Quiz
CDFM Module 3 Quiz
Este quiz tem tipos de pergunta que abrem no player de sempre.
Perguntas do quiz (173)
1A commitment is a/an _______ reservation of funds.
- AAdministrative
- BLegal
- CObligation
- DContractual
2The ________ provides guidance on interagency acquisitions.
- ANational Defense Authorization Act
- BWhite House
- CJoint Travel Regulation
- DFederal Acquisition Regulation
3The ______ branch of the Federal Government is the only branch with the ability to appropriate funds.
- ALegislative
- BExecutive
- CJudicial
4Personnel who are responsible for, or have custody of, government funds are:
- ALegislative Officers
- BNot Listed
- CRanking members
- DAccountable Officials
5"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.
- ATime
- BPurpose
- CAmount
- DLegal
6Certifying Officers are responsible for all of the following EXCEPT:
- AIllegal or improper payments made based on an improper certificate
- BDisbursing funds in accordance with certified vouchers
- CThe legality of the proposed payment
- DThe correctness of the documentation
7The two kinds of Interagency acquisitions within the Federal Government are:
- ADirected; Assisted
- BStraight; Assisted
- CFinancial; Executive
- DShort Term; Long Term
8Only ________ has the authority to appropriate funds.
- ACongress, Legislative Branch
- BSupreme court, Judicial Branch
- CThe DoD, Executive Branch
- DThe Executive Branch
9A service contract for on complete effort is a _________ services contract, such as a report or the design of a building.
- ALiability
- BSeverable
- CContingent
- DNon-severable
10Accountable officials are all personnel who are responsible for, or have custody of, government funds. Which of the following is NOT an accountable official?
- ADisbursing Officer
- BCommercial vendor
- CApproving Official
- DCertifying Officer
11The purpose of an appropriation act is to:
- AProvide the judicial branch with the legal authority to dispense Federal funds for the government
- BProvide legal authority for Federal agencies to incur obligations and to make payments out of the Treasury for specified purposes
- CAllow unlimited access of funds to agencies that need it
- DPrevent Federal agencies from spending funds
12Any loss or deficiency of funds in the DoD is investigated. In order to find an accountable official personally liable, one must show:
- ANothing, the accountable official cannot be held liable
- BSimple negligence on the part of the contracting office
- CThe loss was negligent or lacking in reasonable care
- DExtreme negligence on the part of the accountable official
13Analysis of appropriations uses ____ guidance, including the National Defense Authorization Act; DoD Appropriations Acts; The Federal Acquisition Regulation (FAR); and the DoD FMR.
- Aboth verbal and written
- Bauthoritative
- Cstate and local
- Dgeneral
14Every 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?
- AFamily Housing Act
- BThe Grassley Act
- CMilitary Financial Funding Act
- DNational Defense Authorization Act
15Fiscal 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?
- AJudicial court Rulings and Comptroller General decisions
- BLegislative Appropriations and authorizations acts
- CThe Constitution
- DFederal Acquisition Regulation
16Federal appropriations law can be categorized into which three topical areas?
- APurpose
- BTime
- CAmount
- DNecessity
17In the DoD, final decisions of fiscal law questions are 'officially' rendered by whom?
- ADoD General Counsel
- BCourts
- CUSD(C)
- DUS Supreme Court
18What are the basic types of budget authority used in the Federal Government?
- AAppropriations
- BContract Authority
- CBorrowing Authority
- DMonetary Credits
- EOffsetting Collections and Receipts
- FLoan and Loan Guarantee Authority
- GAdvance Obligation
19Annual appropriations remain available for new obligations for how long?
- AOne fiscal year
- BOne calendar year
- CFive fiscal years
- DThree calendar years
20Operations and Maintenance (O&M) is an example of what type of appropriation?
- AAnnual
- BMultiyear
- CNo-year
- DAdvance
21RDT&E is an example of what type of appropriation?
- AAnnual
- BMultiyear
- CNo-Year
22Budget authority does not expire in what type of appropriation?
- ANo-year
- BMultiyear
- CAnnual
23Article 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]
- ACongress
24Which law established the House and Senate Budget Committees and the Congressional Budget Office (CBO)?
