A commitment is a/an _______ reservation of funds.

The ________ provides guidance on interagency acquisitions.

The ______ branch of the Federal Government is the only branch with the ability to appropriate funds.

Personnel who are responsible for, or have custody of, government funds are:

"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.

Certifying Officers are responsible for all of the following EXCEPT:

The two kinds of Interagency acquisitions within the Federal Government are:

Only ________ has the authority to appropriate funds.

A service contract for on complete effort is a _________ services contract, such as a report or the design of a building.

Accountable officials are all personnel who are responsible for, or have custody of, government funds. Which of the following is NOT an accountable official?

The purpose of an appropriation act is to:

Any loss or deficiency of funds in the DoD is investigated. In order to find an accountable official personally liable, one must show:

Analysis of appropriations uses ____ guidance, including the National Defense Authorization Act; DoD Appropriations Acts; The Federal Acquisition Regulation (FAR); and the DoD FMR.

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?

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?

Annual appropriations remain available for new obligations for how long?

Operations and Maintenance (O&M) is an example of what type of appropriation?

RDT&E is an example of what type of appropriation?

Budget authority does not expire in what type of appropriation?

Which law established the House and Senate Budget Committees and the Congressional Budget Office (CBO)?

Who grants relief of liability to a certifying officer for erroneous or illegal payments in the DoD?

What type of budgetary resources remains available for new obligations for more than one fiscal year?

What type of budgetary resources remains available for new obligations until the purpose for which they were provided is carried out?

What agency apportions funds for a working capital fund?

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:

"The established rule is that the expenditure of public funds is proper only when authorized by Congress,"
describes __________________.

Which Act passed by Congress provides authorization for military construction?

Accounting classifications are codes used to:

To apply reasonable discretion and flexibility, the concept known as the _______________ was
developed which consists of a three part test?

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.

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:

What is the normal collection method of debts owed by active military members and civilian employees who are still in service?

When collecting debts owed by vendors that have failed to properly respond to the demand letters, what is the next step?

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?

To what, along with accountability, does certification equate?

Who, besides the disbursing officer, is likely to be held accountable for an improper payment?

If a civilian employee receives less than 90% of his or her normal biweekly pay and allowances, what may be or she request?

When a civilian employee moves from a job overseas to a job in the states, which organization pays for the Permanent Duty Travel?

Which of the following statements is FALSE regarding the Government Purchase Card Program?

Which agency is responsible for oversight of the DoD purchase card program?

Which branch of the Disbursing Office maintains and verifies funds and vouchers daily?

Internal control activities include all the following EXCEPT:

_______ 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.

The __________ contains general guidance to prepare, submit and process travel claims.

The ______ prepares checks for properly certified vouchers and prepares checks for cash for the Disbursing Officer, Deputy Disbursing Officer, and Agents.

Which of the following statements about effective internal control is NOT accurate?

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).

________ 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.

______ is the first stage of a reimbursable transaction.

The ______ signs the receiving report or invoice certifying the goods have been provided or services rendered.

Payroll Office personnel must ensure that payroll data is complete and _________.

As part of the DoD quality assurance and internal control programs, which organization leads the accounts receivable metric?

Which of the following statements is FALSE regarding the Government Purchase Card Program?

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

The GPRA requires agencies to define goals, set performance targets, and report what?

Any enforceable agreement between an agency and a business concern for the acquisition of property or services is called what?

What term is used to describe Federal Government funds that have been paid but have not yet been identified to a specific organization?

What term is used in SFFAS #4 to describe the process of accumulating, measuring, analyzing, interpreting, and reporting cost?

In proprietary accounting, assets equal liabilities plus what?

The aggregate amount of an entity's funds in the Treasury is in what account?

PP&E defines tangible assets with an estimated useful life of more than what number of years?

What is the Statement of Budgetary Resources equation?

Which financial statement shows the components of the net cost of the reporting entity's operation for the period?

What DoD accounting entity maintains a central general ledger?

When discussing accounting policy and process, one of the four main Agencies or activities that influence DoD accounting is?

The _____________ develops standards and principles for accounting and auditing, conducts audits, and reports its findings to Congress, along with recommendations.

