CDFM A - Study guides, Class notes & Summaries

What is an affordability assessment? -ANSWER An assessment of the degree to which the life cycle cost of an acquisition program is in consonance with the long-range modernization, force structure, and manpower plans of the individual DoD components, and the department as a whole. Affordability assessments are typically conducted: -ANSWER By resource Analysts in the DoD Component Headquarters of supporting organization. For MDAS and MIAS, Affordability Assessments are required at: -ANSWER M...

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8 pages

Written in 2022/2023

Grade A+

papersbyjol

CDFM-A Module 4 - Chapter 3 Questions With 100% Correct Answers.

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7 pages

Written in 2023/2024

Grade A+

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Cdfm Module 1 Resource Management Environment Exam (2026–2027) | Certified Defense Financial Manager (Cdfm) Practice Questions & Verified Answers | Comprehensive Study Guide | Exam Prep Pdf

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29 pages

Written in 2025/2026

Grade A+

academicVAULT

CDFM Module 2 Exam Questions with Verified Solutions Latest Version 2026 Already Passed

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50 pages

Written in 2025/2026

Grade A+

LeeErickson

CDFM Module 2 Exam Questions with Verified Solutions 2026

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25 pages

Written in 2025/2026

Grade A+

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CDFM Module 2 Exam Guide 2025 – Key Questions, Answers & Study Resources

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5 pages

Written in 2025/2026

Grade A+

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CDFM MODULE 1 Exam Questions and Answers True Pass A.

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34 pages

Written in 2025/2026

Grade A+

LeeErickson

Certified Defense Financial Manager (CDFM) Tests Bundle Set

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46 items

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Appendix A to A - 123 Ans Internal Control Over Financial Reporting Control Activities Examples Include: Ans 1) Separation of duties 2) Periodic password changes 3) Access to and accountability of resources 4) Restricting data access to essential personnel 5) Separate storage of cash and sensitive documents Control Environment Factors include: Ans 1) Integrity and ethical values of management/staff 2) Management's commitment to competence 3) The manner in which the agency delegate...

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8 pages

Written in 2024/2025

Grade A+

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Bona fide need - reminder Ans FY appropriation may only be obligated to meet bona fide need arising in FY need arose. Does not apply to no-year, just multi/annual Can cost estimates be used if historical value is unknown? Ans Yes - deemed cost Define PP&E Ans Asset with two years or more useful life Not intended for sale Tangible Cap thresholds established by each department Intended to be used or available for use by entity Describe a deposit fund Ans Not included in the bu...

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24 pages

Written in 2024/2025

Grade A+

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____ is no longer available for adjustments or payments. Any adjustments will be charged to current same appropriation (1% max). Ans Cancelled ____ is the probable or potentially adverse effects from inadequate management controls that may result in the loss of Government resources or cause an agency to fail to accomplish significant mission objectives through fraud, error, or mismanagement. Ans Risk _____ is the shift from one purpose or activity to another within different appropriations...

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23 pages

Written in 2024/2025

Grade A+

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CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 questions and answers latest top score CDFM Module 1 ...

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14 pages

Written in 2024/2025

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AcademicsExcellence

** Appropriateness refers to Ans the quality of evidence (relevance, validity and reliability) ** GAGAS requires auditors to prepare written or electronic audits reports that Ans Comply with standards for form, content and distribution. ** Key function of the DoD IG Ans Conducts, supervises, monitors and initiates audits and investigations related to DoD programs and operations **An Audit Review of Internal Control can be useful in what regards Ans It is useful in designing the nature, ...

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11 pages

Written in 2024/2025

Grade A+

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3.1.11 The ____ is the basic authority for the use of public monies? Ans US Constitution 3.1.12 ______ conveys the responsibility of PHYSICAL CONTROL of the monies entrusted to the care of an accountable official of the Government. Ans Pecuniary 3.1.12 Are there relief for a Pecuniary Certifier who losses case or miscertification when certain conditions are met? Ans Yes 3.1.12 Disbursing officers, cashiers, and collecting officers are examples of what type of certifier? Ans Pecuniary Ce...

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20 pages

Written in 2024/2025

Grade A+

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CDFM Module 2.2 Questions with verified answers

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39 pages

Written in 2024/2025

Grade A+

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_______________ must grant relief is __________________ determines that relief is appropriate given the criteria specified in these two sections of the US Code (31 USC 3527 and 3528). Ans CG; SecDef __________________ is one of the few agencies having authority to accept and keep gifts in what two situations? Ans DoD 1. First, DoD may accept contributions of money or real property from any person, foreign Government, or international organization. The proceeds from the sale of property are c...

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15 pages

Written in 2024/2025

Grade A+

cracker

___ ___ is the amount by which the Government's budget outlays exceed its budget receipts for any given period. Ans Budget Deficit ___ ____ is spending that is controlled by laws other than appropriations acts (including spending for entitlement programs and spending for the food stamp program). Ans Mandatory Spending ____ ____ are estimates transmitted to Congress that amend (revise) budget estimates transmitted previously and on which Congress has not completed action. Ans Budget Amen...

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29 pages

Written in 2024/2025

Grade A+

cracker

Can an auditor claim cost savings if their recommendation leads to reduction of approved program? Ans Yes do auditors verify computer based data is accurate? Ans Yes - they should obtain evidence that it is accurate. Often done by performing physical inventory. Indepdent verification necessary regardless of whether date are provided to aduditors or if auditors extract them ^^ will be scenario trust but verify is common theme here (3.4.26) do performance audit objectives differ based ...

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18 pages

Written in 2024/2025

Grade A+

cracker

1921 Budget and Accounting Act Ans established GAO to audit the Executive Branch, established OMB, and required the President to submit an National annual budget. GAO was given the authority to approve financial systems and to establish GAAP for the Federal Government 1949 Federal Property and Administrative Services Act Ans established the GSA 1950 Accounting and Auditing Procedures Act Ans required apportionment and allocation systems, expanded anti-deficiency to require reporting, manda...

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5 pages

Written in 2024/2025

Grade A+

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After the DoD Appropriation Bill is signed into law, what does DoD request from OMB? Ans Apportionment An administrative reservation of funds is known as what? Ans Commitment Approximately what percent of total federal spending is discretionary spending? Ans 30% Article 1, Section 8, Clause 1, of the US Constitution empowers which branch of the federal government to collect taxes? Ans The Legislative Branch For what program is the full scope of management responsibility defined in Do...

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7 pages

Written in 2024/2025

Grade A+

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1. Allows leasing out of non excess real and personal property 2. Proceeds must represent fair market value 3. Accepts in-kind proceeds: construction of new facilities, provision of facilities, facilities operation support, maintenance, repair, improvement or restoration Ans Out-Lease and Easements Title 10, USC 2667 1. Allows retention of proceeds from the sale of excess non-base realignment and closure real property. 2. Proceeds are available for facility maintenance and repair or for en...

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10 pages

Written in 2024/2025

Grade A+

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- a Capstone document that addresses current and future threats to a defined U.S. warfighting capability - a system-specific threat assessment for programs subject to Defense Acquisition Board review Ans What form can DIA-validated threat assessments for Major Defense Acquisition Programs take? - Acquisition of Services Planning (requirements development, acquisition planning, solicitation and contract award, risk management, contract tracking and oversight, performance evaluation) - Review...

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56 pages

Written in 2024/2025

Grade A+

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