Cdfm module 13 - Study guides, Class notes & Summaries

CDFM Module 2|Complete AND Graded A+!!!!! What are the OSD Decision Making Forums? 3 star program review Deputy Management Action Group (DMAG) Secretary of Defense Large & Small Groups What law identifies the Chairman Joint Chiefs of Staff as senior ranking member of the Armed Services Goldwater Nichols DoD Reorganization Act 1986 The military operational chain of command runs from the President to whom The Secretary of Defense to the Combatent Commanders The Commanders of 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 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...

Enterprise Risk Management (ERM) - ANSWER -agency wide approach to addressing interrelated risk & how to more effectively prioritize & manage risk OMB Circular 136 Financial Reporting Requirements - ANSWER -Requires each agency to develop a risk profile & suggest putting in place an oversight counsel Internal Controls - ANSWER -is a process effected by an entity's oversight body, management, and other personnel that provides reasonable assurance that the objectives of an entity will be ac...

CDFM Module 1.3

1. 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) 2. 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) 3. What type of budgetary resources remains available for new obligations for more than one fiscal year?: Multi-year authority ...

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 Module 1.3

CDFM, Module 2.1|Complete Questions with 100% Correct Answers LAW IDENTIFIES THE CHAIRMAN OF THE JOINT CHIEFS OF STAFF AS THE SENIOR RANKING MEMBER OF ARMED FORCES GOLDWATER-NICHOLS DOD REORGANIZATION ACT OF 1986 MILITARY OPERATIONAL CHAIN OF COMMAND RUNS FROM THE PRESIDENT TO WHOM SECDEF TO COMBATANT COMMANDERS COMMANDERS OF THE COMBATANT COMMANDS ARE RESPONSIBLE TO WHOM FOR ACCOMPLISHING THE ASSIGNED MILITARY MISSION POTUS AND SECDEF CHAIRMAN OF JOINT CHIEFS IS THE PRINCIPAL...

CDFM Module 1.3 (Risk ManagemeWhat is the name of the Department's internal control effort? - ANSWER Manager's Internal Control Program The purposes of the Federal Managers Financial Integrity Act of 1982 are to prevent waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Accountability of assets What do internal controls reasonably ensure? - ANSWER Objectives Operations: effectiveness and efficiency of operations Reporting: Reliability of repo...

CDFM Module 2|Complete AND Graded A+!!!!! What law identifies the Chairman of the Joint Chiefs of Staff as the senior ranking member of the Armed Forces? The Goldwater-Nichols DoD Reorganization Act of 1986 The military operational chain of command runs from the President to whom? The SecDef to the Combatant Commanders The Chairman of the Joint Chiefs of Staff is the principal military advisor to which officials and/or organizations? The President, The National Security Council, an...