Cdfm module 31 - Study guides, Class notes & Summaries

CDFM Module 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified

CDFM MODULE 3 Exam (Latest 2023/ 2024 Update) Complete Exam with 400+ Real Questions and Verified Answers| 100% Correct| Guaranteed Grade A Q: When funds were provided to begin a program or project in the middle of a fiscal year, you need to what? Answer: annualize the funds to determine the current rate. Q: If $1 billian was provided in an R&D appropriation last year and $750 million was obligated as of the end of the prior fiscal year, the amount of the appropriation under the ...

CDFM - Module 3 questions with complete solutions 2022/2023What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources remains available for new obligatio...

CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST "Where can the most authoritative source of information on the proper use of appropriated funds be found? Who is it published by?" CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST "Where can the most authoritative source of information on the ...

CDFM Module 3.1 Fiscal Law questions and answers 100% verified. Basic Axiom of Fiscal Law (the premise of fiscal law) - correct answer. The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. Common Law - correct answer. Which law: There is no law that says you can't do it. Fiscal Law - correct answer. Which Law: You can only do what the law authorized ...

What is the basic axiom of Fiscal Law? - correct answer The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) "Where can the most authoritative source of information on the proper use of appropriated funds be found? Who is it published by?" - correct answer ...

CDFM Module 3.1 Fiscal Law Basic Axiom of Fiscal Law (the premise of fiscal law) The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. Common Law Which law: There is no law that says you can't do it. Fiscal Law Which Law: You can only do what the law authorized you to do. Constitutional Authority: Article 1, section 7,8,9 Provisions of the U.S Constitution that provid...

CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODU...

3 Groups that can be Indebted to the Government - Current military or civilian Former military or civilian Vendor 3.2.38 3 Types of Collections - Receipts - collections creditable to the Treasury Department Miscellaneous Receipt account as authorized by legislation (i.e. recycling) Reimbursements - amounts earned and collected for property sold or services furnished to the public or to another US Government agency. Reimbursement are shown as a positive amount on the DD Form 1...

CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024 CDFM MODULE 3.1 What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) "Where can the most authoritative source of information on the proper use...