Cat 1
Overall responsibility for commitment accounting is maintained by
Financial Management Analysis (FMA)
What form do we use to load our funding targets into our accounting system (DEAMS)?
AF1269
What office is responsible for validating the ODL?
FMA
Unnecessarily moving targets around is an example of .....?
target chasing
Funding documents contain amounts and guidance. What are the five types of guidance and which one applies only to your base?
General/Specific/Ceiling/Floor/Fence ; Specific
Which funds are established to record collections for no year and clearing accounts?
Deposit
The RC/CC is a double check for what code when loading targets for ECSS?
Organization code
What key feature of FM Suite allows the user to monitor and quickly view high priority documents?
watched documents
The funding document for the O/M Funds. Finances day-to-day funds for base, travel, services, supplies, and equipment.
Operating Budget Authority Document (OBAD)
From where do installations receive documents to fund their day-to-day operations as well as any specific needs of the base?
MAJCOMS
Which system was designed as a single point of entry system and to standardize the business rules?
Defense Enterprise Accounting and Management System (DEAMS)
What form would be used to purchase goods or services from another DoD agency?
DD Form 448
When determining propriety of funds, what is the first thing that must be done for each purchase request?
PTA
Type of guidance is the same for all bases under that MAJCOM.
General Guidance
What is Disbursement accounting?
recording transactions pertaining to the purchase of goods and services made by the Air Force
Commitments against a multiple year appropriation can cover which timeframe
Two through Five years
How is a reimbursement accounting classification identified?
By the presence of an ARSC
Under-execution
unit is not spending the funds fast enough
Type of guidance is the minimum amount of money to be spent.
Floor
An administrative reservation of funds
What is a commitment?
What are the Financial Management Board responsibilities?
They approve budgets, financial plans, revisions, and determine equitable distribution of annual funds received by MAJCOM
What items on the ODL are validated by comparing them to the source document?
Document Number; Accounting Classification; Stage of Accounting; Dollar Amount
Mission Essential
mission can be accomplished but not fully
Mission Enhancement
mission can be completed but could be done better
AF Form 406
MORD ; "mock contract"