CDFM

This document contains exam-style questions and fully correct answers for CDFM Module 1, covering the foundational principles of defense financial management assessed in the first module. It is designed as a structured study resource to support concept mastery, targeted revision, and effective exam preparation.

CDFM MODULE 1 EXAM REAL EXAM 150 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS).pdf

CDFM MODULE 1 EXAM REAL EXAM 150 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS).pdf

What is the basic axiom of Fiscal Law? - ANSWER>>The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) "Where can the most authoritative source of information on the proper use of appropriated funds be found? Who is it published by?" - ANSWER>>Principles of Federal Appropriations better known as the Red Book-- published by the ...

What are the three tests that must be met for use of the Necessary Expense doctrine? - ANSWER>>Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? - ANSWER>>The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of budgetary resources remains available for new obligations for more than one fiscal year? ...

CDFM Module 2 Exam Questions And Answers, Complete Solution, (Verified) A line chart is called what? Frequency Polygon What acquisition process category(s) has an independent cost estimate performed (by CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate? ACAT 1 & ID PPBE Planning Phase provides information to who? SECDEF What are the 3 Quantifiable Benefits? (1) Cost Savings (2) Cost Avoidance (3) Productivity Improvement Who/Where are Integrated Priori...

CDFM Exam 3 Questions & Answers | 200 Questions with 100% Correct Answers | Verified | Who are determined to be accountable individuals for the DoD? Certifying & Disbursing Officers & DAOs If a contracting officer signs a contract in advance of an appropriation, what type of violation has occurred? ADA What are the 4 major functions in DoD Finance? Entitlements, Payments, Collections, Control of Public Funds What 3 primary types of officials are accountable individuals in the DoD? Ce...

CDFM Module 3 Exam Prep Questions & Answers, Complete Solution, Over 350 Questions And Answers What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources remains ...

CDFM - Module 3 Exam Study Questions & Answers, 180 Questions And Answers Federal appropriations law can be categorized into which three topical areas? Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? Appropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collections and Rec...

CDFM Module 4 Questions & Answers | with 100% Correct Answers | Verified | What is JCIDS (Joint Capabilities Integration and Development System)? assesses gaps in military joint warfighting capabilities and recommends solutions to resolve these gaps Defense Acquisition System Process by which DoD acquires weapon systems and automated information systems What document provides entry into Milestone A the the Defense Acquisition System? Materiel Development Decision What are the two step...

CDFM Module 1Exam Study Questions & Answers, Complete Solution *How many branches of Government did the Constitution establish? Three - Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch (Article III) *What was the predecessor to the Constitution? Articles of Confederation *Where are all Federal-level laws enacted? Congress *In which article of the Constitution is the power to raise taxes found? Article I *What occurs when Congress is not in session and...

CDFM Module 1 Study Questions (Over 450 Questions And Answers) | Questions with 100% Correct Answers | Verified What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch...

CDFM - Module 1 - Knowledge Check 2024 How many branches of Government did the Constitution establish? -ANS-Three What was the predecessor to the Constitution? -ANS-The Articles of the Confederation Where all federal-level laws enacted? -ANS-Congress In which article of the Constitution is the power to raise taxes found? -ANS-Article 1 What occurs when Congress is not in session and the President does not sign a properly - presented, enrolled bill within 10 days -ANS-pocket veto ...

CDFM Module 4 -2024 What are Joint Acquisition Programs? -ANS-Joint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint acquisition management? -ANS-The MDA decides whether to place programs under joint management and designates the lead executive DoD component. What law requires an analysis of pote...

CDFM - Module 3 What are the three tests that must be met for use of the Necessary Expense doctrine? -ANS-Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? -ANS-The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of budgetary resources remains available for new obligations for more than one fiscal year? -ANS-M...

CDFM - Module 2- 2024 A line chart is called what? -ANS-Frequency Polygon What acquisition process category(s) has an independent cost estimate performed (by CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate? -ANS-ACAT 1 & ID PPBE Planning Phase provides information to who? -ANS-SECDEF What are the 3 Quantifiable Benefits? -ANS-(1) Cost Savings (2) Cost Avoidance (3) Productivity Improvement Who/Where are Integrated Priority Lists submitted to? -AN...

CDFM MODULE 1 - 2024 What prevents Congress and the President from unilaterally making laws and treaties? -ANS-Separation of Power What give Congress the authority to make laws? -ANS-Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? -ANS-Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? -ANS-Congress (Legislative Branch) What does the Congress of the US consist of? -ANS-Senate (6 yrs); H...

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch) What does the Congress of th...

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch) What does the Congress of th...

Who are determined to be accountable individuals for the DoD? - Answer Certifying & Disbursing Officers & DAOs If a contracting officer signs a contract in advance of an appropriation, what type of violation has occurred? - Answer ADA What are the 4 major functions in DoD Finance? - Answer Entitlements, Payments, Collections, Control of Public Funds What 3 primary types of officials are accountable individuals in the DoD? - Answer Certifying & Disbursing Officers & DAOs When collecti...