Cdfm 31 fiscal - Study guides, Class notes & Summaries
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CDFM 3.1 Fiscal Law Questions and Answers Graded A+
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CDFM 3.1 Fiscal Law Questions and Answers Graded A+ 
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 Convers...
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CDFM - Module 3 questions with complete solutions 2022/2023
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CDFM - Module 3 questions with complete solutions 2022/2023What 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 remains available for new obligatio...
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.
- Exam (elaborations) • 23 pages • 2024
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND 
ANSWERS PASSED AND VERIFIED. 
True or false? 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 (Anti-Deficiency Act) 
The appropriation time line for Military Construction is _______ years. - CORRECT 
ANSWER 5 
Th...
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CDFM Module 3.1 Fiscal Law
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CDFM Module 3.1 Fiscal Law 
Basic Axiom of Fiscal Law (the premise of fiscal law) 
The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. 
 
 
Common Law 
Which law: There is no law that says you can't do it. 
 
 
Fiscal Law 
Which Law: You can only do what the law authorized you to do. 
 
 
Constitutional Authority: Article 1, section 7,8,9 
Provisions of the U.S Constitution that provid...
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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...
And that's how you make extra money
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CDFM 3.1 Fiscal Law
- Exam (elaborations) • 15 pages • 2024
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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 3.1 Fiscal Law Exam Questions with Correct Answers
- Exam (elaborations) • 13 pages • 2024
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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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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS VERIFIED.
- Exam (elaborations) • 23 pages • 2024
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CDFM 3.1 FISCAL LAW 2024 QUESTIONS AND ANSWERS VERIFIED. 
True or false? 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 (Anti-Deficiency Act) 
The appropriation time line for Military Construction is _______ years. - CORRECT 
ANSWER 5 
The appropria...
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CDFM 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified
- Exam (elaborations) • 33 pages • 2024
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CDFM 3.1 Fiscal Law Questions with 100% Correct Answers | Updated & Verified
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CDFM MODULE 3 Exam (Latest 2023/ 2024 Update) Complete Exam with 400+ Real Questions and Verified Answers| 100% Correct| Guaranteed Grade A
- Exam (elaborations) • 112 pages • 2023
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CDFM MODULE 3 Exam (Latest 2023/ 2024 Update) Complete Exam with 400+ Real Questions and Verified Answers| 100% Correct| Guaranteed Grade A 
 
Q: When funds were provided to begin a program or project in the middle of a fiscal year, you need to what? 
 
 
Answer: 
annualize the funds to determine the current rate. 
 
 
 
Q: If $1 billian was provided in an R&D appropriation last year and $750 million was obligated as of the end of the prior fiscal year, the amount of the appropriation under the ...
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