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CDFM Module 3 Quiz

Beschreibung

CDMA Government Quiz am CDFM Module 3 Quiz, erstellt von Darius R Hinton am 11/04/2017.
Darius R Hinton
Quiz von Darius R Hinton, aktualisiert more than 1 year ago
Darius R Hinton
Erstellt von Darius R Hinton vor etwa 7 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
A commitment is a/an _______ reservation of funds.
Antworten
  • Administrative
  • Legal
  • Obligation
  • Contractual

Frage 2

Frage
The ________ provides guidance on interagency acquisitions.
Antworten
  • National Defense Authorization Act
  • White House
  • Joint Travel Regulation
  • Federal Acquisition Regulation

Frage 3

Frage
The ______ branch of the Federal Government is the only branch with the ability to appropriate funds.
Antworten
  • Legislative
  • Executive
  • Judicial

Frage 4

Frage
Personnel who are responsible for, or have custody of, government funds are:
Antworten
  • Legislative Officers
  • Not Listed
  • Ranking members
  • Accountable Officials

Frage 5

Frage
"Agencies must obligate appropriations within their period of availability or the authority to obligate expires" refers to the ________ restriction on the authority to obligate appropriated funds.
Antworten
  • Time
  • Purpose
  • Amount
  • Legal

Frage 6

Frage
Certifying Officers are responsible for all of the following EXCEPT:
Antworten
  • Illegal or improper payments made based on an improper certificate
  • Disbursing funds in accordance with certified vouchers
  • The legality of the proposed payment
  • The correctness of the documentation

Frage 7

Frage
The two kinds of Interagency acquisitions within the Federal Government are:
Antworten
  • Directed; Assisted
  • Straight; Assisted
  • Financial; Executive
  • Short Term; Long Term

Frage 8

Frage
Only ________ has the authority to appropriate funds.
Antworten
  • Congress, Legislative Branch
  • Supreme court, Judicial Branch
  • The DoD, Executive Branch
  • The Executive Branch

Frage 9

Frage
A service contract for on complete effort is a _________ services contract, such as a report or the design of a building.
Antworten
  • Liability
  • Severable
  • Contingent
  • Non-severable

Frage 10

Frage
Accountable officials are all personnel who are responsible for, or have custody of, government funds. Which of the following is NOT an accountable official?
Antworten
  • Disbursing Officer
  • Commercial vendor
  • Approving Official
  • Certifying Officer

Frage 11

Frage
The purpose of an appropriation act is to:
Antworten
  • Provide the judicial branch with the legal authority to dispense Federal funds for the government
  • Provide legal authority for Federal agencies to incur obligations and to make payments out of the Treasury for specified purposes
  • Allow unlimited access of funds to agencies that need it
  • Prevent Federal agencies from spending funds

Frage 12

Frage
Any loss or deficiency of funds in the DoD is investigated. In order to find an accountable official personally liable, one must show:
Antworten
  • Nothing, the accountable official cannot be held liable
  • Simple negligence on the part of the contracting office
  • The loss was negligent or lacking in reasonable care
  • Extreme negligence on the part of the accountable official

Frage 13

Frage
Analysis of appropriations uses ____ guidance, including the National Defense Authorization Act; DoD Appropriations Acts; The Federal Acquisition Regulation (FAR); and the DoD FMR.
Antworten
  • both verbal and written
  • authoritative
  • state and local
  • general

Frage 14

Frage
Every year Congress passes acts authorizing the DoD operations and appropriates funds to pay for those operations. Which of the following acts are responsible for DoD funding?
Antworten
  • Family Housing Act
  • The Grassley Act
  • Military Financial Funding Act
  • National Defense Authorization Act

Frage 15

Frage
Fiscal law refers to the body of law governing the availability and use of Federal funds. Which of the following is NOT a source that forms the basis of Fiscal Law?
Antworten
  • Judicial court Rulings and Comptroller General decisions
  • Legislative Appropriations and authorizations acts
  • The Constitution
  • Federal Acquisition Regulation

Frage 16

Frage
Federal appropriations law can be categorized into which three topical areas?
Antworten
  • Purpose
  • Time
  • Amount
  • Necessity

Frage 17

Frage
In the DoD, final decisions of fiscal law questions are 'officially' rendered by whom?
Antworten
  • DoD General Counsel
  • Courts
  • USD(C)
  • US Supreme Court

Frage 18

Frage
What are the basic types of budget authority used in the Federal Government?
Antworten
  • Appropriations
  • Contract Authority
  • Borrowing Authority
  • Monetary Credits
  • Offsetting Collections and Receipts
  • Loan and Loan Guarantee Authority
  • Advance Obligation

Frage 19

Frage
Annual appropriations remain available for new obligations for how long?
Antworten
  • One fiscal year
  • One calendar year
  • Five fiscal years
  • Three calendar years

Frage 20

Frage
Operations and Maintenance (O&M) is an example of what type of appropriation?
Antworten
  • Annual
  • Multiyear
  • No-year
  • Advance

Frage 21

Frage
RDT&E is an example of what type of appropriation?
Antworten
  • Annual
  • Multiyear
  • No-Year

Frage 22

Frage
Budget authority does not expire in what type of appropriation?
Antworten
  • No-year
  • Multiyear
  • Annual

Frage 23

Frage
Article 1, Section 9, the US Constitution gives the power to appropriate funds for operating the Government to which Branch of the Government? [blank_start]Congress[blank_end]
Antworten
  • Congress

Frage 24

Frage
Which law established the House and Senate Budget Committees and the Congressional Budget Office (CBO)?
Antworten
  • Congressional Budget Act of 1974
  • CFO Act of 1990
  • National Defense Authorization Act
  • Budget Control Act of 1987

