Cdfm 31 fiscal - Study guides, Class notes & Summaries
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CDFM FISCAL LAW All Modules Q&A Verified 100%
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CDFM FISCAL LAW All 
Modules Q&A Verified 
100% 
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 
T/F...
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CDFM ALL MODULES FISCAL LAW 2024 QUESTIONS AND ANSWERS VERIFIED.
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CDFM ALL MODULES FISCAL LAW 2024 QUESTIONS AND ANSWERS 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 Section 8 ...
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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 ...
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CDFM Fiscal Law Module 3.1 Exam With Correct Solutions Graded A+
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3 Groups that can be Indebted to the Government - Current military or civilian 
Former military or civilian 
Vendor 3.2.38 
 
3 Types of Collections - Receipts - collections creditable to the Treasury Department Miscellaneous Receipt account as authorized by legislation (i.e. recycling) 
 
Reimbursements - amounts earned and collected for property sold or services furnished to the public or to another US Government agency. Reimbursement are shown as a positive amount on the DD Form 1...
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CDFM - Module 3 questions and answers latest top score.
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CDFM - Module 3 questions and answers latest top score. 
 
 
 
 
 
 
 
 
 
What are the three tests that must be met for use of the Necessary Expense doctrine? - correct 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? - correct answer. The Defense Finance and Accounting Service (*DFAS*) 
(p. 3.1.51) 
 
What type of budge...
And that's how you make extra money
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CDFM Module 3.1 Fiscal Law questions and answers 100% verified.
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____ is no longer available for adjustments or payments. Any adjustments will be charged to current same appropriation (1% max). - Cancelled 
 
____ is the probable or potentially adverse effects from inadequate management controls that may result in the loss of Government resources or cause an agency to fail to accomplish significant mission objectives through fraud, error, or mismanagement. - Risk 
 
_____ is the shift from one purpose or activity to another within differen...
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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 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 ...
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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 Module 3 Exam Prep Questions & Answers 2023, Complete Solution, Over 350 Questions And Answers
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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...
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