Basic Accounting Overview
*(001)The overall responsibility for commitment accounting is maintained by
(003) Which stage of accounting liquidates the obligation
What is AEP?
(004) Which system was designed as a single point of entry system and to standardize the business rules?
What is Defense Enterprise Accounting and Management System (DEAMS)
(005) Which is not a subsystem of the Defense Enterprise Accounting and Management System (DEAMS):
a. Standard Materiel Accounting System (SMAS).
b. Defense Joint Military System (DJMS).
c. Automated Disbursing System (ADS).
d. Standard Base Supply System (SBSS).
What is Defense Joint Military System (DJMS)?
(007) Who appoints the certifying official in writing
(003) The disbursement accounting process begins when
(004) Which area in the Defense Enterprise Accounting and Management System (DEAMS) is the business area of the reimbursable process:
a. Discoverer Viewer.
b. Order-to-Cash (O2C).
c. Budget-to-Reports (BTR).
d. Open Document Listing (ODL).
What is b. Order-to-Cash (O2C)?
*(006) Which system is a tool for categorizing, reporting, and, obtaining approval of upward adjustments to expired and canceled appropriations:
a. Standard Procurement System (SPS).
b. Integrated Accounts Payable System (IAPS).
c. Obligation Adjustment Reporting System (OARS).
d. Commitment Adjustment Reporting System (CARS).
What is Obligation Adjustment Reporting System (OARS)?
*(007) Who is held pecuniary liable for erroneous payments
What is Certifying official?
*(003) When a requirement is known but a firm price is not, an administrative reservation of funds is processed and is also known as
*(004) Which Defense Enterprise Accounting and Management System (DEAMS) user role is responsible for initiating the requisition process
*(005) Which subsystem of the Defense Enterprise Accounting and Management System (DEAMS) processes payment and collection data
What is Automated Disbursing System (ADS)?
*(008) In which stage of accounting does fund certification take place?
(003) Which of the following is not an obligation stage
a. Accrued Expenditures Paid (AEP).
b. Accured Expenditures Unpaid (AEU).
c. Undelivered Orders Outstanding (UOO).
d. Filled Customer Orders Uncollected (FCOU).
What is Filled Customer Orders Uncollected (FCOU)?
(003) Before making a payment, the resource advisor (RA) verifies:
a. goods/services are received.
b. receiving report is processed.
c. the invoice contains the proper data.
d. goods/services are received and receiving report is processed.
What is goods/services are received and receiving report was processed.
(006) Which system is a Web-based document repository system that supports information needs of the Defense Finance and Accounting Service (DFAS) and the service agencies of the Department of Defense (DOD)
What is Electronic Document Access (EDA)?
(S)(004) Which system is a customized financial ERP system built on the Oracle federal financial applications?
(S)(007) Who must be appointed in writing before they can perform funds certification
(002) Which funds are established to record collections for no year and clearing accounts:
a. Trust.
b. Deposit.
c. General.
d. Revolving.
(003) Which type of accounting is used to record a transaction pertaining to sales made by the Air Force
(S) (005) What does SMAS provide
It provides accounting and reporting for all working capital and fund supply management activities.
(S)(007) What takes place when a wrongful certification is identified
A determination is made to assess the level of liability and to whom it applies
(003) Which stage of reimbursement accounting occurs when Defense Finance and Accounting Service (DFAS) records the payments received:
(S)(003) What is an accrued expenditure paid
What is the final obligation stage when the actual disbursement of funds is processed?
(S)(004) Which reporting solution is used in conjunction with DEAMS to provide additional visibility to accounting information
(S)(008) Where can certifiers check fund availability in DEAMS prior to certifying the document:
What is Discoverer Viewer?