Frage 25

Frage
What are the tests which must be met for use of the Necessary Expense doctrine?
Antworten
  • Logical Relationship
  • Not Prohibited by Law
  • Not Funded Elsewhere
  • Within the same Fiscal Year

Frage 26

Frage
Who are determined to be accountable officers in the DoD?
Antworten
  • Disbursing Officers
  • Departmental Accountable Officials
  • Certifying Officers
  • None Listed

Frage 27

Frage
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the DoD?
Antworten
  • DFAS
  • DoD General Counsel
  • OUSD (Comptroller)
  • GAO

Frage 28

Frage
What type of budgetary resources remains available for new obligations for more than one fiscal year?
Antworten
  • No-Year
  • Multiyear
  • Annual

Frage 29

Frage
What type of budgetary resources remains available for new obligations until the purpose for which they were provided is carried out?
Antworten
  • No-year
  • Multiyear
  • Annual

Frage 30

Frage
What type of Congressional resolution can be thought of as a temporary appropriations act? [blank_start]Continuing Resolution[blank_end]
Antworten
  • Continuing Resolution

Frage 31

Frage
If a Contracting Officer signs a contract in advance of an appropriation, what type of violation has occurred? [blank_start]Antideficiency Act Violation[blank_end]
Antworten
  • Antideficiency Act Violation

Frage 32

Frage
What agency apportions funds for a working capital fund?
Antworten
  • DFAS
  • OMB
  • DCAA
  • AAFES

Frage 33

Frage
What law requires the President to submit an annual budget? [blank_start]Budget and Accounting Act of 1921[blank_end]
Antworten
  • Budget and Accounting Act of 1921
  • Budget and Impoundment Control Act 1974
  • Balanced Budget & Emer. Defecit 1985

Frage 34

Frage
Match the Laws and Description with each of the three dimensions that define the availability of budgetary resources: [blank_start]PURPOSE[blank_end]: [blank_start]31 USC 1301[blank_end] : "Appropriations shall be applied only to the objects for which the appropriations were made except as otherwise provided by law." [blank_start]TIME[blank_end]: [blank_start]31 USC 1502[blank_end] : “The balance of a fixed-term appropriation is available only for payment of expenses properly incurred during the period of availability or to complete contracts properly made within that period.” [blank_start]AMOUNT[blank_end]: [blank_start]31 USC 1341[blank_end]: "An officer of employee of the United States Government may not: (a) make or authorize expenditure or obligation exceeding an amount available in an appropriation or fund for the expenditure or obligation; or (b) involve the government in a contract or obligation for the payment of money before and appropriation is made unless authorized by law.: [blank_start]31 USC 1342[blank_end]: "...may not accept voluntary services for either government or employ personal services exceeding that authorized by law except for emergencies involving the safety of human life or the protection of property." [blank_start]31 USC 1517[blank_end]: "...may not make or authorize expenditure or obligation exceeding an apportionment."
Antworten
  • PURPOSE
  • 31 USC 1301
  • TIME
  • 31 USC 1502
  • AMOUNT
  • 31 USC 1341
  • 31 USC 1342
  • 31 USC 1517

Frage 35

Frage
An agency may not [blank_start]__________[blank_end] its appropriation from outside sources without specific statutory authority according to 31 USC 3302, 31 USC 1301 and 31 USC 209.
Antworten
  • augment

Frage 36

Frage
An agency may accept a gift given in the name of the US.
Antworten
  • True
  • False

Frage 37

Frage
Name the two types of ADA penalty categories: 31 USC 1349 and 1518 - [blank_start]Administrative[blank_end] 31 USC 1350 and 1519 - [blank_start]Criminal[blank_end]
Antworten
  • Administrative
  • Criminal

Frage 38

Frage
In view of the explicit provisions of 31 USC 1351, it has been held that there IS private right of action for declaratory, mandatory, or injunctive relief under the Antideficiency Act. (Thurston v. U.S. 1988)
Antworten
  • True
  • False

Frage 39

Frage
Consider if $500 million were provided for a project/program that was to commence on 1 April of the Present Year (PY), then the current rate of operations for the continuing resolution in the current year (CY) would be:
Antworten
  • $1 billion
  • $500 million
  • Not enough information
  • $2.5 million

Frage 40

Frage
If you obligate at the current rate (under a continuing resolution), and the Congress finally appropriates at a lesser rate, you have committed an Antideficiency Act Violation.
Antworten
  • True
  • False

Frage 41

Frage
"The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes __________________.
Antworten
  • Legislative authority
  • Affirmative authority
  • Judicial authority
  • Executive authority

Frage 42

Frage
Which Act passed by Congress provides authorization for military construction?
Antworten
  • Consolidated Appropriations Act
  • Legislative Authorization Act
  • DoD Appropriations Act
  • National Defense Authorization Act

Frage 43

Frage
Accounting classifications are codes used to:
Antworten
  • Ensure funding is reliable and timely
  • Determine changes to existing authorizations
  • Manage appropriations and implement funds control
  • Ensure proper funding is authorized

Frage 44

Frage
To apply reasonable discretion and flexibility, the concept known as the _______________ was developed which consists of a three part test?
Antworten
  • Purpose statute
  • Necessary expense rule
  • Appropriations rule
  • Discretionary statute

Frage 45

Frage
The framework for appropriation analysis starts with the five W’s of funding with the correct appropriation. Most fiscal issues concerning the funding of ______________ will follow the traditional purpose, time, and amount analysis.
Antworten
  • Commitments
  • Non-severable services
  • Accruals
  • Operations

