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Intermediate Financial Management Systems questions with answers.
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Intermediate Financial Management Systems questions with answers.
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Intermediate Financial ManagementSystems questions with answers.
Which legislation makes the Director of the Office of Management and budget (OMB) responsible to
develop a process that analyzes, tracks, and evaluates the risks and results of all major capital
investments made by an executive agency for information systems? ANS - Clinger-Cohen Act (CCA)
The Department of Defense (DOD) has a compelling need for rapid business integration. It faces multiple
challenges which include all the following EXCEPT: ANS - Unwillingness of the staff to fast-track
business integration.
Which of these systems is the central function of the Core financial system? ANS - General Ledger
Management
Which of the following statements about the General Ledger function is NOT true ANS - All transactions
to record financial events MAY post to the general
In the future, the Financial Management (FM) community needs to focus on all the following choices
EXCEPT: ANS - Continuing to improve legacy systems after new systems are fielded.
A source journal is ___________________________ where business transactions are entered (also
known as a system of record). ANS - The initial system
Business process application controls consist of four categories. Which of the following is NOT one of the
them? ANS - Peripheral General Controls
Which of the following generally provides that Federal agencies must provide any person access to
Federal records or information upon written request, subject to three exclusions and nine exceptions?
ANS - Freedom of Information Act
In 2013, the Department of Defense financial environment was made up how many systems? ANS -
Over 300
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