Cdfm 31 fiscal - Study guides, Class notes & Summaries
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CDFM Module 3.1 Fiscal Law questions and answers 100% verified.
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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 ...
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
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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 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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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 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 ...
And that's how you make extra money
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CDFM 3.1 Fiscal Law
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CDFM 3.1 Fiscal Law 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. 
FALSE 
 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. 
31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
 
 
The appropriation time line for Military Construction is _______ years. 
5 
 
 
The appropriation time line for Procurement (excluding Shipbuilding and Conversion, Navy) is _...
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CDFM ALL MODULES FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
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CDFM ALL MODULES FISCAL LAW 2024 
QUESTIONS AND ANSWERS PASSED AND VERIFIED. 
T/F? 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 
ADA 
The 2 provisions of the US Constitution that provide the underpinning for the budget 
process are? - CORRECT ANSWER Article 1...
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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
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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...
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CDFM All Modules FISCAL LAW Exam Questions and Answers
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CDFM All Modules FISCAL LAW Exam Questions and Answers 
T/F? 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 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER	Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 
...
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS 
T/F? 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 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER	Article 1 Section 8 clause 1, Article 1 Section 9 c...
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