Frage 46

Frage
The Antideficiency Act (ADA) is a series of Title 31 statutes that contain provisions limiting expenditure of appropriated funds. All of the following statements about ADA are correct, EXCEPT:
Antworten
  • Decrees agencies must prescribe administrative control of funds
  • Prohibits expenditure or obligation exceeding an appropriation
  • Establishes strict provisions for ADA violations that apply in all circumstances
  • Provides the means for reporting ADA violations

Frage 47

Frage
What are the major finance functions in DoD Finance?
Antworten
  • Entitlements
  • Payments
  • Collection
  • Control of Public Funds

Frage 48

Frage
What is the primary organization in DoD with the responsibility for Finance requirements? [blank_start]DFAS[blank_end]
Antworten
  • DFAS

Frage 49

Frage
What is the acronym for disbursing office identification numbers? [blank_start]DSSN[blank_end]
Antworten
  • Disbursing Station Symbol Number (DSSN)

Frage 50

Frage
What primary types of official are accountable Individuals in DoD?
Antworten
  • Department Accountable Officials
  • Certifying Officers
  • Disbursing Officers
  • None Listed

Frage 51

Frage
Debt collection includes collection of debts from what groups?
Antworten
  • Active Military and Civilians
  • Retired Military and Civilians
  • Vendors

Frage 52

Frage
What is the normal collection method of debts owed by active military members and civilian employees who are still in service?
Antworten
  • Salary Offset
  • Referral to the IRS
  • The employee must pay via check or cash

Frage 53

Frage
When collecting debts owed by vendors that have failed to properly respond to the demand letters, what is the next step?
Antworten
  • Referral to the IRS
  • Do Not Pay List
  • Negotiation

Frage 54

Frage
When in doubt about the proper use of an appropriation, what may the disbursing officer request from the OSD General Counsel on the propriety of the prospective payment?
Antworten
  • Advanced Decision
  • Relief in Place
  • Escalation of Certification

Frage 55

Frage
To what, along with accountability, does certification equate?
Antworten
  • Liability
  • Responsibility
  • Knowledge
  • Acceptance

Frage 56

Frage
Who, besides the disbursing officer, is likely to be held accountable for an improper payment?
Antworten
  • Certifying Officer
  • Vendor
  • Contracting Officer

Frage 57

Frage
If a civilian employee receives less than 90% of his or her normal biweekly pay and allowances, what may be or she request?
Antworten
  • Special Pay
  • Advance on Salary
  • Leave

Frage 58

Frage
When a civilian employee moves from a job overseas to a job in the states, which organization pays for the Permanent Duty Travel?
Antworten
  • The "losing" activity
  • The "gaining" activity
  • DFAS
  • The employee

Frage 59

Frage
Name the supporting documents required in the DoD payment package.
Antworten
  • Invoice
  • Proof of Receipt
  • Acceptance Document
  • Contract
  • Manufacturer Quality Sheet

Frage 60

Frage
Name two key forms that provide accountability and control by Disbursing Officers.
Antworten
  • SF 1219
  • DD 2657
  • SF 33
  • DD 1687

Frage 61

Frage
Which of the following statements is FALSE regarding the Government Purchase Card Program?
Antworten
  • May be used for personal use
  • Only the authorized cardholder may use the purchase card
  • All purchases must be proper, legal, reasonable, and satisfy a bona fide need of the government
  • Intentional misuse of the card can result in disciplinary action, including card revocation, loss of job, fines, and/or confinement

Frage 62

Frage
Which agency is responsible for oversight of the DoD purchase card program?
Antworten
  • General Services Administration (GSA)
  • Office of the Under Secretary of Defense for Acquisition, Technology and Logistics (OUSD(AT&L))
  • Defense Finance and Accounting Service (DFAS)
  • Defense Contract Audit Agency (DCAA)

Frage 63

Frage
Which branch of the Disbursing Office maintains and verifies funds and vouchers daily?
Antworten
  • Check Branch
  • Accounts Branch
  • Credit Branch
  • Cash Branch

Frage 64

Frage
Internal control activities include all the following EXCEPT:
Antworten
  • Segregation of duties
  • Proper authorization
  • Adequate documentation
  • Addressing Information Technology (IT) application controls separately from general controls

Frage 65

Frage
_______ is a control activity used to prevent one person from controlling multiple aspects of a transaction and allow that person to both cause and conceal misstatements whether errors or fraud.
Antworten
  • Segregation of duties
  • Proper authorization
  • Adequate documentation
  • Independent check

Frage 66

Frage
The __________ contains general guidance to prepare, submit and process travel claims.
Antworten
  • Financial Management Distributed Learning Center (FMDLC) guide
  • Financial Management Regulation (FMR)
  • Federal Acquisition Regulation (FAR)
  • Treasury Financial Manual (TFM)

Frage 67

Frage
The ______ prepares checks for properly certified vouchers and prepares checks for cash for the Disbursing Officer, Deputy Disbursing Officer, and Agents.
Antworten
  • Accounts Branch
  • Cash Branch
  • Check Branch
  • Credit Branch

Frage 68

Frage
Which of the following statements about effective internal control is NOT accurate?
Antworten
  • Segregation of duties is an internal control activity used to prevent one person from controlling multiple aspects of a transaction that might allow that person to both cause and conceal misstatements whether errors or fraud.
  • Effective internal control procedures depend largely on relying on the fewest number of people as possible to record and adjust high value transactions.
  • Internal control involves eliminating opportunities to conceal errors or irregularities
  • Segregation of duties or separation of duties, minimizes the potential for errors or attempts at fraud or embezzlement from going undetected.

