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NAVEDTRA 15004 Logistics Specialist

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Question
Answer
What is an account of how much money has been spent, how much is obligated, and how much is available under each appropriation or subdivision?   Appropriation Accounting  
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What is an account through with the Navy can accumulate all costs according to activity or unit, purpose, and type of expenditure?   Cost Accounting  
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What is an account through used to maintain records of material and supplies on hand?   Inventory (Stores) Accounting  
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What is an account used to maintain records of all Navy owned or Navy-controlled real property and equipment of a capital nature ashore?   Plant Property Accounting  
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What is an account used to maintain records of payments to civilian and military personnel of the Navy?   Payroll Accounting  
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The Navy expends money from one of what 2 major classification?   Appropriations of Funds  
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What is an authorization by an Act of Congress to incur obligations for a specified time and purpose and to make payments out of the Treasury?   Appropriation  
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The accounting period of the Navy is the what?   Fiscal year  
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How many types of appropriations may be used in the Navy, depending upon the purpose for which they are issued?   3  
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What generally cover the current operating and maintenance expenses of the Navy?   Annual Appropriations  
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What occurs when an order is placed by an afloat unit or material is issued to an ashore activity, or similar transacctions during a given period that requires future payments?   Obligation  
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What is an appropriation that is avaliable for incurring obligations during the current fiscal year?   current Appropriation  
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What is an appropriation that is no longer avaliable for incurring obligations?   Expired Appropriation  
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What is the undisbursed balance of an appropriation and is no longer avaliable for disbursement by the department?   Lapsed appropriation  
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What consist of a seven digit number identifying the government agency responsible for administering the appropriation, the fiscal year, and the specific appropriation?   Appropriation symbol  
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Who has fiscal responsibility for the appropriation, the fiscal year, and the specific appropriation?   appropriation symbol  
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Who has fiscal responsibility for the appropriation 1751804 for operation and maintenance of Navy forces?   CNO  
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