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SCMOC Fiscal Part 1 Questions And Answers Rated A+
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SCMOC Fiscal Part 1 Questions And Answers Rated A+
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SCMOC Fiscal Part 1 Questions And Answers RatedA+
purpose of financial management ANS properly execute the legal and administrative
responsibilities of funds
Defense Finance and Accounting Service (DFAS) ANS official accounting firm of the DOD
two things needed IOT have any of the fiscal roles/responsibilities ANS 1. appointment letter
signed by CO
2. DD577
(also note that NAVMC 11869 DOA is part of the financial process)
Comptroller ANS special staff officer to MSC CG
provides guidance and direction concerning financial matters to the CG
maintains budget plans and program schedules for the MSC
Commander ANS responsible for the administration of all authorizations of funds formally
granted through a budget
-can delegate in whole or part within the command
-often delegates this responsibility to SupO
Fiscal/Budget and Accounting Officer ANS provides financial guidance to the commander
tracks all activities/programs that financially impact the unit
performs budget formulation, execution, and review
ensures proper use of appropriations by purpose, time and amount
Supply Resource Manager ANS executes budget in accordance with financial plan
maintains fiscal records and source documents'
reconciles NULO's, UMD's, ULO's, and OTO's
, records account transactions in SABRS
Certifying Officer ANS attests to the correctness of statements, facts, accounts, and amounts
certifies and forwards payment vouchers to disbursing
Supply AIS Administrator ANS maintains control of access to financial systems
maintains financial system access requests
accountability ANS obligation imposed by law for individuals to keep accurate record of
property, documents, or funds
accountable officer ANS officer detailed to duty involving pecuniary responsibility for
government property and funds in that individual's custody. The CO.
bona fide need ANS a fiscal need to buy supplies or services in the current FY that doesn't
constitute fraud, waste, or abuse
budget ANS a plan of financial operations showing in dollars the estimated funds needed to carry
out the mission over a period of time
flow of funds ANS 1. HQMC
2. MARFOR (MRI/ARI)
3. MEF (SRI)
4. MSC (WCI)
5. Reg/Bn (BEA)
6. Co/Btry (BESA)
Non-Appropriated Funds ANS funds other than those appropriated by Congress established for
the welfare, comfort, and/or recreation of military and civilian authorities (USMC clubs, MCX, FRO
funds, MWR, etc)
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