Cdfm 31 fiscal law exam - Study guides, Class notes & Summaries

CDFM All Modules FISCAL LAW EXAM 2024 True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. ANS-FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. ANS-31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. ANS-5 The appropriation time line for Procurement (excluding Shipbuilding and Con...

CDFM All Modules FISCAL LAW EXAM 2024 True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. ANS-FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. ANS-31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) The appropriation time line for Military Construction is _______ years. ANS-5 The appropriation time line for Procurement (excluding Shipbuilding and Con...

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch) What does the Congress of th...

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, Ar...

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...

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 (AntiDeficiency Act) The appropriation time line for Military Construction is _______ years. - ANSWER 5 The appropriation time line for Procurement...

CDFM Module 3 Fiscal Law 2023 Exam Questions and Answers You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on two pieces of equipment that he personally would like to see purchased for use in the common break area of the legal office. He wants to use appropriated funds to buy a refrigerator and a microwave. His rationale is that employees (both military and civilian) need a place to store and prepare food they bring in from home. You respond by t...

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...

CDFM Exam 3 Questions & Answers | 200 Questions with 100% Correct Answers | Verified 2023 | Who are determined to be accountable individuals for the DoD? Certifying & Disbursing Officers & DAOs If a contracting officer signs a contract in advance of an appropriation, what type of violation has occurred? ADA What are the 4 major functions in DoD Finance? Entitlements, Payments, Collections, Control of Public Funds What 3 primary types of officials are accountable individuals in the DoD?...

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch) What does the Congress of th...