Basic fiscal law - Study guides, Class notes & Summaries

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 of appropriated funds be found? Who is it published by?" - ANSWER- Principles of Federal Appropriations better known as the Red Book-- published by the GA...

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...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

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CDFM Fiscal Law Accurate 100% Purpose, Time, and Amount (PTA) - ANSWER *Federal appropriations law can be categorized into which three topical areas? DoD General Counsel - ANSWER *In the Department of Defense, final decisions of fiscal law questions are "officially" rendered by whom? Appropriations; Contract Authority; Borrowing Authority; Monetary Credits; Offsetting Collections and Receipts; Loan and Loan Guarantee Authority - ANSWER *What are the basic types of budget authority used ...

CDFM - Certified Defense Financial Manager 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 you to do. Constitutional Authority: Article 1, sec...

CDFM Module 3 Questions and Answers Already Passed 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 Collections and Receipts Loan and Loan Guarantee Au...

Management Analyst Exam Prep 90 Questions with Verified Answers Different authorities have conflicting views regarding delegation. However, there seems to be a general agreement that if chief executive A delegates a task to subordinate executive B, Executive B cannot in-turn delegate to junior executive C A. Within organizational policy, to prescribe the methods to be used in performing the task. B. Responsiblity for direct supervision of the task to be performed. C. The duty to insure t...

CDFM - Module 3 Questions & Answers Questions with 100% Correct Answers Federal appropriations law can be categorized into which three topical areas? - answerPurpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? - answerDoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? - answerAppropriations Contract Authority Borrowing Authority Monetary Credits Offsetti...

CDFM Module 3 Exam Questions with All Correct Answers Federal appropriations law can be categorized into which three topical areas? - ANSWER Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? - ANSWER DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? - Contract Authority Borrowing Authority Monetary Credits Offsetting Collections and Receipts Loan and...