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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 $27.99   Add to cart

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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

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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

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  • August 27, 2024
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  • CERTIFIED DEFENSE FINANCIAL MANAGER
  • CERTIFIED DEFENSE FINANCIAL MANAGER

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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


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


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


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


Define Outlays - ANSWER-Funds that have actually been moved from the
Federal Treasury


Monitoring requirements in budget execution involves: - ANSWER-1.
Administrative control of funds

, 2. Reporting results
3. Assessment of applicability of results
4. Supply of financial info to DoD managers


Who conducts both financial and program audits to ensure the integrity of
programs? - ANSWER-Government Accountability Office (GAO)


The Government Performance and Results Act requires budget formulation be
based on what? - ANSWER-Performance planning/reporting


The 1921 Budget and Accounting Act was was responsible for the creation of
what? - ANSWER-OMB, GAO and the Comptroller General


What Act requires the President to submit an annual budget proposal to
Congress? - ANSWER-1921 Budget and Accountability Act


What act established sequestration? - ANSWER-1985 Balanced Budget and
Emergency Deficit Act


What Act established the pay-as-you-go (PAYGO) for entitlements - ANSWER-
1990 Budget Enforcement Act


What are the 1985 and 1987 Balanced Budget Acts ofter referred to as? -
ANSWER-Gramm-Rudman-Hollings Acts


GPRA requires what three things? - ANSWER-Strategic Planning
Performance Planning and Goal Setting
Performance Reporting

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