Exam (elaborations)
Unit 1. Introduction to Financial Management (A6F Vol 1) questions with answers.
- Course
- Institution
Unit 1. Introduction to Financial Management (A6F Vol 1) questions with answers.
[Show more]
Seller
Follow
Content preview
Unit 1. Introduction to FinancialManagement (A6F Vol 1) questions with
answers.
Who serves as the principal advisor to the secretary and Chief of Staff of the Air Force on all financial
matters? ANS - SAF/FM.
Name two of the four overall objectives of the financial management program. ANS - Any two of the
following:
(1) Translate strategic priorities into an executable future-year resource plan.
(2) Deliver credible, objective analysis enabling cost conscious decisions.
(3) Secure and employ resources to maximize Air Force capability- people, readiness, and
modernization.
(4) Timely, transparent, and complaint financial operations to support Airmen and Air Force capabilities.
Who advises SAF/FM on enlisted education, training, and assignment of FM personnel? ANS - The CFM
is responsible for advising the SAF/FM on utilization, education, and training and assignment of enlisted
members throughout USAF financial management.
What does the charter for the AFAFO include? ANS - Developing policy for and providing oversight of
operations at Air Force Financial Services (FMF) and Financial Management Offices, analysis of financial
operations, development of Air Force accounting and financial services directives, managing the banking
program on AF installations, as well as, the GTC and GPC programs, and operating the Financial
Management Quality Assurance Program to ensure effective internal controls are in place.
Provides financial management oversight and analysis of MWR programs and activities on base. ANS -
Nonappropriated Funds Financial Analysis.
Performs quality review inspections and ensures organization follows standard operating procedures.
ANS - Quality Assurance.
, Installs, configures, administers, and provides maintenance for all squadron computer systems and
equipment. ANS - Local Area Network Support.
Plans, develops, and presents budget and fund requirements for the installation. ANS - Financial
Analysis Office.
Provides customer service, support, and accounting liaison services as an integral part of base readiness.
ANS - Financial Services Flight.
What type of services does FMF provide? ANS - Pay and travel counter service for all personnel. This
service includes assistance with travel vouchers, separations, and retirements including submission of
travel claims to AFFSC.
What type of input does FMA provide to the wing commander and comptroller? ANS - In regards to
planning, developing, and presenting budgeting and funding requirements for the installation.
Which office within the comptroller is responsible for the analysis of MWR programs? ANS -
Nonappropriated Funds Financial Analysis.
What type of transactions will the AFFSC process? ANS - Travel pay processing operations.
What are some base agencies that FMers coordinate issues with? ANS - The housing office, MPS, and
civilian pay.
When was the CoE opened? ANS - April 2006.
What does the specialized financial analysis for decision support allow their customers to do? ANS -
Allows Air Force leadership at all levels to clearly understand the financial impact of decision alternatives
and make fully defendable resource decisions.
Who does DFAS-IN support? ANS - The assistant comptroller for finance.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Professorkaylee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. 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