Cdfm 31 - Study guides, Class notes & Summaries
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CDFM - Module 3 questions with complete solutions 2022/2023
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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...
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers
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CDFM 3.1 Fiscal Law Exam Questions with Correct Answers 
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 Construction is	years. - ANSWER	5 
 
The appropriation time line for Procurement (excluding Shi...
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS VERIFIED.
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS VERIFIED. 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the 
Anti Deficiency Act. - CORRECT ANSWER FALSE 
Agencies are responsible for maintaining a system of accounting and internal controls to 
avoid violations of the _________. - CORRECT ANSWER 31 USC 1341, 1342, and 
1517 (Anti-Deficiency Act) 
The appropriation time line for Military Construction is _______ years. - CORRECT 
ANSWER 5 
The appropria...
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CDFM Module 3.1 Fiscal Law
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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...
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CDFM 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified
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CDFM 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified
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CDFM MODULE 3 Exam (Latest 2023/ 2024 Update) Complete Exam with 400+ Real Questions and Verified Answers| 100% Correct| Guaranteed Grade A
- Exam (elaborations) • 112 pages • 2023
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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 ...
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
- Exam (elaborations) • 23 pages • 2024
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True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. - CORRECT ANSWER FALSE 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - CORRECT ANSWER 31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
The appropriation time line for Military Construction is _______ years. - CORRECT ANSWER 5 
The appropriation time line for Procurement (excluding Shipb...
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CDFM Training Module 1 Accurate questions & Answers!!
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CDFM Training Module 1 Accurate questions Options - ANSWER Which is NOT a remedy to avoid conflict in financial disclosure? 
 
Authorized by Defense Finance and Accounting Services (DFAS). - ANSWER Under section 1501(a) (1), an amount shall be recorded as an obligation of the United States Government only when supported by documentary evidence of EXCEPT: 
 
Pursuant to 31 U.S.C. 1342, agencies have broad discretion in determining operations which protect life and property, so that these operatio...
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CDFM Module 1 Complete Questions and Answers(RATED A)
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CDFM Module 1 Complete Questions and AnsConstitution Article 1 - ANSWER Legislative Branch 
-power of the purse 
-passes laws 
-raises taxes 
-borrow money 
-regulate commerce 
-conscript forces 
-declare war 
-raise monies 
 
Constitution Article II - ANSWER Executive Branch 
-execute/implement laws 
-authority to make decision regarding military resources 
 
Constitution Article III - ANSWER Judicial 
-supreme court and power courts 
-interprets law 
 
OMB Circular A-11 - ANSWER Preparation, S...
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CDFM Module 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified
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CDFM Module 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified
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