CDFM Module 1 BEST STUDYING
MATERIAL WITH VERIFIED ANSWERS
LATEST VERSION UPDATE 2024-2025 WITH
100+ QUESTIONS
How do agencies request apportionment from OMB after the appropriations bill is passed? -
ANSWERS-SF 132
Quartly reports of expenditures from agencies to OMB using what form?
- ANSWERS-SF 133
What is the hierarchy of laws managing funds?
- ANSWERS-31 USC 1514, OMB Circular A-123, DOD FMR Volume 14
What is the order of government financial activity?
- ANSWERS-1. Congress appropriates
2. OMB apportions
3. Agency allots, commits, obligates, outlays
Establishes the DOD policy and procedures of administrative controls?
- ANSWERS-DOD FMR 7000.14R
What authority allows you to make payments in advance of an appropriations act?
- ANSWERS-Entitlement authority (examples include social security, Medicare and
unemployment)
,Financial control document issues pursuant to law and is normally for the funding stated in an
appropriation bill?
- ANSWERS-Appropriations warrant
The budget formulation process is governed by?
- ANSWERS-OMB Circular A-11
Establishes the format for the budget and guidance for submitting budget estimates? -
ANSWERS-OMB Circular A-11
Contains a section on reporting on employment and personnel compensation. Rules for
calculating FTEs can be found here?
- ANSWERS-OMB Circular A-11
What requires individual federal managers to develop internal controls for results oriented
maangement?
- ANSWERS-OMB Circular A-123
What is a request in addition to amounts already appropriated?
- ANSWERS-Supplemental requests
What happens after the president signs the appropriations bill?
- ANSWERS-Budget execution begins, appropriations warrant submitted to treasury.
What is the guidance document for the Budget execution phase?
- ANSWERS-OMB A-11
, How is a bill number 100 in the senate and the house written?
- ANSWERS-S.100 and H.R.100
If congress doesn't notify the president within ____ days to release funds, the funds may be
deferred
. - ANSWERS-45 days
What form is used by certain senior officials and employees to disclose financial interests to the
executive branch?
- ANSWERS-SF 278
What form is used by less senior officials whos duties involve contracting, procurement, grants,
auditing, to file confidencial financial disclosure reports?
- ANSWERS-OGE form 450
What are some inherently government activities?
- ANSWERS-Monetary transactions, entitlements, criminal investigations, combat support,
prosecutions.
How can you deal with conflicts of interests?
- ANSWERS-1. Recusal
2. Waivers
3. Certificate of divestiture
4. Trusts
Genesis of US federal process can be traced to these events
- ANSWERS-Declaration of independence, Articles of Confederation, Constitution ratified by 9
states, constitution took effect.
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