- ACongressional Budget Act of 1974
- BCFO Act of 1990
- CNational Defense Authorization Act
- DBudget Control Act of 1987
25What are the tests which must be met for use of the Necessary Expense doctrine?
- ALogical Relationship
- BNot Prohibited by Law
- CNot Funded Elsewhere
- DWithin the same Fiscal Year
26Who are determined to be accountable officers in the DoD?
- ADisbursing Officers
- BDepartmental Accountable Officials
- CCertifying Officers
- DNone Listed
27Who grants relief of liability to a certifying officer for erroneous or illegal payments in the DoD?
- ADFAS
- BDoD General Counsel
- COUSD (Comptroller)
- DGAO
28What type of budgetary resources remains available for new obligations for more than one fiscal year?
- ANo-Year
- BMultiyear
- CAnnual
29What type of budgetary resources remains available for new obligations until the purpose for which they were provided is carried out?
- ANo-year
- BMultiyear
- CAnnual
30What type of Congressional resolution can be thought of as a temporary appropriations act? [blank_start]Continuing Resolution[blank_end]
- AContinuing Resolution
31If a Contracting Officer signs a contract in advance of an appropriation, what type of violation has occurred? [blank_start]Antideficiency Act Violation[blank_end]
- AAntideficiency Act Violation
32What agency apportions funds for a working capital fund?
- ADFAS
- BOMB
- CDCAA
- DAAFES
33What law requires the President to submit an annual budget? [blank_start]Budget and Accounting Act of 1921[blank_end]
- ABudget and Accounting Act of 1921
- BBudget and Impoundment Control Act 1974
- CBalanced Budget & Emer. Defecit 1985
34Match 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."- APURPOSE
- B31 USC 1301
- CTIME
- D31 USC 1502
- EAMOUNT
- F31 USC 1341
- G31 USC 1342
- H31 USC 1517
35An 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.
- Aaugment
36An agency may accept a gift given in the name of the US.
- AVerdadeiro
- BFalso
37Name 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]- AAdministrative
- BCriminal
38In 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)
- AVerdadeiro
- BFalso
39Consider 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:
- A$1 billion
- B$500 million
- CNot enough information
- D$2.5 million
40If 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.
- AVerdadeiro
- BFalso
41"The established rule is that the expenditure of public funds is proper only when authorized by Congress,"
describes __________________.- ALegislative authority
- BAffirmative authority
- CJudicial authority
- DExecutive authority
42Which Act passed by Congress provides authorization for military construction?
- AConsolidated Appropriations Act
- BLegislative Authorization Act
- CDoD Appropriations Act
- DNational Defense Authorization Act
43Accounting classifications are codes used to:
- AEnsure funding is reliable and timely
- BDetermine changes to existing authorizations
- CManage appropriations and implement funds control
- DEnsure proper funding is authorized
44To apply reasonable discretion and flexibility, the concept known as the _______________ was
developed which consists of a three part test?- APurpose statute
- BNecessary expense rule
- CAppropriations rule
- DDiscretionary statute
45The 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.
- ACommitments
- BNon-severable services
- CAccruals
- DOperations
46The 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:
- ADecrees agencies must prescribe administrative control of funds
- BProhibits expenditure or obligation exceeding an appropriation
- CEstablishes strict provisions for ADA violations that apply in all circumstances
- DProvides the means for reporting ADA violations
47What are the major finance functions in DoD Finance?
- AEntitlements
- BPayments
- CCollection
- DControl of Public Funds
48What is the primary organization in DoD with the responsibility for Finance requirements?
[blank_start]DFAS[blank_end]- ADFAS
49What is the acronym for disbursing office identification numbers?
[blank_start]DSSN[blank_end]- ADisbursing Station Symbol Number (DSSN)
50What primary types of official are accountable Individuals in DoD?
- ADepartment Accountable Officials
- BCertifying Officers
- CDisbursing Officers
- DNone Listed
51Debt collection includes collection of debts from what groups?
- AActive Military and Civilians
- BRetired Military and Civilians
- CVendors
52What is the normal collection method of debts owed by active military members and civilian employees who are still in service?
