Cdfm exam 3 exam actual - Study guides, Class notes & Summaries

CDFM - Module 3 Exam Questions & Answers | Latest Update | Verified & Updated| 19 pages What is the Budgetary Account formula? - Answer ️️ -Recourses = Status of Resources Source of Incoming Funds = Use/location of Funds Under the Prompt Pay Rules, when is Constructive Acceptance considered to take place? - Answer ️️ -when acceptance document has not been received in a timely manner (NLT 7 calendar days after receipt What are the 5 valid voucher requirements - Answer ️️ -(1) ...

CDFM 1.1 EXAM 2023-2024 / ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ How many branches of Government did the Constitution establish? - ANSWER- 3 (p 1.1.6) What was the predecessor to the Constitution? - ANSWER- The Articles of Confederation (p 1.1.5) Where are all Federal-level laws enacted? - ANSWER- Congress (p 1.1.7 / 1.1.9) In which article of the Constitution is the power to raise taxes found? - ANSWER- Article 1 (p...

CDFM 3.1 Fiscal Law EXAM 2023 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti-Deficiency Act. - ANSWER- FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - ANSWER- 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Cons...

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch) What does the Congress of th...

CDFM MODULE 3 EXAM REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance Any enforceable agreement between an agency and a business concern for the acquisition of pr...

CDFM - Module 3 Exam Study Questions & Answers, 180 Questions And Answers 2023/2024 Federal appropriations law can be categorized into which three topical areas? Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? Appropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collecti...

CDFM MODULE 3 EXAM REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3 The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance Any enforceable agreement between an agency and a business concern for the acquisition of...

CDFM - Module 3 Exam Study Questions & Answers, 180 Questions And Answers 2023/2024 Federal appropriations law can be categorized into which three topical areas? Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? Appropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collecti...

CDFM Module 3 Exam 2024 | CDFM Module 3 Actual Exam Update Latest 2024 Questions and Correct Answers Rated A+

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) GRADED A+ 1.No money shall be drawn from the Treasury, but in the Consequence of Appropriations made by law. - ANS-Article 1, Section 9 2.What give Congress the authority to make laws? - ANS-Article 1, Section 8 of the Constitution 3.The final step after the Conference Committee Resolution after a measure has been passed in identical form by both the House andSenate, it is considered to be what? - ANS-"...