Fin 515 - Study guides, Class notes & Summaries

Whether or not there is an Antideficiency Act violation after application of the two-part corrections test, you must: Complete a formal investigation within 12 months and 2 weeks from the date the preliminary review ended. Place civilian personnel on administrative leave pending the outcome of the preliminary review. Try to deobligate the improper funds and obligate the proper funds. Investigate whether there was an Antideficiency Act violation and establish/assign responsibility. 4 poi...

Peril - The cause of a loss Example of Peril - a collision hazard - a condition that increases the chance of loss Ex of physical hazard - A rainy condition, which increases the chance of an automobile accident, is an example of a: physical hazard - physical condition that increases the chance of loss Moral Hazard - Claiming a theft happened when it didn't to collect insurance proceeds is an example of a: moral hazard - dishonesty or character defects in an individual that increase the...

Comptrollers Fiscal Law & Accreditation Course Module I - Test Question 1 Due to increased operations in Afghanistan, the Army is running low on Hellfire missiles (air launch, antitank missile.) Having exhausted the Missile Procurement, Army appropriation, an enterprising comptroller recommends using funds from the Procurement of Ammunition, Army appropriation. His argument is that “missiles are a type of ammunition so we can use either.” Can the Army use the Procurement of Ammunition,...

Question 1.1. (TCO A) Double taxation is a drawback for which of the following types of business organization except? (Points : 5) S corporation C corporation Limited partnership correct answer Limited liability company Question 2.2. (TCO A) Sole proprietorships have all of the following advantages except (Points : 5) easy to set up. single taxation of income. limited liability. ownership and control are not separated. Correct answer ...

FIN 515: Final Exam SET 2 2023/2024(AUGUST-NOV QTR): WITH VERIFIED QUESTIONS AND ACCURATE ELABORATIONS. GRADED A+ Question 1.1. (TCO A) Double taxation is a drawback for which of the following types of business organization except? (Points : 5) S corporation C corporation Limited partnership correct answer Limited liability company

FIN 515 MIDTERM EXAM

FIN 515 WEEK 8 FINAL EXAM

Question 1 Due to increased operations in Afghanistan, the Army is running low on Hellfire missiles (air launch, antitank missile.) Having exhausted the Missile Procurement, Army appropriation, an enterprising comptroller recommends using funds from the Procurement of Ammunition, Army appropriation. His argument is that “missiles are a type of ammunition so we can use either.” Can the Army use the Procurement of Ammunition, Army appropriation? Yes. It is for the war effort so anything g...

FIN 515 MIDTERM EXAM GRADED A -2022

FIN 515 FINAL EXAM, 05 SETS