- ASalary Offset
- BReferral to the IRS
- CThe employee must pay via check or cash
53When collecting debts owed by vendors that have failed to properly respond to the demand letters, what is the next step?
- AReferral to the IRS
- BDo Not Pay List
- CNegotiation
54When 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?
- AAdvanced Decision
- BRelief in Place
- CEscalation of Certification
55To what, along with accountability, does certification equate?
- ALiability
- BResponsibility
- CKnowledge
- DAcceptance
56Who, besides the disbursing officer, is likely to be held accountable for an improper payment?
- ACertifying Officer
- BVendor
- CContracting Officer
57If a civilian employee receives less than 90% of his or her normal biweekly pay and allowances, what may be or she request?
- ASpecial Pay
- BAdvance on Salary
- CLeave
58When a civilian employee moves from a job overseas to a job in the states, which organization pays for the Permanent Duty Travel?
- AThe "losing" activity
- BThe "gaining" activity
- CDFAS
- DThe employee
59Name the supporting documents required in the DoD payment package.
- AInvoice
- BProof of Receipt
- CAcceptance Document
- DContract
- EManufacturer Quality Sheet
60Name two key forms that provide accountability and control by Disbursing Officers.
- ASF 1219
- BDD 2657
- CSF 33
- DDD 1687
61Which of the following statements is FALSE regarding the Government Purchase Card Program?
- AMay be used for personal use
- BOnly the authorized cardholder may use the purchase card
- CAll purchases must be proper, legal, reasonable, and satisfy a bona fide need of the government
- DIntentional misuse of the card can result in disciplinary action, including card revocation, loss of job, fines, and/or confinement
62Which agency is responsible for oversight of the DoD purchase card program?
- AGeneral Services Administration (GSA)
- BOffice of the Under Secretary of Defense for Acquisition, Technology and Logistics (OUSD(AT&L))
- CDefense Finance and Accounting Service (DFAS)
- DDefense Contract Audit Agency (DCAA)
63Which branch of the Disbursing Office maintains and verifies funds and vouchers daily?
- ACheck Branch
- BAccounts Branch
- CCredit Branch
- DCash Branch
64Internal control activities include all the following EXCEPT:
- ASegregation of duties
- BProper authorization
- CAdequate documentation
- DAddressing Information Technology (IT) application controls separately from general controls
65_______ 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.
- ASegregation of duties
- BProper authorization
- CAdequate documentation
- DIndependent check
66The __________ contains general guidance to prepare, submit and process travel claims.
- AFinancial Management Distributed Learning Center (FMDLC) guide
- BFinancial Management Regulation (FMR)
- CFederal Acquisition Regulation (FAR)
- DTreasury Financial Manual (TFM)
67The ______ prepares checks for properly certified vouchers and prepares checks for cash for the Disbursing Officer, Deputy Disbursing Officer, and Agents.
- AAccounts Branch
- BCash Branch
- CCheck Branch
- DCredit Branch
68Which of the following statements about effective internal control is NOT accurate?
- ASegregation 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.
- BEffective internal control procedures depend largely on relying on the fewest number of people as possible to record and adjust high value transactions.
- CInternal control involves eliminating opportunities to conceal errors or irregularities
- DSegregation of duties or separation of duties, minimizes the potential for errors or attempts at fraud or embezzlement from going undetected.
69A(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).
- AAccountant
- BPaying Agent
- CBilling Officer
- DAdministrative Contracting Officer
70________ 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.
- ADisbursing Officers
- BClerks
- CBilling Officers
- DAccountants
71______ is the first stage of a reimbursable transaction.
- AEarned reimbursement
- BCollection
- CReimbursable authority received by the providing activity
- DOrder Received
72The ______ signs the receiving report or invoice certifying the goods have been provided or services rendered.
- AProcurement Contracting Officer
- BBilling Office
- CCertifying Officer
- DAdministrative Contracting Officer
73Payroll Office personnel must ensure that payroll data is complete and _________.
- AAudit ready
- BAccurate
- CConsistent
- DReliable
74As part of the DoD quality assurance and internal control programs, which organization leads the accounts receivable metric?
