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CDFM Module 3 Knowledge Check

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Question
Answer
show Purpose, Time, and Amount (PTA)  
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show DoD General Council, Courts  
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show Appropriations, Contract Authority, Borrowing Authority, Monetary Credits, Offsetting Collections and Receipts, Loand and Loan Guarantee Authority  
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show They normally remain available for new obligations for ONE fiscal year  
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show Annual appropriation  
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RDT&E is an example of what type of appropriation?   show
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show No-year appropriation  
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Article 1, Section 9, of the U.S. Constitution gives the power to appropriate funds for the operating the government to which branch of the government?   show
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Which law established the House and Senate Budget Committees and the Congressional Budget Office (CBO)?   show
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What are the three tests which must be met for use of the Necessary Expense doctrine?   show
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Who are determined to be accountable officers in the Department of Defense?   show
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show DoD General Counsel, The Defense Finance and Accounting Service  
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show Multi-year authority  
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show No-year authority  
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show Continuing resolution  
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If a Contracting Officer signs a contract in advance of an appropriation, what type of violation has occurred?   show
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show Office of Management and Budget (OMB)  
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show Entitlements, Payments, Collections, Control of Public Funds  
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What is the primary organization in DoD with the responsibility for Finance requirements?   show
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What is the acronym for disbursing office identification numbers?   show
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What three primary types of officials are Accountable individuals in the DoD?   show
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show Current employees and military members, former employees and military members, vendors  
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show Salary Offset  
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When collecting debts owed by vendors that have failed to properly respond to the demand letters, what is the next step?   show
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When in doubt about the proper use of an appropriation, the DO may request this from the OSD General Counsel on the propriety of the prospective payment.   show
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show Liability  
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show The Certifying Officer  
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show Special Pay  
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show The "losing" activity (The OCONUS activity)  
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Name the supporting documents required in the DoD Payment Package.   show
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show Standard Form 1219, Statement of Accountability (monthly), DD Form 2657, Daily Statement of Accountability  
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Which individuals hold personal and pecuniary liability for their actions in financial transactions?   show
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How often does the Disbursing Officer need to inspect and document office security measures?   show
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The Budget and Accounting Act of 1921 established the GAO (Legislative Branch) to audit financial transactions of which branch of government?   show
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The GPRA requires agencies to define goals, set performance targets, and report what?   show
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Any enforceable agreement between an agency and a business concern for the acquisition of property or services is called what?   show
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What term is used to describe Federal government funds that have been paid but have not yet been identified to a specific organization?   show
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show Managerial Cost Accounting  
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What are the two self-balancing sets of accounts in the U.S. Government Standard General Ledger (USGSGL)?   show
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In proprietary accounting, assets equal liabilities plus what?   show
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The aggregate amount of an entity's funds in the Treasury is in what account?   show
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PP&E defines tangible assets with an estimated useful life of more than what number of years?   show
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show Budgetary Resources = Status of Budgetary Resources  
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show Statement of Net Cost  
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show Defense Finance and Account Service (DFAS)  
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show Control  
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Which standards generally apply to all Federal government audits?   show
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show DoD Inspector General  
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show DoDIG Audit Handbook  
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Auditors auditing with personal impairments violate which general standard?   show
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How many hours of continuing professional education must an auditor complete every 2 years? What is the minimum number of hours that must be completed in any year of the 2-year support?   show
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show External impairment  
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show See Question 8 on Module 3 Section 4 KC  
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What does a performance audit determine?   show
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Which audit phase involves gathering evidence and determining materiality and significance of the findings?   show
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show Planning phase  
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What document includes the objectives of the audit, the findings, and when appropriate, the recommendations?   show
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show Audit benefits  
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show Quality Control and Assurance  
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Inspection of office security, separate and secure storage of records and equipment, and restricted system access are examples of what kind of controls?   show
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