CDFM 3 KC Word Scramble

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Question	Answer
Federal appropriations law can be categorized into which three topical areas?	Purpose, Time, and Amount (PTA)
In the DoD, final decisions of Fiscal Law questions are "officially" rendered by whom?	DoD General Council, Courts
How many basic types of budget authority are used in the Federal Government?	Appropriations, Contract Authority, Borrowing Authority, Monetary Credits, Offsetting Collections and Receipts, Loand and Loan Guarantee Authority
Annual appropriations remain available for new obligations for how long?	They normally remain available for new obligations for ONE fiscal year
Operation and Maintenance (O&M) is an example of what type of appropriation?	Annual appropriation
RDT&E is an example of what type of appropriation?	Multi-year appropriation
Budget authority does not expire in what type of appropriation?	No-year appropriation
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?	Legislative Branch (Congress)
Which law established the House and Senate Budget Committees and the Congressional Budget Office (CBO)?	Congressional Budget Act of 1974
What are the three tests which must be met for use of the Necessary Expense doctrine?	Must bear a logical relationship, not prohibited by law, not funded elsewhere
Who are determined to be accountable officers in the Department of Defense?	Certifying and Disbursing Officers and Accountable Officials
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense?	DoD General Counsel, The Defense Finance and Accounting Service
What type of budgetary resources remains available for new obligations for more than one fiscal year?	Multi-year authority
What type of budgetary resources remain available for new obligations until purpose for which they were provided is carried out?	No-year authority
What type of Congressional resolution can be thought of as a temporary appropriations act?	Continuing resolution
If a Contracting Officer signs a contract in advance of an appropriation, what type of violation has occurred?	Antideficiency Act Violation
What agency apportions funds for a working capital fund?	Office of Management and Budget (OMB)
What are the four major functions in DoD finance?	Entitlements, Payments, Collections, Control of Public Funds
What is the primary organization in DoD with the responsibility for Finance requirements?	The Defense Finance and Accounting Service (DFAS)
What is the acronym for disbursing office identification numbers?	Disbursing Station Symbol Numbers (DSSN)
What three primary types of officials are Accountable individuals in the DoD?	Certifying Officers, Disbursing Officers, Accountable Officials
Debt collection includes collection of debts from what three groups?	Current employees and military members, former employees and military members, vendors
What is the normal collection method for debts owed by active military members and civilian employees who are still in service?	Salary Offset
When collecting debts owed by vendors that have failed to properly respond to the demand letters, what is the next step?	Hold-up list
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.	An advance decision.
To what, along with accountibility, does certification equate?	Liability
Who, besides the disbursing officer, is likely to be held accountable for an improper payment?	The Certifying Officer
If a civilian employee receives less than 90% of his or her nromal biweekly pay and allowances, what may they request?	Special Pay
When a civilian employee moves from a job overseas to a job in the states, which organization pays for the Permanent Duty Travel?	The "losing" activity (The OCONUS activity)
Name the supporting documents required in the DoD Payment Package.	Contract, Invoice, Proof of Receipt, Acceptance Document
Name two key forms that provide accountability and control by Disbursing Officers.	Standard Form 1219, Statement of Accountability (monthly), DD Form 2657, Daily Statement of Accountability
Which individuals hold personal and pecuniary liability for their actions in financial transactions?	Certifying Officers, Disbursing Officers, and Accountable Officials
How often does the Disbursing Officer need to inspect and document office security measures?	Semi-annually
The Budget and Accounting Act of 1921 established the GAO (Legislative Branch) to audit financial transactions of which branch of government?	Executive Branch
The GPRA requires agencies to define goals, set performance targets, and report what?	Actual performance
Any enforceable agreement between an agency and a business concern for the acquisition of property or services is called what?	Contract
What term is used to describe Federal government funds that have been paid but have not yet been identified to a specific organization?	Undistributed Disbursements
What term is used in SFFAS #4 to describe the process of accumulating, measuring, analyzing, interpreting, and reporting cost?	Managerial Cost Accounting
What are the two self-balancing sets of accounts in the U.S. Government Standard General Ledger (USGSGL)?	Budgetary and Proprietary
In proprietary accounting, assets equal liabilities plus what?	Net position
The aggregate amount of an entity's funds in the Treasury is in what account?	Fund Balance with Treasury
PP&E defines tangible assets with an estimated useful life of more than what number of years?	Two Years
What is the Statement of Budgetary Resources equation?	Budgetary Resources = Status of Budgetary Resources
Which financial statement shows the components of the net cost of the reporting entity's operation for the period?	Statement of Net Cost
What DoD accounting entity maintains a central general ledger?	Defense Finance and Account Service (DFAS)
Government audits provide essential elements of public accountability and what?	Control
Which standards generally apply to all Federal government audits?	GAO Standards or GAGAS
Who conducts, supervises, monitors, and initiates audits and investigations relating to DoD programs and operations?	DoD Inspector General
Which is the DoD document that provides policy for DoD audit and internal review offices to use for conducting audits of DoD operations, systems, program, and functions?	DoDIG Audit Handbook
Auditors auditing with personal impairments violate which general standard?	Independence
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?	80 hours in 2 years; 20 hours mininum each year
The auditor is restricted access to essential data necessary to satisfy the audit objective. What type of impairment would this be?	External impairment
What does a financial audit determine?	See Question 8 on Module 3 Section 4 KC
What does a performance audit determine?	See Question 9 on Module 3 Section 4 KC
Which audit phase involves gathering evidence and determining materiality and significance of the findings?	Review phase
During which audit phase would you select the most important areas for audit coverage?	Planning phase
What document includes the objectives of the audit, the findings, and when appropriate, the recommendations?	The Audit Report
What should be considered when evaluating the effectiveness of DoD audit organizations?	Audit benefits
What is the name of the GAO Standard that provides reasonable assurance that DoD auditors comply with applicable auditing standards and DoD audit policies?	Quality Control and Assurance
Inspection of office security, separate and secure storage of records and equipment, and restricted system access are examples of what kind of controls?	Internal Controls

Created by: jjfinley4