- AOUSD (C) Deputy CFO
- BOUSD (C) Business Integration Office (BIO)
- COUSD (C) Accounting and Fiscal Policy Directorate (A&FP)
- DDFAS
75Which of the following statements is FALSE regarding the Government Purchase Card Program?
- AMay not be used for personal use.
- BAuthorized cardholders and family members may use the card
- CAll purchases must be proper, legal, reasonable, and satisfy a bona fide need of the government.
- DIntentional misuse of the card can result in disciplinary action, including card revocation, loss of job, fines, and jail time.
76The Budget and Accounting Act of 1921 established the GAO (Legislative Branch) to audit financial transactions of which branch of the Government?
- ALegislative
- BExecutive
- CJudicial
77The GPRA requires agencies to define goals, set performance targets, and report what?
- AActual Performance
- BAuditability Status
- CRisk Management Plan
- DBudget
78Any enforceable agreement between an agency and a business concern for the acquisition of property or services is called what?
- AContract
- BCommitment
- COutlay
- DAuthorization
79What term is used to describe Federal Government funds that have been paid but have not yet been identified to a specific organization?
- AUndistributed Disbursements
- BUnmatched Transaction
- CUnidentified Outlay
- DMiscellaneous Disbursement
80What term is used in SFFAS #4 to describe the process of accumulating, measuring, analyzing, interpreting, and reporting cost?
- AManagerial Accounting
- BFinancial Accounting
- CProprietary Accounting
- DBudgetary Accounting
81What are the two self-balancing sets of accounts in the U.S. General Standard General Ledger (USGSGL)?
- ABudgetary
- BProprietary
- CAssets
- DMiscellaneous
82In proprietary accounting, assets equal liabilities plus what?
- ANet Position
- BRevenue
- CExpenses
- DBudgetary Status
83The aggregate amount of an entity's funds in the Treasury is in what account?
- AFund Balance with Treasury
- BUndistributed Disbursements
- CImprest Fund
- DAdvances
84PP&E defines tangible assets with an estimated useful life of more than what number of years?
- A5 years
- B2 years
- C1 year
- D20 years
85What is the Statement of Budgetary Resources equation?
- AStatement of Budgetary Resources = Status of Budgetary Resources
- BStatement of Budgetary Resources = Liabilities + Net Position
- CStatement of Budgetary Resources = Status of Budgetary Resources + Outlays
- DStatement of Budgetary Resources = Obligations + Outlays
86Which financial statement shows the components of the net cost of the reporting entity's operation for the period?
- AStatement of Changes in Net Position
- BStatement of Net Cost
- CStatement of Budgetary Resources
- DBalance Sheet
87What DoD accounting entity maintains a central general ledger?
- ADFAS
- BOMB
- CDCAA
- DFASAB
88Which three Federal agencies established the FASAB?
- AOMB
- BOUSD (C)
- CGAO
- DDept. of Treasury
89When discussing accounting policy and process, one of the four main Agencies or activities that influence DoD accounting is?
- AOffice of the Under Secretary of Defense (Comptroller) (OUSD(C))
- BGovernment Accountability Office (GAO)
- CDoD Office of the Inspector General (DoDIG)
- DFederal Accounting Standards Advisory Board (FASAB)
90The _____________ develops standards and principles for accounting and auditing, conducts audits, and reports its findings to Congress, along with recommendations.
- ADoDIG
- BGAO
- CU.S. Treasury
- DDefense Finance and Accounting Services (DFAS)
91A major role of DFAS is?
- AFinancial manager for the Executive Branch
- BActs as the government’s bank
- CDirects finance and accounting requirements
- D"Deliberates on and makes recommendations on accounting principles
and standards"
92The _____________ 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.
- AFederal Managers Financial Integrity Act (FMFIA)
- BGovernment Performance and Results Act (GPRA)
- CInspector General Act (IGA)
- DChief Financial Officers Act (CFOA)
93The ___________ 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.
- ADoD FMR
- BOMB Circulars
- CTreasury Financial Manuals (TFMs)
- DFederal Acquisition Regulation (FAR)
94__________ provides a means to perform and monitor DFAS business management functions
- AE-Biz
- BEnterprise Business System (EBS)
- CGeneral Accounting and Finance System (GAFS
- DStandard Finance System (STANFINS)
95__________ 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.