Frage 69

Frage
A(n) ___________ may be an officer, enlisted member, or civilian employee satisfactory to both the appointing officer and Disbursing Officer (DO), who is appointed in writing to a Disbursing Officer (DO).
Antworten
  • Accountant
  • Paying Agent
  • Billing Officer
  • Administrative Contracting Officer

Frage 70

Frage
________ are military members or civilian employees of a Federal Department or Agency designated to disburse monies and render accounts according to laws and regulations governing the disbursement of public monies.
Antworten
  • Disbursing Officers
  • Clerks
  • Billing Officers
  • Accountants

Frage 71

Frage
______ is the first stage of a reimbursable transaction.
Antworten
  • Earned reimbursement
  • Collection
  • Reimbursable authority received by the providing activity
  • Order Received

Frage 72

Frage
The ______ signs the receiving report or invoice certifying the goods have been provided or services rendered.
Antworten
  • Procurement Contracting Officer
  • Billing Office
  • Certifying Officer
  • Administrative Contracting Officer

Frage 73

Frage
Payroll Office personnel must ensure that payroll data is complete and _________.
Antworten
  • Audit ready
  • Accurate
  • Consistent
  • Reliable

Frage 74

Frage
As part of the DoD quality assurance and internal control programs, which organization leads the accounts receivable metric?
Antworten
  • OUSD (C) Deputy CFO
  • OUSD (C) Business Integration Office (BIO)
  • OUSD (C) Accounting and Fiscal Policy Directorate (A&FP)
  • DFAS

Frage 75

Frage
Which of the following statements is FALSE regarding the Government Purchase Card Program?
Antworten
  • May not be used for personal use.
  • Authorized cardholders and family members may use the card
  • All purchases must be proper, legal, reasonable, and satisfy a bona fide need of the government.
  • Intentional misuse of the card can result in disciplinary action, including card revocation, loss of job, fines, and jail time.

Frage 76

Frage
The Budget and Accounting Act of 1921 established the GAO (Legislative Branch) to audit financial transactions of which branch of the Government?
Antworten
  • Legislative
  • Executive
  • Judicial

Frage 77

Frage
The GPRA requires agencies to define goals, set performance targets, and report what?
Antworten
  • Actual Performance
  • Auditability Status
  • Risk Management Plan
  • Budget

Frage 78

Frage
Any enforceable agreement between an agency and a business concern for the acquisition of property or services is called what?
Antworten
  • Contract
  • Commitment
  • Outlay
  • Authorization

Frage 79

Frage
What term is used to describe Federal Government funds that have been paid but have not yet been identified to a specific organization?
Antworten
  • Undistributed Disbursements
  • Unmatched Transaction
  • Unidentified Outlay
  • Miscellaneous Disbursement

Frage 80

Frage
What term is used in SFFAS #4 to describe the process of accumulating, measuring, analyzing, interpreting, and reporting cost?
Antworten
  • Managerial Accounting
  • Financial Accounting
  • Proprietary Accounting
  • Budgetary Accounting

Frage 81

Frage
What are the two self-balancing sets of accounts in the U.S. General Standard General Ledger (USGSGL)?
Antworten
  • Budgetary
  • Proprietary
  • Assets
  • Miscellaneous

Frage 82

Frage
In proprietary accounting, assets equal liabilities plus what?
Antworten
  • Net Position
  • Revenue
  • Expenses
  • Budgetary Status

Frage 83

Frage
The aggregate amount of an entity's funds in the Treasury is in what account?
Antworten
  • Fund Balance with Treasury
  • Undistributed Disbursements
  • Imprest Fund
  • Advances

Frage 84

Frage
PP&E defines tangible assets with an estimated useful life of more than what number of years?
Antworten
  • 5 years
  • 2 years
  • 1 year
  • 20 years

Frage 85

Frage
What is the Statement of Budgetary Resources equation?
Antworten
  • Statement of Budgetary Resources = Status of Budgetary Resources
  • Statement of Budgetary Resources = Liabilities + Net Position
  • Statement of Budgetary Resources = Status of Budgetary Resources + Outlays
  • Statement of Budgetary Resources = Obligations + Outlays

Frage 86

Frage
Which financial statement shows the components of the net cost of the reporting entity's operation for the period?
Antworten
  • Statement of Changes in Net Position
  • Statement of Net Cost
  • Statement of Budgetary Resources
  • Balance Sheet

Frage 87

Frage
What DoD accounting entity maintains a central general ledger?
Antworten
  • DFAS
  • OMB
  • DCAA
  • FASAB

Frage 88

Frage
Which three Federal agencies established the FASAB?
Antworten
  • OMB
  • OUSD (C)
  • GAO
  • Dept. of Treasury

Frage 89

Frage
When discussing accounting policy and process, one of the four main Agencies or activities that influence DoD accounting is?
Antworten
  • Office of the Under Secretary of Defense (Comptroller) (OUSD(C))
  • Government Accountability Office (GAO)
  • DoD Office of the Inspector General (DoDIG)
  • Federal Accounting Standards Advisory Board (FASAB)

Frage 90

Frage
The _____________ develops standards and principles for accounting and auditing, conducts audits, and reports its findings to Congress, along with recommendations.
Antworten
  • DoDIG
  • GAO
  • U.S. Treasury
  • Defense Finance and Accounting Services (DFAS)

Frage 91

Frage
A major role of DFAS is?
Antworten
  • Financial manager for the Executive Branch
  • Acts as the government’s bank
  • Directs finance and accounting requirements
  • "Deliberates on and makes recommendations on accounting principles and standards"

Frage 92

Frage
The _____________ requires Federal agencies to provide reasonable assurance that their systems of internal accounting and administrative control are compliant with standards prescribed by the Comptroller General.
Antworten
  • Federal Managers Financial Integrity Act (FMFIA)
  • Government Performance and Results Act (GPRA)
  • Inspector General Act (IGA)
  • Chief Financial Officers Act (CFOA)

