Study guides, Class notes & Summaries

CDFM MODULE 3 EXAM REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance Any enforceable agreement between an agency and a business concern for the acquisition of pr...

CDFM MODULE 3 EXAM REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3 The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance Any enforceable agreement between an agency and a business concern for the acquisition ...

CDFM MODULE 3 EXAM REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3 The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance Any enforceable agreement between an agency and a business concern for the acquisition of...

What are the three tests that must be met for use of the Necessary Expense doctrine? - Answer Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? - Answer The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of budgetary resources remains available for new obligations for more than one fiscal year? - Answer Multi-...

CDFM MODULE 3.1 What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) "Where can the most authoritative source of information on the proper use of appropriated funds be found? Who is it published by?" - ANSWER- Principles of Federal Appropriations better known as the Red Book-- published by the GA...

CDFM MODULE 3.1 What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. U.S. vs McCollum (1976) "Where can the most authoritative source of information on the proper use of appropriated funds be found? Who is it published by?" - ANSWER- Principles of Federal Appropriations better known as the Red Book-- published by the GA...

CDFM MODULE 3 EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+. CDFM MODULE 3 EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+. CDFM MODULE 3 EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+. CDFM MODULE 3 EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+. CDFM MODULE 3 EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+. CDFM MODULE 3 EXAM 2024 QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+. CDFM MODULE 3 EXAM 2024 ...