- ADefense Enterprise Accounting and Management System (DEAMS)
- BGeneral Fund Enterprise Business System (GFEBS)
- CDefense Agencies Initiative (DAI)
- DIntra-Governmental Payment and Collection (IPAC)
96Identify 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]- ABudgetary
- BProprietary
- CBudget
- DLiability
- EAsset
- FRevenue
- GExpense
- HGain/Loss
- IDebit
- JCredit
97Identify 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]- AProprietary
- BBudgetary
- CLiability
- DAsset
- ENet Position
- FExpense
- GRevenue
- HGain/Loss
- ICredit
- JDebit
98Identify 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]- AProprietary
- BBudgetary
- CAsset
- DLiability
- EExpense
- FRevenue
- GGain/Loss
- HBudget
- IDebit
- JCredit
99Identify 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]- AProprietary
- BBudgetary
- CNet Position
- DBudget
- ELiability
- FAsset
- GRevenue
- HExpense
- IGain/Loss
- JCredit
- KDebit
100Identify 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]- AProprietary
- BBudgetary
- CAsset
- DLiability
- EExpense
- FRevenue
- GBudget
- HGain/Loss
- INet Position
- JDebit
- KCredit
101The USSGL is composed of five major sections: Chart of Accounts, Account Descriptions, Accounting
Transactions, USSGL Attributes, and [blank_start]____________[blank_end].- AReport Crosswalks
- BTrial Balances
- CDDRS-B
- DDDRS-AFS
102The [blank_start]SF 132[blank_end] shows the amount of dollars the unit has available.
- ASF 132
- BSF 133
- CSF 1219
- DSF 1329
103As 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?- AAuthority Received stage
- BOrders Received stage
- CEarned Reimbursement stage
- DCollection/Transfer stage
104There are two primary objectives for the managers of a revolving fund: control of all the costs of production and
[blank_start]_________[blank_end].- AExpenditure of funds
- BMaintain a positive cash flow
- CThe Antideficiency Act (ADA)
- DCapital
105There are two general categories of costs: capital cost and [blank_start]operating cost[blank_end].
- Aoperating cost
- Bdirect cost
- Cindirect cost
- Dg&a cost
106Another type of funding for DoD is the Defense Working Capital Funds (DWCF) also known as a _____ fund.
- ARevolving
- BInvestment
- CProcurement
- DOperations
107Within the Defense Appropriation, the MILPERS is an annual appropriation. The purpose of MILPERS is to fund Active, Reserve, and National Guard ______ .
- APersonnel
- BProcurement
- CResearch
- DInvestmenet
108Disbursements are payments made to ________ an established obligation or provide cash in advance of performance.
- AObligate
- BLiquidate
- CGeneral and Administrative
- DCommit
109What is the recognition of the expense of an asset over the years that benefit from the use of the asset?
- AAmortization
- BDepreciation
- CDepletion
- DFull Cost Recovery
110Which of the following systems support interagency billing and colleting between the Federal Program Agencies (FPAs)?
- ADefense Cash Accountability System (DCAS)
- BCA$HLINK
- CMechanization of Contract Administration Services (MOCAS)
- DIntra-governmental Payment and Collection System (IPAC)
111The CFO Act of _____ focuses the financial management efforts of all Federal Departments and agencies on how well tax dollars are being spent.
- A1989
- B1995
- C1990
- D1985
112If appropriation legislation is not enacted in time for future year operations to begin, what provides agencies the authority to continue operations?
- APerformance Based Agreement (PBA)
- BContinuing Resolution Authority
- CReappropriaiton
- DReprogramming
113DoD receives its funding or authorization, other than transfer appropriations, through all of the below EXCEPT which one?
- ADoD Appropriations Act
- BMilitary Construction Act
- CNational Defense Authorization Act
- DPrompt Payment Act
114The stages of expenditure accounting transactions are funding, commitment, obligation, expenditure and ___________.
