Basic Elements of Financial Planning; Call f/estimates
(210) The basic purpose of the O&M execution plan is to ensure an equitable apportionment of the:
defense guidance.
president’s budget.
unfunded requirements.
What is president’s budget?
(213) Personnel in the financial analysis office
a. prepare the financial plan alone.
b. guide managers and resource advisors in preparing budget requirements.
c. are not expected to be very familiar with the many functional areas on the installation.
d. bear the sole responsibility of budgeting to include management concepts, techniques, and procedures.
What is guide managers and resource advisors in preparing budget requirements?
(214) The Operations and Maintenance (O&M) execution plan will have narratives written at what level:
a. Sub-Activity Group (SAG).
b. Operating Budget Account Number (OBAN).
c. Cost Center Manager (CCM).
d. Responsibility Center/Cost Center (RC/CC).
What is Sub-Activity Group (SAG)?
(215) Who reviews the financial plan to make sure that estimated costs and justifications are factual and complete:
a. Financial Management Analysis (FMA).
b. Financial Management Board (FMB).
c. Financial Working Group (FWG).
d. Comptroller.
Who is Financial Management Board (FMB)?
(217) Which expense is not reimbursable for military family housing:
a. Charges for mobile home space rental.
b. Amounts paid for utilities and services.
c. Support of family housing owned by another service.
d. Charges for initial utility connection of privately owned mobile homes.
What is Charges for mobile home space rental?
(210) Funds made available to the Air Force cannot be established in reserve accounts to use later, therefore funds are programmed
a. in their entirety.
b. on a monthly basis.
c. on a quarterly basis.
d. in six month increments
What is in their entirety?
(213) A balanced equitable program consists of a balance between
a. mission and support requirements.
b. mission and nonappropriated requirements.
c. nonappropriated and support requirements.
d. nonappropriated and appropriated requirements
What is mission and support requirements?
(214) Before submission of the financial requirements for the operations and maintenance appropriation operating budget, the operating budget must include verification:
a. of program elements.
b. of major force programs.
c. that bogeys have not been exceeded.
d. of object sub class/investment codes.
What is that bogeys have not been exceeded?
(S)(215)How can you avoid questions about terminology during the briefing:
What is showing a slide with the unfamiliar terms as part of the preview of slides to follow?
(217) Which program within the research, development, test, and evaluation appropriation includes work performed under contract with other government agencies, private industry, and educational institutions:
a. Operations and Maintenance (O&M).
b. Management and support.
c. Outsourcing.
d. Mission.
What is Mission?
(211) The directive to price an approved program in a specific format is called
a. Program Objective Memorandum (POM).
b. Defense guidance.
c. Command Call.
d. USAF Call.
(212) How many parts are included in the Bogey:
(S)(214) What is the purpose of the narrative justification
What is to portray the mission requirements that the requested funds will support?
*(216) Where are the reporting systems used to analyze spending data:
a. Defense Enterprise Accounting and Management System (DEAMS).
b. Automated Business Service System.
c. Wide Area Workflow (WAWF).
d. Tri-Annual Review (TAR).
What is Defense Enterprise Accounting and Management System (DEAMS)?
(217) At which level does the Air Force manage research, development, test, and evaluation funds for the current and immediate preceding fiscal year:
(211) In what month does the Secretary of the Air Force (SAF) issue the USAF Call to the MAJCOMs:
(212) What process does the Air Force use to sharpen financial planning:
a. Bogey concept.
b. Initial distribution.
c. President’s budget (PB).
d. Continuing Resolution Authority (CRA).
(S)(214) What is the primary purpose in preparing the operating budget:
What is to tell higher headquarters not only how much money you need to carry out your mission but also what you need it for?
*(215) You can submit the budget to your MAJCOM after whose approval:
Who is Financial Management Board (FMB)?
(217) Appropriation 3080 funds are available for obligating investment equipment in what cost range and for how long:
(210) Identify which of the basic principles of financial planning is least understood because of the way it affects the base-level manager:
a. Programmed appropriations.
b. Responsibility for financial planning.
c. Separate capital costs from operating costs.
d. Specific authorization to control appropriations.
What is Separate capital costs from operating costs?
A bogey represents a lump sum dollar amount used as a target for skillful and accurate planning toward a future point in time. A bogey is a forecasted availability of funds
(214) How many sections must be included in the O&M execution plan:
What is four?
Oracle Business Intelligence Enterprise Edition
Discoverer Viewer
Procure to Pay Inquiry.
*(217) What are the two appropriations for management of military family housing:
What is the largest program you will be dealing with—the heart of your job? What is the second largest:
What is The operation and maintenance appropriation (3400); the family housing and maintenance appropriation (7045)?
(S)(213) Who provides inputs for the development of the O&M execution plan:
What is the FMB and FWG?
(S)(214)What are some good rules to follow when writing justifications:
What is use fresh, vivid words; be specific, truthful, and courteous; use plain English; explain code words and abbreviations; relate requirements to programs; fully explain using plenty of details?
(S)(215) What is the last step of the budget presentation before submission:
What is Approval by FMB for the presented budget?
*(217) What budget program is set up to cover operations and maintenance costs of the military family housing program: