Study Guide Defense Financial Management
Certification Exam Questions With Verified
Answers.
What is the biennial process used to acquire, allocate, account for, and analyze personnel and
financial resources for the DoD? - answer✔PPBS
What automated database summarizes all forces, resources, and equipment associated with
programs approved by the SECDEF? - answer✔FYDP
What is the final document of the planning phase? - answer✔DPG
Where does each DoD component submit programs to? - answer✔Service-level POM
What does the POM include? - answer✔Analysis of missions, objectives, alternative methods,
and allocation of resources
What is the Joint Program Assessment Memorandum (JPAM)? - answer✔Risk assessment based
on the capability of the composite force level and support program fro the U.S. Armed Forces
What are Issue Books? - answer✔One-page outlines of proposed major issues
What is Budget Development (final phase of the PPBS process)? - answer✔The translation of
programmatic decision into resources in an appropriation format
What denotes the final output of the PPBS? - answer✔Submission of the DoD budget to the
President
What constitutes the largest amount of money the Federal Government receives to pay its bills? -
answer✔Revenues generated from individual taxes
What does the budget cycle include? - answer✔Budget formulation, congressional action, budget
execution, and Review & Audit
What does the OMB Director's Review provide? - answer✔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? - answer✔Congress
What does Congressional action incude? - answer✔Committee hearings, the First Concurrent
Resolution, Appeals to Congress, and then Senate action
What is the first step in budget execution? - answer✔DoD requests an Apportionment from
OMB
When may budgetary resources be deferred? - answer✔When deemed appropriate by OMB
What is a Rescission? - answer✔When authority to obligate funds is cancelled
What constitutes Monitorship? - answer✔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? - answer✔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? - answer✔Transfer of funds between program element or line items
within an appropriation
Who must approve reprogramming? - answer✔DoD Comptroller (Approving Official)
What is Business Process Reengineering? - answer✔An approach to dramatically imporve
operating effectiveness
What does Process Reengineering focus on? - answer✔Process of producing the Output, rather
than on the restructuring of organiations
How does reengineering help out the DoD? - answer✔Reengineering makes the DoD's business
practices more simple, more efficient, and less prone to error
The reengineering team should be composed of fewer than how many players? - answer✔10
What is Benchmarking? - answer✔The Process of measuring performance against best in class
organizations and adapting those organizations' best practices
Under the 1993 Government Performance and Results Act (FPRA), all expenditures must be tied
to what? - answer✔Annual performance goals and objectives
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