- Study guides, Class notes & Summaries

31 Usc 1301 Ans Purpose 31 Usc 1341 Ans Obligating Or Expending In Advance Or In Excess Of The Appropriation 31 Usc 1341, 1342, 1517 Ans Amount 31 Usc 1342 Ans An Officer Or Employee Of Govt May Not Accept Voluntary Services For Either Govt Or Employ Personal Services Exceeding That Authorized By Law Except Emergencies Involving Safety Of Human Life Or Protection Of Property 31 Usc 1502 Ans Time 31 Usc 1553 Requires That Approval Be Sought From The Head Of The Agency If Obligation...

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11 pages

Written in 2024/2025

Grade A+

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Ans Appropriation Life Cycle Table Ans KEY OFFICIALS AND ORGANIZATIONS OF PPBE Ans Table 2.1.4 Recording Refunds Received -ADVISE the SECDEF on all PPBE matters -Function as a JOINT WARFIGHTER ADVOCATE in all PPBE phases -PRIORITIZE Requirements within warfare capability areas Ans Subject to the authority of the President and SECDEF, the Chairman of the JCS shall, with regard to financial management responsibilities: -Government may NOT use funds previously obligated on terminate...

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55 pages

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"Exclusively for" language in an appropriation connotes Ans both a floor and a ceiling, and the rules of each apply to this type of earmark. "Not less than" language in an appropriation connotes a Ans legal minimum to be spent on a particular program, project, or item. In a minimum, monies available in the general appropriation may be transferred into the earmarked line, but any funds not needed in the earmark may not be transferred into the general appropriation. Also known as a ...

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21 pages

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Grade A+

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(10) Objectives of the Defense Strategic Guidance Ans Counter terrorism and irregular warfare Deter and defeat aggression Project power despite anti-access challenges Counter WMD's Operate efficiently in cyberspace and space Maintain a safe, effective nuclear deterrent Defend homeland and support to civil authorities Provide a stabilizing presence Conduct stability and counterinsurgency ops Conduct humanitarian, disaster relief and other ops (11) FYDP Major Force Programs Ans Stra...

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20 pages

Written in 2024/2025

Grade A+

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CDFM Fiscal Law questions with verified answers.

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11 pages

Written in 2024/2025

Grade A+

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"...only those funds required for work in a given fiscal year shall be included in the RDT&E Budget request for that fiscal year for most classes of effort." Ans Incremental Funding Policy "Skewed" Distribution Ans Data that does not fit neatly into the standard distribution model. (True/False) The government may NOT use funds previously obligated on terminated contract if those funds are expired or cancelled. Ans True 1) Create a Reengineering Framework Ans The purpose of t...

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53 pages

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10 days Ans Obligations must be recorded no later than ______ following the day that an obligation is recorded. Obligations of 100,000 must be recorded in the same month. 12 Months Ans Fund holders may split obligations between fiscal yrs that the contract covers provided that the contract does not exceed ____. 3 years Ans The statue of limitations for settling account of an accoutable officer is ____ after agency accoutns are substantially complete. Aftrer this period the account is settl...

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14 pages

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Grade A+

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Agencies must: Ans annually, agencies must develop a risk profile coordinated with their annual strategic reviews and also provide assurances on internal control effectiveness in their Agency Financial Report (AFR) or Performance & Accountability Report (PAR) due Nov 15th Business process applications controls Ans are directly related to individual computerized applications. They help ensure that transactions are complete, accurate, valid, confidential, & available Control Deficiency Ans e...

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10 pages

Written in 2024/2025

Grade A+

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CDFM Mod 1 Fiscal Law questions with verified answers

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5 pages

Written in 2024/2025

Grade A+

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___ will be held personally liable for any erroneous payments resulting from their miscertification, from the second the erroneous payment was made. Ans Certifying Officers ____ shall be applied only to the objects for which the appropriations were made except as otherwise provided by law. Ans Appropriations _____ applies to the following situations: Change in quantity; change in mission; change in time period; change in controllable (warranty) Ans Change in Scope _____ are services for...

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27 pages

Written in 2024/2025

Grade A+

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CDFM Module 2 questions with verified answer1.

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7 pages

Written in 2024/2025

Grade A+

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CDFM Module 1 material questions with verified answers.

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20 pages

Written in 2024/2025

Grade A+

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1921 Budget and Accounting Act did what? Ans 1 Established the GAO to audit the Executive Branch. 2 Established the Bureau of the Budget (now OMB) 3 Required President to submit a comprehensive national budget. A check is determined to be undeliverable if Ans after 60 days from the date of issue, has been impossible to deliver A check that gets mutilated is known as Ans Spoiled Check A collection and processing service provided by a financial institution that accelerates the flow of f...

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30 pages

Written in 2024/2025

Grade A+

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A AoA is required for what type of acquisition programs? Ans ACAT 1 and ACAT 1A A contractors WBS looks like a company organization chart, however it includes the _____ and _____ that constitute the program rather than the organization Ans product and services A life cycle cost estimate is prepared in ______ year dollars which are tied to a specific base fiscal year Ans constant A MIPR can be used internally as a: Ans Direct citation, reimbursable order, project order, economy act order...

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77 pages

Written in 2024/2025

Grade A+

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CDFM Training Module 1 questions with verified answers

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10 pages

Written in 2024/2025

Grade A+

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CDFM LAWS questions with verified answers.

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4 pages

Written in 2024/2025

Grade A+

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CDFM, Module 1.4 Management's Responsibility for Internal Control questions with verified answers

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12 pages

Written in 2024/2025

Grade A+

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________ are funds that conduct business-type operations primarily between government agencies. The budget records the collections and outlays in the same account. Ans Intra-Governmental Funds ________ are the recovery of excess payments and are credited to _________. Ans Refunds; the appropriation that made the payment ________ is a technique that allocates the cost of an item as an operating expense over the period for which the asset is expected to provide benefits. Ans Depreciating ...

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16 pages

Written in 2024/2025

Grade A+

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CDFM Module 2 questions with verified answers

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8 pages

Written in 2024/2025

Grade A+

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CDFM All Modules FISCAL LAW questions with verified answers.

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11 pages

Written in 2024/2025

Grade A+

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