Frage 93

Frage
The ___________ is the definitive source for the policies, regulations, and procedures under the authority of OUSD(C). Its purpose is to regulate financial management within the DoD.
Antworten
  • DoD FMR
  • OMB Circulars
  • Treasury Financial Manuals (TFMs)
  • Federal Acquisition Regulation (FAR)

Frage 94

Frage
__________ provides a means to perform and monitor DFAS business management functions
Antworten
  • E-Biz
  • Enterprise Business System (EBS)
  • General Accounting and Finance System (GAFS
  • Standard Finance System (STANFINS)

Frage 95

Frage
__________ is the Army’s new web-enabled system for integrating asset and accounting management systems into one system that standardizes, streamlines, and shares critical data across the Active Army, Army National Guard, and Army Reserve.
Antworten
  • Defense Enterprise Accounting and Management System (DEAMS)
  • General Fund Enterprise Business System (GFEBS)
  • Defense Agencies Initiative (DAI)
  • Intra-Governmental Payment and Collection (IPAC)

Frage 96

Frage
Identify if the account is proprietary or budgetary account; note if account is an asset, liability, net position, etc.; Show normal balance: Account Number 4119 Other Appropriations Realized [blank_start]Budgetary[blank_end] [blank_start]Budget[blank_end] [blank_start]Debit[blank_end]
Antworten
  • Budgetary
  • Proprietary
  • Budget
  • Liability
  • Asset
  • Revenue
  • Expense
  • Gain/Loss
  • Debit
  • Credit

Frage 97

Frage
Identify if the account is proprietary or budgetary account; note if account is an asset, liability, net position, etc.; Show normal balance: Account Number 2590 Other Debt [blank_start]Proprietary[blank_end] [blank_start]Liability[blank_end] [blank_start]Credit[blank_end]
Antworten
  • Proprietary
  • Budgetary
  • Liability
  • Asset
  • Net Position
  • Expense
  • Revenue
  • Gain/Loss
  • Credit
  • Debit

Frage 98

Frage
Identify if the account is proprietary or budgetary account; note if account is an asset, liability, net position, etc.; Show normal balance: Account Number 1541 Forfeited Property Held for Sale [blank_start]Proprietary[blank_end] [blank_start]Asset[blank_end] [blank_start]Debit[blank_end]
Antworten
  • Proprietary
  • Budgetary
  • Asset
  • Liability
  • Expense
  • Revenue
  • Gain/Loss
  • Budget
  • Debit
  • Credit

Frage 99

Frage
Identify if the account is proprietary or budgetary account; note if account is an asset, liability, net position, etc.; Show normal balance: Account Number 3101 Unexpended Appropriations - Appropriations Received [blank_start]Proprietary[blank_end] [blank_start]Net Position[blank_end] [blank_start]Credit[blank_end]
Antworten
  • Proprietary
  • Budgetary
  • Net Position
  • Budget
  • Liability
  • Asset
  • Revenue
  • Expense
  • Gain/Loss
  • Credit
  • Debit

Frage 100

Frage
Identify if the account is proprietary or budgetary account; note if account is an asset, liability, net position, etc.; Show normal balance: Account Number 1010 Fund Balance with Treasury [blank_start]Proprietary[blank_end] [blank_start]Asset[blank_end] [blank_start]Debit[blank_end]
Antworten
  • Proprietary
  • Budgetary
  • Asset
  • Liability
  • Expense
  • Revenue
  • Budget
  • Gain/Loss
  • Net Position
  • Debit
  • Credit

Frage 101

Frage
The USSGL is composed of five major sections: Chart of Accounts, Account Descriptions, Accounting Transactions, USSGL Attributes, and [blank_start]____________[blank_end].
Antworten
  • Report Crosswalks
  • Trial Balances
  • DDRS-B
  • DDRS-AFS

Frage 102

Frage
The [blank_start]SF 132[blank_end] shows the amount of dollars the unit has available.
Antworten
  • SF 132
  • SF 133
  • SF 1219
  • SF 1329

Frage 103

Frage
As with expenditure authority, installations and activities receive reimbursement authority on the funding document that specifies appropriation and budget programs for which the installation may use funds. Which Reimbursable Accounting Stage is this?
Antworten
  • Authority Received stage
  • Orders Received stage
  • Earned Reimbursement stage
  • Collection/Transfer stage

Frage 104

Frage
There are two primary objectives for the managers of a revolving fund: control of all the costs of production and [blank_start]_________[blank_end].
Antworten
  • Expenditure of funds
  • Maintain a positive cash flow
  • The Antideficiency Act (ADA)
  • Capital

Frage 105

Frage
There are two general categories of costs: capital cost and [blank_start]operating cost[blank_end].
Antworten
  • operating cost
  • direct cost
  • indirect cost
  • g&a cost

Frage 106

Frage
Another type of funding for DoD is the Defense Working Capital Funds (DWCF) also known as a _____ fund.
Antworten
  • Revolving
  • Investment
  • Procurement
  • Operations

Frage 107

Frage
Within the Defense Appropriation, the MILPERS is an annual appropriation. The purpose of MILPERS is to fund Active, Reserve, and National Guard ______ .
Antworten
  • Personnel
  • Procurement
  • Research
  • Investmenet

Frage 108

Frage
Disbursements are payments made to ________ an established obligation or provide cash in advance of performance.
Antworten
  • Obligate
  • Liquidate
  • General and Administrative
  • Commit

Frage 109

Frage
What is the recognition of the expense of an asset over the years that benefit from the use of the asset?
Antworten
  • Amortization
  • Depreciation
  • Depletion
  • Full Cost Recovery