- AReprogramming
- BAppropriation
- CDisbursement
- DClearing Account
115How are funds distributed form DoD to their subordinate organizations and activities?
- AApportionments
- BAppropriations
- CFunding Authorization Documents (FADs) and Operating Budget Authority Documents (OBADs)
- DWarrants
116The 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.
- ATotal
- BNo
- CUnreasonable
- DReasonable
117Which 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?
- ADD 2665, Daily Agent Accountability Summary
- BDD 2657, Daily Statement of Accountability
- CSF 1219, Statement of Accountability
- DARM 1307, Accounting Report Monthly 1307, Report of Operations
118Within the Federal Government, the _________ is the financial manager for the Executive Branch.
- AOffice of Management and Budget (OMB)
- BTreasury
- CDefense Finance and Accounting (DFAS)
- DOffice of the Under Secretary of Defense (Comptroller)
119By purpose, appropriated funds can be categorized as all of the below EXCEPT:
- ADirect Funds
- BResearch Funds
- CInvestment Funds
- DOperating Funds
120The 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.
- ADeputies
- BCertifying Officers
- CComptrollers
- DChief Financial Officers
121_________________ 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.
- AEnterprise Resource Planning
- BGovernment Performance Results Act
- CPrompt Payment
- DStrategic Planning
122The __________ phase of PPBE process establishes the final estimated costs for the DoD portion of the President's Budget.
- AProgramming
- BBudget Formulation
- CExecution
- DPlanning
123The __________ is established for the codification and publication of uniform policies and procedures for acquisition by all executive agencies.
- AOffice of Management and Budget (OMB) A-123
- BOffice of Management and Budget (OMB) A-11
- CDoD FMR
- DFederal Acquisition Regulation (FAR)
124A _______ is directly related or traceable to an output or single product.
- AIndirect cost
- BDirect cost
- CMixed cost
- DCapital cost
125The ADA contains prohibitions with respect to the _______ use of funds an has punitive provisions for violations for the prohibitions.
- AAuthorized
- BLegal
- CAppropriated
- DUnauthorized
126The 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.
- AInformation Security
- BPassword
- CAudit compliance
- DGovernment Performance and Results Act (GPRA)
127The Annual Statement of Assurance does not include:
- AStatement of compliance
- BControls are achieving their intended objectives
- CMaterial weaknesses are identified
- DStrategic Plan
128What is the Federal law that specifically required existing CFO agencies to have financial statements that successfully pass a financial audit?
- ACFO Act of 1990
- BGovernment and Management Reform Act (GMRA) of 1994
- CGovernment Performance and Results Act (GPRA) of 1993
- DGovernment Performance and Results Act Modernization Act (GPRAMA) of 2010
129What is the definition of a 'successful financial audit?'
- AAll government agencies have had financial statements audited
- BAchieving an unqualified audit opinion
- CNo material weaknesses found
- DAchieving a qualified audit opinion
130In 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?
- AWave 1
- BWave 2
- CWave 3
- DWave 4
131Government audits provide essential elements of public accountability and what?
- AControl
- BJustice
- CAbsolute Assurance
- DDeniability
132Which standards generally apply to General Government audits?
- AGenerally Accepted Government Auditing Standards (GAGAS)
- BGenerally Accepted Accounting Principles
- CGenerally Accepted Auditing Standards (GAAS)
- DInternational Auditing Standards (IAS)
133Who conducts, supervise, monitors, and initiates audits an investigations relating to DoD programs and operations?
- ADoD IG
- BOUSD (C)
- CDFAS Audit Director
- DDefense Audit Agency
134Which 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?
- ADoD IG Handbook
- BDefense Audit Guidance
- CGenerally Accepted Government Audit Standards Briefing
- DManager's Internal Control Program Handbook
135Auditors auditing with personal impairments violate which standard?
- AIndependence
- BTechnical Training
- CProfessional Care
136An 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.
- A80
- B60
- C120
- D40
- E20
- F40
- G10
- H60
137The auditor is restricted access to essential data necessary to satisfy the audit objective. What type of impairment would this be?
- AExternal Impairment
- BPersonal Impairment
- CInternal Impairment
138[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.
