Fiscal law exam Study guides, Class notes & Summaries
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CLG 001_ Fiscal Law Exam 2023/2024 version 2_ updated and answered GRADED A LATEST VERSION
- Exam (elaborations) • 13 pages • 2023
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CLG 001_ Fiscal Law Exam 2023/2024 version 2_ updated 
and answered GRADED A LATEST VERSION 
QUESTION 1 
1. Which of the following is a correct statement of Fiscal Law Philosophy: 
 If the law is silent as to whether a purchase can be made, it is 
probably safe to spend appropriated funds. 
 Expenditure of appropriated funds is proper only when authorized 
by Congress. 
 If the commander says buy it, don’t worry about Fiscal Law 
Regulations. 
 Absent a specific prohibition, expending approp...
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CLG 001_ Fiscal Law Exam 2023/2024 version 2_ updated and answered GRADED A LATEST VERSION
- Exam (elaborations) • 13 pages • 2023
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CLG 001_ Fiscal Law Exam 2023/2024 version 2_ updated 
and answered GRADED A LATEST VERSION 
QUESTION 1 
1. Which of the following is a correct statement of Fiscal Law Philosophy: 
 If the law is silent as to whether a purchase can be made, it is 
probably safe to spend appropriated funds. 
 Expenditure of appropriated funds is proper only when authorized 
by Congress. 
 If the commander says buy it, don’t worry about Fiscal Law 
Regulations. 
 Absent a specific prohibition, expending approp...
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers
- Exam (elaborations) • 14 pages • 2024
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CDFM 3.1 Fiscal Law Exam 
Questions with Correct 
Answers 
 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the 
Anti Deficiency Act. - ANSWER FALSE 
Agencies are responsible for maintaining a system of accounting and internal controls to 
avoid violations of the _________. - ANSWER 31 USC 1341, 1342, and 1517 
(Anti-Deficiency Act) 
The appropriation time line for Military Construction is _______ years. - ANSWER 
5 
The appropriation time line for Procurem...
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers
- Exam (elaborations) • 13 pages • 2023
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. - ANSWER FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - ANSWER 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
 
The appropriation time line for Military Construction is _______ years. - ANSWER 5 
 
The appropriation time line for ...
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CDFM All Modules FISCAL LAW Exam Questions and Answers
- Exam (elaborations) • 21 pages • 2024
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CDFM All Modules FISCAL LAW Exam Questions and Answers 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER	FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER	31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER	Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 
...
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Fiscal Law Exams 2 versions updated and answered fall 2022.
- Package deal • 2 items • 2022
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Fiscal Law Final Exam answered- spring 2022.
CLG 001_ Fiscal Law Exam version 2_ updated and answered.
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 21 pages • 2024
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Available in package deal
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER	FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER	31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER	Article 1 Section 8 clause 1, Article 1 Section 9 c...
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 21 pages • 2023
-
Available in package deal
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- $12.39
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 ...
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CLG 001_ Fiscal Law Exam 2023/2024 version 2_ updated and answered GRADED A LATEST VERSION
- Exam (elaborations) • 13 pages • 2023
-
- $17.99
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CLG 001_ Fiscal Law Exam 2023/2024 version 2_ updated 
and answered GRADED A LATEST VERSION
-
FISCAL LAW EXAM (100 out of 100) Questions and Answers Elaborations (GRADED A)
- Exam (elaborations) • 8 pages • 2023
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FISCAL LAW EXAM (100 out of 100) Questions and Answers Elaborations QUESTION 1 Whether or not there is an Antideficiency Act violation after application of the two-part corrections test, you must: Complete a formal investigation within 12 months and 2 weeks from the date the preliminary review ended. Place civilian personnel on administrative leave pending the outcome of the preliminary review. Try to deobligate the improper funds and obligate the proper funds. Investigate whether there was an A...
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