Frage 110

Frage
Which of the following systems support interagency billing and colleting between the Federal Program Agencies (FPAs)?
Antworten
  • Defense Cash Accountability System (DCAS)
  • CA$HLINK
  • Mechanization of Contract Administration Services (MOCAS)
  • Intra-governmental Payment and Collection System (IPAC)

Frage 111

Frage
The CFO Act of _____ focuses the financial management efforts of all Federal Departments and agencies on how well tax dollars are being spent.
Antworten
  • 1989
  • 1995
  • 1990
  • 1985

Frage 112

Frage
If appropriation legislation is not enacted in time for future year operations to begin, what provides agencies the authority to continue operations?
Antworten
  • Performance Based Agreement (PBA)
  • Continuing Resolution Authority
  • Reappropriaiton
  • Reprogramming

Frage 113

Frage
DoD receives its funding or authorization, other than transfer appropriations, through all of the below EXCEPT which one?
Antworten
  • DoD Appropriations Act
  • Military Construction Act
  • National Defense Authorization Act
  • Prompt Payment Act

Frage 114

Frage
The stages of expenditure accounting transactions are funding, commitment, obligation, expenditure and ___________.
Antworten
  • Reprogramming
  • Appropriation
  • Disbursement
  • Clearing Account

Frage 115

Frage
How are funds distributed form DoD to their subordinate organizations and activities?
Antworten
  • Apportionments
  • Appropriations
  • Funding Authorization Documents (FADs) and Operating Budget Authority Documents (OBADs)
  • Warrants

Frage 116

Frage
The Federal Managers Financial Integrity Act (FMFIA) requires Federal agencies to provide _______ assurance that their systems of internal accounting and administrative control are compliant with standards prescribed by the Comptroller General.
Antworten
  • Total
  • No
  • Unreasonable
  • Reasonable

Frage 117

Frage
Which of the following shows summary totals of all receipts and expenditures of public funds occurring during the accounting period and the status of the DO's account at the close of that period?
Antworten
  • DD 2665, Daily Agent Accountability Summary
  • DD 2657, Daily Statement of Accountability
  • SF 1219, Statement of Accountability
  • ARM 1307, Accounting Report Monthly 1307, Report of Operations

Frage 118

Frage
Within the Federal Government, the _________ is the financial manager for the Executive Branch.
Antworten
  • Office of Management and Budget (OMB)
  • Treasury
  • Defense Finance and Accounting (DFAS)
  • Office of the Under Secretary of Defense (Comptroller)

Frage 119

Frage
By purpose, appropriated funds can be categorized as all of the below EXCEPT:
Antworten
  • Direct Funds
  • Research Funds
  • Investment Funds
  • Operating Funds

Frage 120

Frage
The Certifying Officer Legislation (COL), Public Law 104 - 106, requires the appointment of ___________ responsible for the accuracy and certification that payment vouchers are correct for payment.
Antworten
  • Deputies
  • Certifying Officers
  • Comptrollers
  • Chief Financial Officers

Frage 121

Frage
_________________ is an approach to manage business better through three important objectives: the automation and integration of business processes, common data and practices shared enterprise wide, and produce and access information in real time.
Antworten
  • Enterprise Resource Planning
  • Government Performance Results Act
  • Prompt Payment
  • Strategic Planning

Frage 122

Frage
The __________ phase of PPBE process establishes the final estimated costs for the DoD portion of the President's Budget.
Antworten
  • Programming
  • Budget Formulation
  • Execution
  • Planning

Frage 123

Frage
The __________ is established for the codification and publication of uniform policies and procedures for acquisition by all executive agencies.
Antworten
  • Office of Management and Budget (OMB) A-123
  • Office of Management and Budget (OMB) A-11
  • DoD FMR
  • Federal Acquisition Regulation (FAR)

Frage 124

Frage
A _______ is directly related or traceable to an output or single product.
Antworten
  • Indirect cost
  • Direct cost
  • Mixed cost
  • Capital cost

Frage 125

Frage
The ADA contains prohibitions with respect to the _______ use of funds an has punitive provisions for violations for the prohibitions.
Antworten
  • Authorized
  • Legal
  • Appropriated
  • Unauthorized

Frage 126

Frage
The Federal Information Security Management Act of 2002 (FISMA) provides a comprehensive framework for ensuring the effectiveness ____________ controls over information resources that support Federal operations and assets.
Antworten
  • Information Security
  • Password
  • Audit compliance
  • Government Performance and Results Act (GPRA)

Frage 127

Frage
The Annual Statement of Assurance does not include:
Antworten
  • Statement of compliance
  • Controls are achieving their intended objectives
  • Material weaknesses are identified
  • Strategic Plan

Frage 128

Frage
What is the Federal law that specifically required existing CFO agencies to have financial statements that successfully pass a financial audit?
Antworten
  • CFO Act of 1990
  • Government and Management Reform Act (GMRA) of 1994
  • Government Performance and Results Act (GPRA) of 1993
  • Government Performance and Results Act Modernization Act (GPRAMA) of 2010

Frage 129

Frage
What is the definition of a 'successful financial audit?'
Antworten
  • All government agencies have had financial statements audited
  • Achieving an unqualified audit opinion
  • No material weaknesses found
  • Achieving a qualified audit opinion

Frage 130

Frage
In which of the four waves of the FIAR process would a DoD entity expect to have an auditable Statement of Budgetary Resources, to include its Funds Balance with Treasury?
Antworten
  • Wave 1
  • Wave 2
  • Wave 3
  • Wave 4

Frage 131

Frage
Government audits provide essential elements of public accountability and what?
Antworten
  • Control
  • Justice
  • Absolute Assurance
  • Deniability

Frage 132

Frage
Which standards generally apply to General Government audits?
Antworten
  • Generally Accepted Government Auditing Standards (GAGAS)
  • Generally Accepted Accounting Principles
  • Generally Accepted Auditing Standards (GAAS)
  • International Auditing Standards (IAS)