- AFinancial Audits
- BPerformance Audits
- CAttestatation Engagements
139[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.
- APerformance audits
- BFinancial audits
- CAttestation Engagement
140Which audit phase involves gathering evidence and determining materiality and significance of the findings?
- APlanning
- BReview
- CReporting
141During which audit phase would the auditor select the most important areas for audit coverage?
- APlanning
- BReview
- CReporting
142What document includes the audit objectives, findings ,and recommendations?
- AThe Audit Report
- BOpinion
- CBalance Sheet
- DManager's Assessment
143What should be considered when evaluating the effectiveness of DoD audit organizations?
- AAudit Benefits
- BPeople
- CLocation
- DProcess Documents
144What is the name of the GAO standard that provides reasonable assurance that DoD auditors comply with applicable auditing standards and DoD audit policies?
- AQuality Control and Assurance
- BInternal Controls
- CIndependence
145Inspection of office security, separate and secure storage of records and equipment, and restricted system access are examples of what kind of controls?
- AInternal Controls
- BPhysical Security
- CAuditability
146If 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?
- AThreat to Auditor Indpendence
- BConflict of Interest
- CIneffective Audit Procedures
- DQuestionable Relationship
147Which of the statements below concerning Internal Control is correct?
- AInternal Control is done once, like a checklist
- BInternal Control involves auditing of employees by external auditors
- CInternal Control is a process to obtain an absolute assurance that organization objectives will be met
- DInternal Control is a continuous part of operations used by an organization to achieve its mission
148Government Accountability Office (GAO) Standards for Internal Control include all of the below, except:
- AMonitoring
- BControl Activities
- CImplementation
- DControl Environment
149Which of the following is the management responsibility regarding Internal Control within an organization?
- ARisk assessment, documentation and developing of controls to mitigate risks
- BTesting effectiveness and efficiency of Internal Controls
- CRisk assessment at the highest level since only these kinds of risks can have a material impact to an organization's mission
- DImplementation of controls on a day-to-day basis
150List the Agencies that Audit DoD:
- ADoD IG
- BDefense Contracting Audit Agency
- CArmy Audit Agency
- DNaval Service Audit Agency
- EGAO
- FAir Force Audit Agency
151The Defense Contract Audit Agency (DCAA), one of the key organizations auditing DoD, reports to which level of government?
- ACongress
- BThe Secretary of the Army
- CThe Department of Defense Level
- DThe Secretary of the Air Force
152One of the main missions and roles of The Government Accountability Office (GAO) includes:
- AProviding assistance with negotiation, administration, and settlement of contracts and subcontracts
- BAssessing and improving Air Force fiduciary stewardship and the accuracy of financial reporting
- CInvestigating and auditing Federal Government taxpayer dollars spending
- DProviding independent audit services to assist Department of the Navy leadership in assessing risk to improve efficiency, accountability, and program effectiveness
153The most authoritative source of guidance used by internal and external DoD auditors is called _________.
- AFederal Accounting Standards Advisory Board (FASAB) Technical Bulletins
- BGenerally Accepted Governmental Auditing Standards (GAGAS)
- COffice of Management and Budget (OMB) Circular A-123 Appendix A
- DTechnical Releases of the Accounting and Auditing Policy Committee of the FASAB
154Listed below are the different types of DoD audits, except:
- ACompliance Audits
- BFinancial Audits
- CAttestation Engagements
- DPerformance Audits
155Which statement below concerning Internal Auditors is true?
- AInternal auditors perform audits to express an opinion on the financial statements
- BInternal auditors can express a partial opinion on the financial statements
- CInternal auditors can never assist external auditors in audits over internal controls since that might violate an organization's policies
- DInternal auditors can assist in the auditing process by performing limited reviews; however, they cannot express an opinion on the financial statements
156Which of the following is the correct sequence of steps taken during DoD audits?
- AFieldwork, Pre-Planning, Draft Report, Planning
- BFieldwork, Pre-Planning, Planning Draft Report
- CManagement Comments, Fieldwork, Planning, Final Report
- DPre-Planning, Planning, Fieldwork, Final Report
157Which of the below is an audit procedure frequently performed during Fieldwork by auditors?
