Basic axiom of fiscal law - Study guides, Class notes & Summaries

s to the President and Congress and In cases where violations of fiscal law statutes occur, agencies must do what? - CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERSLATEST 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....

CDFM Fiscal Law Purpose, Time, and Amount (PTA) *Federal appropriations law can be categorized into which three topical areas? DoD General Counsel *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 *What are the basic types of budget authority used in the Federal Government? Th...

CDFM - Module 3 questions and answers graded A+. What are the three tests that must be met for use of the Necessary Expense doctrine? - ANS. 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? - ANS. The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of budgetary resources rema...

What is the basic axiom of fiscal law? 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. What is fiscal law? Fiscal Law is the body of law which governs the availability and use of public funds. What are the sources of fiscal law? The Constitution, Authorization Acts, Appropriation Acts, General Statutes, and CG Decisions & Courts What is the Constit...

CDFM Module 3 Exam Prep Questions & Answers 2023, Complete Solution, Over 350 Questions And Answers What 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 rem...

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 GAO. What act crea...

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 ...

CDFM - Module 3 Questions & Answers | 350 Questions with 100% Correct Answers | Verified 2023 | 43 Pages What are the three tests that must be met for use of the Necessary Expense doctrine? - Answer ️️ -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? - Answer ️️ -The Defense Finance and Accounting Service (*DFAS*) (p. 3.1....

What are the three tests that must be met for use of the Necessary Expense doctrine? - Answer 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? - Answer The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of budgetary resources remains available for new obligations for more than one fiscal year? - Answer Multi-...

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...