ELEMENTS
What is the first element in the accounting classification code?
Appropriation or fund
How many digits do functional accounts usually have?
A. 3
B. 6
C. 5
C. 5
How many appropriations are there?
3
Name the three types of funds
Revolving
Trust
General
Name all three accounting periods
Oct 1-Jan 31
Feb 1-May 31
Jun 1-Sep 30
How many characters consist of the subheads?
A. 3
B. 4
C. 9
D. 2
B. 4
HINT: THINK S-1
13000
Which appropriation is used for projects that will take some time to complete and has an indefinite completion date?
Continuing appropriation
What is an example of a revolving fund?
Navy Working Capital Fund (NWCF)
When does the fiscal year begin and end?
Begins: Oct 1
Ends: Sep 30
9
What is the functional account for the NSA financial inventory reports and related documents prepared for issues and transfers between supply officers?
HINT: THINK S-3
51000
Which appropriation can be used for an extension of 2 or more years but requires advance planning?
What is an example of a trust fund?
Ship's Store Profits, Navy (SSPN).
What is the difference between the Defense Working Capital Fund and the Navy Working Capital Fund?
DWCF: Supports a large number of defense functions--all of the branches
NWCF: Provides supplies to support the operation of the Navy ONLY
What does AAA stand for?
A. Activity's Accounting Authorization
B. Authorization Accounting Activity
C. Accounting Authorization Activity
B. Authorization Accounting Activity
Which functional account is used for issuing to the general mess; used for receipt or transfer from the food service officer?
HINT: THINK S-2
73170
Which appropriation generally covers the current operating and maintenance expenses of the navy and becomes available at the beginning of every fiscal year?
Annual appropriation
What does the SSPN provide?
Hint: C22
Funds for providing recreation and entertainment for enlisted personnel
What is a NSA?
Navy Stock Account: It serves as the holding account for NWCF procured supplies before their sale.
What is the acronym I taught you to remember all of the elements in order?
ASOBSATPC
DD FORMS 1155, 1149, 200, 1034
Where does the appropriation gets its money from and name all three appropriation?
Get the second question right= all the points.
Get the first question right but not the second=no points.
The treasury
Annual
Continuing
Multi-year
Which fund is made by Congress to carry on the general and ordinary operations of the government?
General
What does 17 represent?
What does 97 represent?
HINT: Department of what?
17-Department of the Navy
97- Department of Defense