Intermediate Financial Management
Systems Exam Questions and Answers
Graded A+
Which legislation makes the Director of the Office of Management and budget
(OMB) responsible to develop a process that analyzes, tracks, and evaluates the
risks and results of all major capital investments made by an executive agency for
information systems? - Correct answer-Clinger-Cohen Act (CCA)
The Department of Defense (DOD) has a compelling need for rapid business
integration. It faces multiple challenges which include all the following EXCEPT: -
Correct answer-Unwillingness of the staff to fast-track business integration.
Which of these systems is the central function of the Core financial system? -
Correct answer-General Ledger Management
Which of the following statements about the General Ledger function is NOT true
- Correct answer-All transactions to record financial events MAY post to the
general
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
Systems Exam Questions and Answers
Graded A+
Which legislation makes the Director of the Office of Management and budget
(OMB) responsible to develop a process that analyzes, tracks, and evaluates the
risks and results of all major capital investments made by an executive agency for
information systems? - Correct answer-Clinger-Cohen Act (CCA)
The Department of Defense (DOD) has a compelling need for rapid business
integration. It faces multiple challenges which include all the following EXCEPT: -
Correct answer-Unwillingness of the staff to fast-track business integration.
Which of these systems is the central function of the Core financial system? -
Correct answer-General Ledger Management
Which of the following statements about the General Ledger function is NOT true
- Correct answer-All transactions to record financial events MAY post to the
general
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