- AReviewing prior audit findings and recommendations
- BConducting exit conference with management
- CDeveloping a risk-based audit guide
- DCoordinating with external audit agencies
158An [blank_start]________[blank_end] will determine whether a process is effective and efficient and will make recommendations to an organization DoD.
- ACertifying Official
- BAuditor
- CInspector
- DInvestigator
159Which of the following is the correct sequence of steps taken during DoD audits?
- APre-planning, Planning, Fieldwork, Final Report
- BManagement Comments, Fieldwork, Planning Final Report
- CFieldwork, Pre-planning, Planning Draft Report
- DFieldwork, Pre-planning, Draft Report, Planning
160An audit is an impartial and objective appraisal or verification of all of the below EXCEPT:
- AData and procedures
- BDiverse operations, systems, and activities
- CThe auditor's personal opinion of the process being audited, supplemented by his trusted advisors' opinions
- DPrograms, functions, or funds
161From the options below, please select the one that accurately lists types of control activities which organizations should adopt:
- AConsequential, Detective, Preventative
- BAutomated, Corrective, Detective
- CPreventative, Corrective, Detective
- DCorrective, Automated, Consequential
162Established in 1982, the _______ promotes effective, efficient, and economic operations. It receives and investigates complaints and keeps the Secretary of Defense and congress informed
- ADoDIG
- BGovernmental Accountability Office
- CArmy Audit Agency
- DDefense Contract Audit Agency
163Government Accountability Office (GAO) Standards for Internal Control include all of the below, EXCEPT:
- AControl Environment
- BMonitoring
- CInformation and Communication
- DControl Execution
164Which of the following is a characteristic of an external DoD auditor?
- AThe external auditor is independent of the organization DoD
- BExternal auditor is a part of the DoD
- CReports provided by the external auditor remain within the organization DoD and are not distributed to the public
- DThey are Government employees
165[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.
- AFinancial audits
- BAttestation Engagements
- CPerformance audits
- Dperformance audits
- EFinancial audits
- FAttestation Engagements
166Which of the following concerning internal controls is correct?
- AInternal control is done once, like a checklist.
- BInternal control involves auditing of employees by external auditors.
- CInternal control is a process to obtain an absolute assurance that organization objectives will be met.
- DInternal control is a continuous part of operations used by an organization to achieve its mission.
167Which characteristic is NOT common to both external and internal auditors?
- AProvide independent and objective assessment
- BEvaluate risk management
- CValidate controls that are in place to prevent fraud, waste, and improprieties
- DReport outside the DoD
168All of the statements below are accurate regarding Internal Control, EXCEPT:
- AInternal control helps to produce reliable financial reporting
- BInternal control helps to maintain effective and efficient operations
- CInternal control implementation eliminates the need for managers to continuously assess the risks and adopt additional controls
- DInternal control helps to ensure compliance with applicable laws and regulations
169What are the most important qualities of information?
- ARelevance, Reliability, Timeliness
- BCorrectness, Timeliness, Accuracy
- CAccuracy, Reliability, Correctness
- DTimeliness, Relevance, Accuracy
170Which of the following in NOT an organization that audits DoD?
- ADCAA
- Bthe Naval Audit Service
- CArmy Audit Agency
- DThe Accuracy Auditing Service
171The Budget and Accounting Act of 1921 did which of the following:
- ARequired President to submit an annual budget to Congress
- BCreated a budget office for the President
- CEstablished the Government Accountability Office
- DRequired financial statements from each executive branch
172An 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:
- ASF 1098
- BSF 1219
- CSF 1099
- DSF 1180
173What factors do NOT affect a certifying officers duty to report the existence and correctness of the facts stated in a voucher:
- AMistake
- BInadvertency
- CLack of Intent
- DMinor Violation
- EDifficult Working conditions
- FLack of training or personnel
Informações
- Descrição
- CDMA Government Quiz sobre CDFM Module 3 Quiz, criado por Darius R Hinton em 11-04-2017.
- Autor
- Darius R Hinton
- Idioma
- English
- Visualizações
- 1.875
- Histórico
- Criado em 11 abr 2017 · atualizado em 21 abr 2017
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