Frage 133

Frage
Who conducts, supervise, monitors, and initiates audits an investigations relating to DoD programs and operations?
Antworten
  • DoD IG
  • OUSD (C)
  • DFAS Audit Director
  • Defense Audit Agency

Frage 134

Frage
Which is the DoD document that provides policy for DoD audit and internal review offices to use for conducing audits of dodo operations, systems, programs, and functions?
Antworten
  • DoD IG Handbook
  • Defense Audit Guidance
  • Generally Accepted Government Audit Standards Briefing
  • Manager's Internal Control Program Handbook

Frage 135

Frage
Auditors auditing with personal impairments violate which standard?
Antworten
  • Independence
  • Technical Training
  • Professional Care

Frage 136

Frage
An auditor must complete [blank_start]80[blank_end] hours of continuing professional education must an auditor complete every 2 years, and a minimum of [blank_start]20[blank_end] hours that must be completed in any year of that 2-year period.
Antworten
  • 80
  • 60
  • 120
  • 40
  • 20
  • 40
  • 10
  • 60

Frage 137

Frage
The auditor is restricted access to essential data necessary to satisfy the audit objective. What type of impairment would this be?
Antworten
  • External Impairment
  • Personal Impairment
  • Internal Impairment

Frage 138

Frage
[blank_start]Financial Audits[blank_end] are the type of audits are expected to determine whiter: The financial info is presented IAW established or stated criteria; the entity has adhered to specific financial compliance requirements; and the entity's internal control over financial reporting and/or safeguarding of assets is suitably designed and implemented to achieve the control objectives.
Antworten
  • Financial Audits
  • Performance Audits
  • Attestatation Engagements

Frage 139

Frage
[blank_start]Performance audits[blank_end] are the type of audits expected to determine whether: the entity is acquiring, using, and protecting its resources economically and efficiently; the entity's program are achieving the desired results o r benefits; and the entity is accomplishing its mission IAW applicable laws, regulations, and public policies.
Antworten
  • Performance audits
  • Financial audits
  • Attestation Engagement

Frage 140

Frage
Which audit phase involves gathering evidence and determining materiality and significance of the findings?
Antworten
  • Planning
  • Review
  • Reporting

Frage 141

Frage
During which audit phase would the auditor select the most important areas for audit coverage?
Antworten
  • Planning
  • Review
  • Reporting

Frage 142

Frage
What document includes the audit objectives, findings ,and recommendations?
Antworten
  • The Audit Report
  • Opinion
  • Balance Sheet
  • Manager's Assessment

Frage 143

Frage
What should be considered when evaluating the effectiveness of DoD audit organizations?
Antworten
  • Audit Benefits
  • People
  • Location
  • Process Documents

Frage 144

Frage
What is the name of the GAO standard that provides reasonable assurance that DoD auditors comply with applicable auditing standards and DoD audit policies?
Antworten
  • Quality Control and Assurance
  • Internal Controls
  • Independence

Frage 145

Frage
Inspection of office security, separate and secure storage of records and equipment, and restricted system access are examples of what kind of controls?
Antworten
  • Internal Controls
  • Physical Security
  • Auditability

Frage 146

Frage
If auditors are deterred from acting objectively and exercising professional skepticism by pressures, actual or perceived, from management of the entity being audited, what would this be called?
Antworten
  • Threat to Auditor Indpendence
  • Conflict of Interest
  • Ineffective Audit Procedures
  • Questionable Relationship

Frage 147

Frage
Which of the statements below concerning Internal Control is correct?
Antworten
  • Internal Control is done once, like a checklist
  • Internal Control involves auditing of employees by external auditors
  • Internal Control is a process to obtain an absolute assurance that organization objectives will be met
  • Internal Control is a continuous part of operations used by an organization to achieve its mission

Frage 148

Frage
Government Accountability Office (GAO) Standards for Internal Control include all of the below, except:
Antworten
  • Monitoring
  • Control Activities
  • Implementation
  • Control Environment

Frage 149

Frage
Which of the following is the management responsibility regarding Internal Control within an organization?
Antworten
  • Risk assessment, documentation and developing of controls to mitigate risks
  • Testing effectiveness and efficiency of Internal Controls
  • Risk assessment at the highest level since only these kinds of risks can have a material impact to an organization's mission
  • Implementation of controls on a day-to-day basis

Frage 150

Frage
List the Agencies that Audit DoD:
Antworten
  • DoD IG
  • Defense Contracting Audit Agency
  • Army Audit Agency
  • Naval Service Audit Agency
  • GAO
  • Air Force Audit Agency

Frage 151

Frage
The Defense Contract Audit Agency (DCAA), one of the key organizations auditing DoD, reports to which level of government?
Antworten
  • Congress
  • The Secretary of the Army
  • The Department of Defense Level
  • The Secretary of the Air Force

Frage 152

Frage
One of the main missions and roles of The Government Accountability Office (GAO) includes:
Antworten
  • Providing assistance with negotiation, administration, and settlement of contracts and subcontracts
  • Assessing and improving Air Force fiduciary stewardship and the accuracy of financial reporting
  • Investigating and auditing Federal Government taxpayer dollars spending
  • Providing independent audit services to assist Department of the Navy leadership in assessing risk to improve efficiency, accountability, and program effectiveness

Frage 153

Frage
The most authoritative source of guidance used by internal and external DoD auditors is called _________.
Antworten
  • Federal Accounting Standards Advisory Board (FASAB) Technical Bulletins
  • Generally Accepted Governmental Auditing Standards (GAGAS)
  • Office of Management and Budget (OMB) Circular A-123 Appendix A
  • Technical Releases of the Accounting and Auditing Policy Committee of the FASAB

