______________________________ A2requiresA2theA2OfficeA2ofA2ManagementA2an
dA2BudgetA2(OMB)A2toA2issueA2guidelinesA2forA2FederalA2AgenciesA2toA2ensureA2"quality,A2
objectivity,A2integrityA2andA2utility"A2ofA2informationA2theyA2disseminateA2andA2administrati
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