CDFM Review 1
The federal budget spending is divided by ___ % mandatory spending and ___% discretionary spending
What is 70 and 30?
This deficiency is a combo of deficiencies that is less severe material weakness yet less severe than material weakness
a. significant
b. material weakness
c. control
d. all of the above
What is a. significant ?
The federal budget spending is divided by ___ % mandatory spending and ___% discretionary spending
What is 70 and 30?
This book defines standards for internal control in the federal government
What is the Green Book?
What are the 3 steps in the Federal Budget Process?
a. Formulation, Congressional Execution, Budget Execution
b. Budget Execution, Budget Formulation, Congressional Action
c. Congressional Budget
d. none of the above
What is b. Budget Execution, Budget Formulation, Congressional Action
What is the committees that meet during the Authorization Process?
a. HAC and SAC
b. HASC and SASC
c. House and Senate
d. all of the above
What is b. HASC and SASC
These are the three levels of assurance for financial reporting and financial systems
What is Unmodified, Modified and Statement of No Assurance,
The President has two options of withholding funds when there are not sufficient programming or technical reasons
What is deferral and rescission?
components of internal control are:
a.Control Environment
b. Risk Assesment
c. Information and Communication
d. All of the above
What is d. all of the above
What is a restriction on Gifts between Employees?
a. cant accept gifts from those who make less pay
b. may not make a gift to an official superior
c. no restrictions to gifts from superiors and subordinate
d. all of the above
What is d. all of the above
This resolution may originate in either the House or Senate and can be used to propose an amendment to the Constitution
a. simple resolution
b. joint resolution
c. concurrent resolution
d. none
What is b. Joint Resolution?
This instruction provides full scope of management responsibility for internal control within the department of defense
a. FMFIA of 1982
b. DODI 5010.40
c. OMB Circular A-76
d. DODI 5010.30
What is b. DODI 5010.40?
Actual Strength of An Entire Service not all joined but assigned are...
a. actual strength
b. assigned strength
c. authorized strength
d. all of the above
What is b. assigned strength
This manual issued by the GAO in January 1999 presents a methodology for performing information system control audits of federal government
a. Internal Controls Over Operations
b. Federal System Controls Audit Manual
c. Internal Control Financial Manual
d. Federal Control Over Financial Manual
What is b. Federal System Controls Audit Manual
This regulation involves administrative control of funds?
a. DODI 5400.10
b. DODFMR 7000.14R, Vol 14 Chapter 1
c. JTR
d. all of the above
What is b. DODFMR 7000.14R, Vol 14 Chapter 1?
This is the final step in the process when a Bill becomes a Law
a. House adopts bill
b. President signs bill into law
c. None of the above
d. all of the above
What is b. President signs Bill into Law?
This OMB guidance prescribes certain internal control requirements related to financial reporting, information systems and organizations
What is OMB Circular A-123
How much can gifts be for ill/injured service members?
a. $200
b. $500
c. $1,000
d. none of the above
What is c. $1,000
What gives POTUS authority to activate reserves without consent from Congress and for how long?
a. SecDef, 2 months
b. Statement of Assurance, 5 months
C. 10 USC 12304, 365 days
d. none of the above
What is C. 10 USC 12304, 365 days
One of the Honoraria Regulations that prohibit speech, lecture or writing compensation while using position and military official duties
a. 5 CFR 2636
b. DODI 4100.33
c. OMB A-76
d. none of the above
What is the a. 5 CFR 2636
b. GRPA
c. FMFIA of 1982
d. none of the above
What is the a. Federal Workforce Restructuring Act
This Act prevents waste/misuse of agency funds and property as well as assure accountability of assets
a. OMB Circular A-76
b. OMB Circular A-11
c. FMFIA of 1982
d. GRPA
What is c. FMFIA of 1982
This act established CFOs in specified agencies and cabinet departments
a. 1996 Line Veto Act
b. 2011 Budget Control Act
c. 1993 Omnibus Reconciliation Act
d. 1990 Chief Financial Officers Act
What is The d. 1990 Chief Financial Officers Act?
This study is a mandatory part of the cost competition process
a. commercial
b. manpower
c. case
d. management
What is d. management
The DODI 4100.33 requires which notifications
a. email and phone
b. congressional and DoD Employee Notification
c. POTUS and Congress
d. none of the above
What is b. congressional and DoD Employee Notification