A major role of DFAS is?

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.

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.

__________ provides a means to perform and monitor DFAS business management functions

__________ 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.

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?

Another type of funding for DoD is the Defense Working Capital Funds (DWCF) also known as a _____ fund.

Within the Defense Appropriation, the MILPERS is an annual appropriation. The purpose of MILPERS is to fund Active, Reserve, and National Guard ______ .

Disbursements are payments made to ________ an established obligation or provide cash in advance of performance.

What is the recognition of the expense of an asset over the years that benefit from the use of the asset?

Which of the following systems support interagency billing and colleting between the Federal Program Agencies (FPAs)?

The CFO Act of _____ focuses the financial management efforts of all Federal Departments and agencies on how well tax dollars are being spent.

If appropriation legislation is not enacted in time for future year operations to begin, what provides agencies the authority to continue operations?

DoD receives its funding or authorization, other than transfer appropriations, through all of the below EXCEPT which one?

The stages of expenditure accounting transactions are funding, commitment, obligation, expenditure and ___________.

How are funds distributed form DoD to their subordinate organizations and activities?

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.

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?

Within the Federal Government, the _________ is the financial manager for the Executive Branch.

By purpose, appropriated funds can be categorized as all of the below EXCEPT:

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.

_________________ 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.

The __________ phase of PPBE process establishes the final estimated costs for the DoD portion of the President's Budget.

The __________ is established for the codification and publication of uniform policies and procedures for acquisition by all executive agencies.

A _______ is directly related or traceable to an output or single product.

The ADA contains prohibitions with respect to the _______ use of funds an has punitive provisions for violations for the prohibitions.

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.

The Annual Statement of Assurance does not include:

What is the Federal law that specifically required existing CFO agencies to have financial statements that successfully pass a financial audit?

What is the definition of a 'successful financial audit?'

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?

Government audits provide essential elements of public accountability and what?

Which standards generally apply to General Government audits?

Who conducts, supervise, monitors, and initiates audits an investigations relating to DoD programs and operations?

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?

Auditors auditing with personal impairments violate which standard?

The auditor is restricted access to essential data necessary to satisfy the audit objective. What type of impairment would this be?

Which audit phase involves gathering evidence and determining materiality and significance of the findings?

During which audit phase would the auditor select the most important areas for audit coverage?

What document includes the audit objectives, findings ,and recommendations?

What should be considered when evaluating the effectiveness of DoD audit organizations?

What is the name of the GAO standard that provides reasonable assurance that DoD auditors comply with applicable auditing standards and DoD audit policies?

Inspection of office security, separate and secure storage of records and equipment, and restricted system access are examples of what kind of controls?

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?

Which of the statements below concerning Internal Control is correct?

Government Accountability Office (GAO) Standards for Internal Control include all of the below, except:

Which of the following is the management responsibility regarding Internal Control within an organization?

The Defense Contract Audit Agency (DCAA), one of the key organizations auditing DoD, reports to which level of government?

One of the main missions and roles of The Government Accountability Office (GAO) includes:

The most authoritative source of guidance used by internal and external DoD auditors is called _________.

Listed below are the different types of DoD audits, except:

Which statement below concerning Internal Auditors is true?

Which of the following is the correct sequence of steps taken during DoD audits?

Which of the below is an audit procedure frequently performed during Fieldwork by auditors?

Which of the following is the correct sequence of steps taken during DoD audits?

An audit is an impartial and objective appraisal or verification of all of the below EXCEPT:

From the options below, please select the one that accurately lists types of control activities which organizations should adopt:

Established in 1982, the _______ promotes effective, efficient, and economic operations. It receives and investigates complaints and keeps the Secretary of Defense and congress informed

Government Accountability Office (GAO) Standards for Internal Control include all of the below, EXCEPT:

Which of the following is a characteristic of an external DoD auditor?

Which of the following concerning internal controls is correct?

Which characteristic is NOT common to both external and internal auditors?

All of the statements below are accurate regarding Internal Control, EXCEPT:

What are the most important qualities of information?

Which of the following in NOT an organization that audits DoD?

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: