100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CDFM - Module 3 Final Exam | Updated Questions With Answers 2024 Rated 100% $18.48   Add to cart

Exam (elaborations)

CDFM - Module 3 Final Exam | Updated Questions With Answers 2024 Rated 100%

 7 views  0 purchase
  • Course
  • CDFM - Certified Defense Financial Manager
  • Institution
  • CDFM - Certified Defense Financial Manager

CDFM - Module 3 Final Exam | Updated Questions With Answers 2024 Rated 100% • What are the three tests that must be met for use of the Necessary Expense doctrine? - Correct Answer Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relie...

[Show more]

Preview 4 out of 61  pages

  • September 24, 2024
  • 61
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • what ty
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
avatar-seller
SavvyMind
CDFM - Module 3 Final Exam | Updated Questions
With Answers 2024 Rated 100%


What are the three tests that must be met for use of the Necessary Expense

doctrine? - Correct 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? - Correct Answer The Defense Finance and Accounting

Service (*DFAS*)

(p. 3.1.51)



What type of Congressional resolution can be thought of as a temporary

appropriations act? - Correct Answer Continuing Resolution (*CR*)

(p. 3.1.41)



What agency apportions funds for a working capital fund? - Correct Answer The

Office of Management and Budget (*OMB*)

(p. 2.1.71)



What is the acronym for disbursing office identification numbers? - Correct Answer

Disbursing Station Symbol Numbers (*DSSN*)

(p. 3.2.30)

,What three primary types of officials are accountable Individuals in the DoD? -

Correct Answer Certifying Officers (*CO*),

Disbursing Officers (*DO*),

Departmental Accountable Officials (*DAO*)

(p. 2.2.21, 2.2.64)



What is the normal collection method for debts owed by active military members and

civilian employees who are still in service? - Correct Answer Salary Offset garnishing

(p. 3.2.38)



When collecting debts owed by vendors that have failed to properly respond to the

demand letters, what is the next step? - Correct Answer Do Not Pay List

(p. 3.2.40)



When in doubt about the proper use of an appropriation, what may the disbursing

officer request form the OSD General Counsel on the propriety of the prospective

payment? - Correct Answer An Advance Decision

(p. 3.2.12)



When a civilian employee moves from a job overseas to a job in the states, which

organization pays for the Permanent Duty Travel? - Correct Answer The "*losing*"

activity

(the *OCONUS* activity)

(p. 3.2.22)

,Name the supporting documents required in the DoD Payment Package? - Correct

Answer Contract

Invoice

Proof of Receipt

Acceptance Document

(p. 3.2.24)



Name two key forms that provide accountability and control by Disbursing Officers? -

Correct Answer Standard Form *1219*, Statement of Accountability (monthly)

DD Form *2657*, Daily Statement of Accountability

(p. 3.2.44)



What term is used to describe Federal Government funds that have been paid but

have not yet been identified to a specific organization? - Correct Answer

Undistributed Disbursement

(p. 3.3.39)



The aggregate amount of an entity's funds in the Treasury is in what account? -

Correct Answer Fund Balance with Treasury

(p. 3.3.39)



Which three Federal agencies established the FASAB? - Correct Answer The

Government Accountability Office (*GAO*),

the Department of Treasury, and

, the Office of Management and Budget (*OMB*)

(p. 3.3.13)



What is the Federal law that specifically required existing CFO agencies to have

financial statements that successfully pass a financial audit? - Correct Answer The

Government Management Reform Act of 1994

(p. 3.4.5)



Which standards generally apply to all Federal Government audits? - Correct Answer

GAO Standards or GAGAS

(p. 3.4.10)



What type of budgetary resources remains available for new obligations for more

than one fiscal year? - Correct Answer Multi-year authority

(p. 3.1.24)




How many hours of continuing professional education must an auditor complete

every 2 years? - Correct Answer 80 hours in 2 years

(p. 3.4.14)



What is the minimum number of hours that must be completed in any year of the 2-

year period? - Correct Answer 20 hours minimum each year

(p. 3.4.14)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SavvyMind. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $18.48. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$18.48
  • (0)
  Add to cart