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Study Guide Defense Financial Management Certification questions with answers.
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Study Guide Defense Financial Management Certification questions with answers.
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Study Guide Defense FinancialManagement Certification questions
with answers.
What is the biennial process used to acquire, allocate, account for, and analyze personnel and financial
resources for the DoD? ANS -PPBS
What automated database summarizes all forces, resources, and equipment associated with programs
approved by the SECDEF? ANS -FYDP
What is the final document of the planning phase? ANS -DPG
Where does each DoD component submit programs to? ANS -Service-level POM
What does the POM include? ANS -Analysis of missions, objectives, alternative methods, and allocation
of resources
What is the Joint Program Assessment Memorandum (JPAM)? ANS -Risk assessment based on the
capability of the composite force level and support program fro the U.S. Armed Forces
What are Issue Books? ANS -One-page outlines of proposed major issues
What is Budget Development (final phase of the PPBS process)? ANS -The translation of programmatic
decision into resources in an appropriation format
What denotes the final output of the PPBS? ANS -Submission of the DoD budget to the President
What constitutes the largest amount of money the Federal Government receives to pay its bills? ANS -
Revenues generated from individual taxes
, What does the budget cycle include? ANS -Budget formulation, congressional action, budget execution,
and Review & Audit
What does the OMB Director's Review provide? ANS -An opportunity for the principal officials of OMB to
obtain an understanding of program aspirations and budget request, an analysis of significant issues,
relationship of budge requests, and the relationship of agency requests to planning targets
Who does the President submit his/her recommended budget to? ANS -Congress
What does Congressional action incude? ANS -Committee hearings, the First Concurrent Resolution,
Appeals to Congress, and then Senate action
What is the first step in budget execution? ANS -DoD requests an Apportionment from OMB
When may budgetary resources be deferred? ANS -When deemed appropriate by OMB
What is a Rescission? ANS -When authority to obligate funds is cancelled
What constitutes Monitorship? ANS -Administrative controls of funds, reporting of results, assessment
of applicability, and supply of financial information to DoD managers
Taking the Economy Act into account, when may DoD or miitary organizations do work for another
agency or organization? ANS -Provided that the order is in the best interest of the Government, the
agency to fill the order can provide or acquire the goods or services, and Funding is Available
What is reprogramming? ANS -Transfer of funds between program element or line items within an
appropriation
Who must approve reprogramming? ANS -DoD Comptroller (Approving Official)
What is Business Process Reengineering? ANS -An approach to dramatically imporve operating
effectiveness
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