Become a CDFM: Certification Guide, Exam Details & Career Benefits

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CERTIFIED DEFENSE FINANCIAL MANAGER
(CDFM) EXAM LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100%
GUARANTEED TO PASS CONCEPTS(ALL WHAT
YOU NEED) LATEST EDITION 2024




What was the predecessor to the Constitution? -
.....ANSWER ...✔✔ Articles of Confederation


Where are Federal-Level laws enacted? - .....ANSWER
...✔✔ Congress


What Article, Section and Clause empowers Congress to
collect taxes - .....ANSWER ...✔✔ Article 1, Section 8,
Clause 1


What occurs when the President does not sign an
enrolled bull within 10 days? - .....ANSWER ...✔✔
Pocket Veto

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Which branch of government implements laws? -
.....ANSWER ...✔✔ Executive


Approximately what percent of federal spending is
discretionary? - .....ANSWER ...✔✔ 30%


How frequently does congress review the DoD budget
request? - .....ANSWER ...✔✔ Annually


Who attempts to resolve differences between the House
and Senate versions of a bill? - .....ANSWER ...✔✔
Conference Committee


Which agency issues direction for submitting budget
estimates? - .....ANSWER ...✔✔ OMB


What type of legislation provides an agency with
budget authority? - .....ANSWER ...✔✔ Appropriation
Acts


What term is used to describe a subdivision of an
apportionment? - .....ANSWER ...✔✔ Allotment

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What agency issues apportionments? - .....ANSWER
...✔✔ OMB


Which branch of government conducts hearings on the
effectiveness of government programs? - .....ANSWER
...✔✔ Legislative


In the federal budget process, who is responsible for
submitting budget estimates? - .....ANSWER ...✔✔
Agencies


What is the largest source of federal government tax
revenue? - .....ANSWER ...✔✔ Individual Income
Taxes


What are requests for funds in addition to amounts
already appropriated? - .....ANSWER ...✔✔
Supplemental


What financial control document is issued by the
Treasury Department following signature of the
Appropriations Act? - .....ANSWER ...✔✔
Appropriations Warrant

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What term describes a postponement in the use of
appropriated funds? - .....ANSWER ...✔✔ Deferral


What term describes a cancellation of appropriated
funds? - .....ANSWER ...✔✔ Rescission


After the DoD Appropriations Bill is signed into law,
what does DoD request from OMB? - .....ANSWER
...✔✔ Apportionment


A legal reservation of funds in known as what? -
.....ANSWER ...✔✔ Obligation


What term is used to identify a certification provided to
a KO from the comptroller authorizing Purpose, Time
and Amount? - .....ANSWER ...✔✔ Fiduciary
Certification


A fiduciary certification is the basis for what? -
.....ANSWER ...✔✔ Commitment


Define Budget Authority - .....ANSWER ...✔✔ Amount
of money available to an organization for obligation