Cdfm module 1 resource - Study guides, Class notes & Summaries

CDFM MODULE 1 EXAM REVIEW WITH COMPLETE SOLUTIONS RATED A The three competency areas of the EDFMTC book - fiscal law will be in the test, but will be its own set. Government Resource Management Environment (30.4%); Manpower Management (12.2%); Enterprise Risk Management and Internal Controls (20.3%); Fiscal Law (37.1%; separate set) * Indicates review questions from the book ~ Indicates key questions or terms you should pay closer attention.

CDFM Module 1: Resource ManagemeEnterprise 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 ob...

CDFM Module 4 Latest Update 2024!!! DoD has 3 principal decision making support systems - ANSWER 1. Planning, programming, budgeting and execution process (PPBE) 2. Joint Capabilities Integration and Development System (JCIDS) 3. Defense Acquisition System Resource Allocation - ANSWER Planning, Programming & Budgeting, Enactment, Execution. Planning - ANSWER Takes place annually from October to April for the current and future 4 fiscal years. Programming & Budgeting - ANSWER Takes pla...

resource management environment cdfm module 1 Federal Budget - ANSWER-President's Budget 1974 Congressional Budget Act - ANSWER-Requires that the President submits the budget to Congress by the first Monday in February Exceptions that would allow and employee to represent with or without compensation of private interest before the government - ANSWER-The employee, A parent , spouse or child of the employee, or A person or estate for which the employee serves a a guardian, executor, ad...

CDFM Module 1: Resource Management Environment; Competency Area 4: Management's Responsibility for internal Cont What 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 t waste or misuse of agency funds or property and to assure the accountability of what? - ANSWER Assets What do internal controls reasonably ensure? - ANSWER Programs achieve intended r...

CDFM - Module 2 EXAM WELL SOLVED QUESTIONS WTH CORRECT ANSWERS A line chart is called what? ANS-Frequency Polygon What acquisition process category(s) has an independent cost estimate performed (by CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate? ANS-ACAT 1 & ID PPBE Planning Phase provides information to who? ANS-SECDEF What are the 3 Quantifiable Benefits? ANS-(1) Cost Savings (2) Cost Avoidance (3) Productivity Improvement Who/Where are Integr...

CDFM, Module 1.2|| 90 Questions|| Accurate 1 The mission of the Department of Defense is to - ANSWER Provide the military forces needed to deter war and to protect the security of our country. Defense Manpower Management - ANSWER Refers to the processes of determining manpower requirements for budgetary purposes and reporting manpower strengths to the OMB. The first priority for programming manpower is - ANSWER Major combat commands based on the Joint Chiefs of Staff guidance. End Stre...

CDFM Module 2|Complete AND Graded A+!!!!! The DoD biennially uses this process acquire, allocate, account for, and analyze personnel and financial resources. PPBS Department of Defense principal resource management organization. Defense Resourses Board Principal forum for consideration of national security and foreign policy matters. National Security Council Which of the following documents are not part of the PPBS System. Program Budget Memorandum Summarizes all forces...