BCF110 L7 1 Exam.

EXECUTION EXAM PART 1: Apportionment Here is your test result.The dots represent the choices you have made. The highlighted questions are the questions you have missed. Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. %DFNWR6WDWXVSDJH contains 22 Questions 1) Which of the following is NOT part of the apportionment process? 5HFRJQL]HKRZDGHIHQVH DFTXLVLWLRQSURJUDPUHFHLYHVEXGJHWDXWKRULWWKURXJKWKHDSSRUWLRQPHQWSURFHVV@ Authorization Allotment Apportionment Allocation 2) Which of the following statements is FALSE regarding rescissions? 5HFDOOWKHUXOHVIRUWKHXVH RIWKHGHIHUUDODQGUHVFLVVLRQSURYLVLRQVRIWKH%XGJHWDQG,PSRXQGPHQW&RQWURO$FWRI@ If Congress does nothing, the rescission is in force and the funds are cancelled Congress must pass a rescission bill within 45 days of continuous session after receipt of the rescission request A rescission is a permanent impoundment (i.e., cancellation) of funding If Congress does not pass a rescission bill, the President must release the funds for execution. 3) Obligation and expenditure plans: ,GHQWLIWKHSXUSRVHVDQGFRQWHQWVRIREOLJDWLRQSODQVDQG H[SHQGLWXUHSODQV@ Are prepared by the Program Management Offices Should always be coordinated with the regional Defense Finance and Accounting Service (DFAS) office Should reflect the most optimistic schedule for executing funds Should include as many fourth-quarter obligations and expenditures as possible to minimize Page 1 of 6DAU 8/24/2018 the possibility of falling behind the execution plan 4) All of the following may occur for acquisition programs whose actual obligations and expenditures appear to be significantly lower than their planned levels EXCEPT: [Recognize when and how an acquisition program may be impacted by unfavorable execution of its obligation and expenditure plans.] Keep all or most of their funds by claiming that the variance is due to normal backlog at the government contracting officer Have some or all of their available funds reprogrammed in the year of execution to meet other needs Keep all or most of their funds if they can show that unusual problems are causing their actuals to appear lower than they really are Have their budget requests for future years adjusted by Component or OSD budget analysts 5) Which one of the following is FALSE concerning the Contract Funds Status Report (CFSR)? [Identify the purpose and contents of the Contract Funds Status Report (CFSR).] A CFSR is always required for contracts exceeding $1 million (constant FY 1990 dollars) in value A CFSR should not be required for a Firm Fixed Price contract that does not require special funding visibility Information on the CFSR can be used to determine whether additional funds are needed for the contract A CFSR should not be required for contracts less than 6 months in duration 6) An internal reprogramming action: [Recognize the various categories of reprogramming, including the approval authorities and the types of reprogramming actions covered by each category.] May be used to move funds to and from ``transfer accounts`` such as the Environmental Restoration, Army account Must be approved by Congress May be used to increase the appropriated amount of an RDT&E program element by $10 million or more May be used to redirect funds to a different purpose than authorized or appropriated by Congress