Frage 154

Frage
Listed below are the different types of DoD audits, except:
Antworten
  • Compliance Audits
  • Financial Audits
  • Attestation Engagements
  • Performance Audits

Frage 155

Frage
Which statement below concerning Internal Auditors is true?
Antworten
  • Internal auditors perform audits to express an opinion on the financial statements
  • Internal auditors can express a partial opinion on the financial statements
  • Internal auditors can never assist external auditors in audits over internal controls since that might violate an organization's policies
  • Internal auditors can assist in the auditing process by performing limited reviews; however, they cannot express an opinion on the financial statements

Frage 156

Frage
Which of the following is the correct sequence of steps taken during DoD audits?
Antworten
  • Fieldwork, Pre-Planning, Draft Report, Planning
  • Fieldwork, Pre-Planning, Planning Draft Report
  • Management Comments, Fieldwork, Planning, Final Report
  • Pre-Planning, Planning, Fieldwork, Final Report

Frage 157

Frage
Which of the below is an audit procedure frequently performed during Fieldwork by auditors?
Antworten
  • Reviewing prior audit findings and recommendations
  • Conducting exit conference with management
  • Developing a risk-based audit guide
  • Coordinating with external audit agencies

Frage 158

Frage
An [blank_start]________[blank_end] will determine whether a process is effective and efficient and will make recommendations to an organization DoD.
Antworten
  • Certifying Official
  • Auditor
  • Inspector
  • Investigator

Frage 159

Frage
Which of the following is the correct sequence of steps taken during DoD audits?
Antworten
  • Pre-planning, Planning, Fieldwork, Final Report
  • Management Comments, Fieldwork, Planning Final Report
  • Fieldwork, Pre-planning, Planning Draft Report
  • Fieldwork, Pre-planning, Draft Report, Planning

Frage 160

Frage
An audit is an impartial and objective appraisal or verification of all of the below EXCEPT:
Antworten
  • Data and procedures
  • Diverse operations, systems, and activities
  • The auditor's personal opinion of the process being audited, supplemented by his trusted advisors' opinions
  • Programs, functions, or funds

Frage 161

Frage
From the options below, please select the one that accurately lists types of control activities which organizations should adopt:
Antworten
  • Consequential, Detective, Preventative
  • Automated, Corrective, Detective
  • Preventative, Corrective, Detective
  • Corrective, Automated, Consequential

Frage 162

Frage
Established in 1982, the _______ promotes effective, efficient, and economic operations. It receives and investigates complaints and keeps the Secretary of Defense and congress informed
Antworten
  • DoDIG
  • Governmental Accountability Office
  • Army Audit Agency
  • Defense Contract Audit Agency

Frage 163

Frage
Government Accountability Office (GAO) Standards for Internal Control include all of the below, EXCEPT:
Antworten
  • Control Environment
  • Monitoring
  • Information and Communication
  • Control Execution

Frage 164

Frage
Which of the following is a characteristic of an external DoD auditor?
Antworten
  • The external auditor is independent of the organization DoD
  • External auditor is a part of the DoD
  • Reports provided by the external auditor remain within the organization DoD and are not distributed to the public
  • They are Government employees

Frage 165

Frage
[blank_start]Financial audits[blank_end] review whether financial information is presented fairly in accordance with criteria, while [blank_start]performance audits[blank_end] can review any subject or process to determine if it is efficient, effective, and complies with criteria.
Antworten
  • Financial audits
  • Attestation Engagements
  • Performance audits
  • performance audits
  • Financial audits
  • Attestation Engagements

Frage 166

Frage
Which of the following concerning internal controls is correct?
Antworten
  • Internal control is done once, like a checklist.
  • Internal control involves auditing of employees by external auditors.
  • Internal control is a process to obtain an absolute assurance that organization objectives will be met.
  • Internal control is a continuous part of operations used by an organization to achieve its mission.

Frage 167

Frage
Which characteristic is NOT common to both external and internal auditors?
Antworten
  • Provide independent and objective assessment
  • Evaluate risk management
  • Validate controls that are in place to prevent fraud, waste, and improprieties
  • Report outside the DoD

Frage 168

Frage
All of the statements below are accurate regarding Internal Control, EXCEPT:
Antworten
  • Internal control helps to produce reliable financial reporting
  • Internal control helps to maintain effective and efficient operations
  • Internal control implementation eliminates the need for managers to continuously assess the risks and adopt additional controls
  • Internal control helps to ensure compliance with applicable laws and regulations

Frage 169

Frage
What are the most important qualities of information?
Antworten
  • Relevance, Reliability, Timeliness
  • Correctness, Timeliness, Accuracy
  • Accuracy, Reliability, Correctness
  • Timeliness, Relevance, Accuracy

Frage 170

Frage
Which of the following in NOT an organization that audits DoD?
Antworten
  • DCAA
  • the Naval Audit Service
  • Army Audit Agency
  • The Accuracy Auditing Service

Frage 171

Frage
The Budget and Accounting Act of 1921 did which of the following:
Antworten
  • Required President to submit an annual budget to Congress
  • Created a budget office for the President
  • Established the Government Accountability Office
  • Required financial statements from each executive branch

Frage 172

Frage
An Undelivered Check occurs when a check is not delivered within 60 days after the date of issue. It is disposed of and then processed on a:
Antworten
  • SF 1098
  • SF 1219
  • SF 1099
  • SF 1180

Frage 173

Frage
What factors do NOT affect a certifying officers duty to report the existence and correctness of the facts stated in a voucher:
Antworten
  • Mistake
  • Inadvertency
  • Lack of Intent
  • Minor Violation
  • Difficult Working conditions
  • Lack of training or personnel
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