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6F051 book 3
| Question | Answer |
|---|---|
| What is the major difference between of the FMA and DFAS? | FMA handles the accounting processes at base level serves as a liason between the base organizations and DFAS |
| Overall responsibility for obligation accounting is maintained by | Finance and accounting |
| All accounting classifications must contain at least the accounting and disbursing station number (ADSN) and the | Appropriation symbol |
| Which step in determining the elements of the accounting classification tells you to ensure the accounting station number is noted? | step 5 |
| Which funds are established to record collections for no year and clearing accounts? | Deposit |
| Which code identifies what is being purchased? | EEIC |
| What code is the first subdivision of the accounting classification below the appropriation level and always starts with the letter "P"? | Budget project |
| The disbursement accounting process begins when | Services is requested |
| When a requirement is known but a firm price is not, an administrative reservation of funds is processed and is also known as | a commitment stage |
| Which stage of accounting liquidates the obligation? | AEP |
| After receiving utilities estimate from CE, DFAS enters the estimate into | GAFS as unfilled customer order (UFCO) |
| What is the first step in identifying the stages of accounting? | Determine the type of accounting your working with. |
| When identifying the stages of accounting for obligations, which step dirests you to ensure that funds are at the proper disbursement stage? | Step 3 |
| The GAFS uses internal files files to track funds and stores them on a magnetic disk, this storage is also called | Immediate access storage |
| Which record is not establish at the beginning of the fiscal year | Document summary record (DSR) |
| Each combination of elements of expense/ investment code (EEIC) and responsibility center/cost center (RCCC) codes requires a separate | Program summary record (PSR) |
| Which system was designed to automate the accounts payable process? | Integrated accounts payable system (IAPS) |
| What is the link between the integrated Accounts Payable system (IAPS) in the general accounting and finance system (GAFS)? | ICI |
| What system is used to approve upward adjustments to expired and cancelled appropriations? | Obligation adjustment reporting system (OARS) |
| What is the next step after an automated business service system (ABSS) user selects the form type? | Add the administrative data |
| Who is the final financial individual in the automated business services system (ABSS) routing process? | The certifying official |
| What are the steps of processing a document in the ABSS? | Approver; resource advisor; certifying official |
| Who appoints the certifying official in writing? | Comptroller |
| Who is held back pecuniary liable for erroneous payments? | Certifying official |
| What type of codes will allow instant input of financial transactions? | Override |
| What need should be met when commitments for annual appropriations are incurred? | A bonafide need for goods or services in the fiscal year the funds are issued |
| Which commitment document is used to designate the accounting classification for charges by the cardholders within the various organizations on base? | AF form 4009 |
| When adding commitment documents in the ABSS and you want to add the unit of issue and quantity you can click on the | Line items button |
| What document would you use for construction project exceeding $100,000? | SF 1442 |
| Who determines the categories for a MIPR? | Performing activity |
| With a direct site category II MIPR, who funds the cost for material or services provided? | Requesting agency |
| Who authorizes and approves the Air Force 150 for do-it- yourself (DITY) moves? | Housing management officer |
| What document is considered evidence of financial liability? | Receiving report |
| A receiving report represents what stage of accounting? | AEU |
| What form is used to provide the vendor an opportunity to release the government from any obligation? | AF form 821 |
| The Prompt Pay Act (PPA) requires federal agencies to make payments on time, if any payments are late what should be done? | Pay interest penalties |
| Cash management is part of the prompt pay act (PPA); what is a function of cash management? | Electronic funds transfer |
| Although you must make payments within prescribed terms, payments must also be paid within what window? | 7 day window |
| When validating a miscellaneous obligation reimbursement documents (MORD) from a funding activity, what do you do after you review the date for validity and accuracy? | Check the description block |
| Should a resource advisor (RA) fail to submit supporting documents to support in miscellaneous obligation reimbursement document (MORD), what step to do you take? | Request DFAS process reversal of MORD greater than 90 days |
| When using the GPC, what is the first step you take after you've made a purchase? | Update access online with each purchase |
| Which is the file created for the TAR at the start of each review, requires validation by the bases, and is due at the midpoint of the review? | Base file |
