Cdfm 31 fiscal - Study guides, Class notes & Summaries
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CDFM 3.1 Fiscal Law EXAM 2023 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+
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CDFM 3.1 Fiscal Law EXAM 2023 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ 
 
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 Cons...
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CDFM Module 3.1 Questions and Answers Rated A
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CDFM Module 3.1 Questions and Answers Rated A Fiscal Law is based on the premise that Appropriations are only available for obligation and expenditure when specifically approved by the Congress, not that we can use appropriations unless specifically prohibited by Congress. 
GAO Principles of Federal Appropriation Law (The Redbook) The most authoritative source of information on the proper use of appropriated funds. 
Budget and Accounting Act of 1921 Required the President to submit an annual bud...
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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 Procurem...
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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
- Exam (elaborations) • 61 pages • 2023
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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 
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...
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CDFM 3.1 FISCAL LAW QUESTIONS AND ANSWERS
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CDFM 3.1 FISCAL LAW QUESTIONS AND ANSWERS
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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
- Exam (elaborations) • 61 pages • 2023
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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 
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...
-
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
- Exam (elaborations) • 57 pages • 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
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CDFM All Modules FISCAL LAW 
T/F? 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 ADA 
 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? 
Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 
 
 
T/F? Article 2 section 8 empowers Congress ...
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CDFM Exam Questions And Answers Latest 2023/2024 | Graded A+
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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-...
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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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