| As a resource advisor (RA), if you accept a MIPR as a category II, what actions do you take after you receive the obligation documents? | Forward to the financial management analysis FMA |
| Which general accounting and finance system listing identifies all open document summary records in the BQ system? | ODL |
| When travelers do not file their travel vouchers in time the order they traveled on will show up as outstanding on what report? | GOO |
| What form is prepared after a vendor send in a check for an overpayment? | DD form 1131 |
| What two forms are commonly used for collections after customer send in their payment to DFAS? | DD form 1131 and SF 1080 |
| What must be included in the collection voucher, DD form 1131? | Complete accounting classification being credited |
| If the US Treasury determines that collection is not possible when working delinquent accounts receivable, what does the debt collection do? | Process a write off |
| Financial Accounting is concerned with | External reporting to parties outside the company |
| The left side of the T account is used to record | Debits |
| What is used to ensure the debits equal credits | Trial balance |
| Budgetary accounts, control and properly manage budget authority provided and apply primarily to | The legal requirements |
| The proprietary accounting equation includes all the following EXCEPT | Debits |
| If you are looking for information on the location you are deploying to which option would you choose from the four offered on the main page of the combat controller community of practice (CoP) website? | pre-deployment |
| Which section of the combat controller community of practice (CoP) contains unique and unusual situations as well as identified problems and proposed solutions | post-deployment |
| Which section of the combat comptroller community of practice includes great information on the air and space Expeditionary Force unit type code reporting tool (ART) to include the checklist to assess unit type code (UTC) personnel? | UDM war planner |
| If you are looking to understand the overall picture of contingencies specifically our FM wartime requirements you should search in what section of the combat comptroller community of practice (CoP) website? | UDM war planner |
| What system is used as an internal management tool by the Chairman of the Joint Chiefs of Staff (CJCS) to access effectiveness meeting responsibilities to organize, train and equip forces to combat commanders? | status of resources and training system (SORTS) |
| Comptroller action supporting a joint strategic capability plan (JCSP) and non-JSCP contingency operations are similar. the major difference between them is that the | Comptroller personnel may not be required to be physically present at deployed locations to provide financial support under a non-JSCP contingency operation |
| What rates are normally used in preparing the budget submission? | budget |
| What account is used to charge losses or gains between amounts obligated at specified budget rates in the basic appropriation and the amount dispersed at the current rate of exchange for design ideas foreign currencies? | centrally manage allotment (CMA) account |
| Step 2 of using foreign currency has you | Determine the type of funds |
| Which step in using foreign currency has you determine the impact the budget and foreign currency rate will have on programs? | Step 4 |
| An AF form 616 fund cite authorization may be used to purchase | vehicle rentals in support of a contingency |
| When posting obligations and the general accounts and finance system GAFS, the first step is to | get the commitment document summary record (DSR) |
| Vouchers are assembled after | all computations have been made |
| Which is not something the certifying official should check on a voucher before certifying it? | Receiving report is attached and dictates the payment amount authorized |
| If BQ is not available at a deployment location, then what form is issued to authorize use of funds? | AF form 616 |
| What is the third step in updating the AF form 616 when commitment documents are received? | Calculate the new available balance by reducing the commitment amount by the amount of the newly posted commitment |
| When presenting as status of funds briefing, what information do you show for each units expenditures? | Major categories |
| What is the ITS.gov (International Treasury service)? | A system used for processing international direct deposit payments |
| Which is not a benefit of ITS.gov? | Increases the ability to process national electronic payments in emerging markets |
| Acquisitions craft service agreements (ACSA) agreements document | legal authority to buy, sell, give, or loan support to another country |
| The acquisitions cross service agreement (ACSA) program allows logistical support with coordination from what three areas? | Finance, logistics and legal |
| What is the top priority should be receive a joint tasking? | setting you up for success |
| Which category contains the financial publication that contains specific guidance regarding early resource manager involvement and planning to ensure mission success? | 1-0; personnel series |
Created by:
melissafish
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