Fiscal law exam Study guides, Class notes & Summaries
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CDFM All Modules FISCAL LAW EXAM 2024
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CDFM All Modules FISCAL LAW EXAM 2024 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. ANS-FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. ANS-31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
 
The appropriation time line for Military Construction is _______ years. ANS-5 
 
The appropriation time line for Procurement (excluding Shipbuilding and Con...
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CDFM All Modules FISCAL LAW EXAM 2024
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CDFM All Modules FISCAL LAW EXAM 2024 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. ANS-FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. ANS-31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
 
The appropriation time line for Military Construction is _______ years. ANS-5 
 
The appropriation time line for Procurement (excluding Shipbuilding and Con...
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Funeral Arts National Board Exam, Answered
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Funeral Arts National Board Exam, Answered-Register of all the general ledger accounts - Will Show profits and losses of a business 
 
Difference between currents assets and liabilities. When current assets exceed liabilities - Working Capital 
 
Must include what three disclosures - Embalming, Cash Advance, & Legal Requirements 
 
Uniform commercial code has 4 different kinds of paper - Promissory Note, Draft, Checks and certificates of deposit 
 
What kind of law enacts statutory law - Adminis...
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CDFM All Modules FISCAL LAW EXAM 2024
- Exam (elaborations) • 10 pages • 2024
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CDFM All Modules FISCAL LAW EXAM 2024 
True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. ANS-FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. ANS-31 USC 1341, 1342, and 1517 (Anti-Deficiency Act) 
 
The appropriation time line for Military Construction is _______ years. ANS-5 
 
The appropriation time line for Procurement (excluding Shipbuilding and Con...
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS
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CDFM All Modules FISCAL LAW EXAM QUESTIONS WITH CORRECT ANSWERS 
T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE 
 
Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA 
 
The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 ...
Too much month left at the end of the money?
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FIN 515 FISCAL LAW EXAM question and answers
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Which of the following is a correct statement of Fiscal Law Philosophy: 
If the law is silent as to whether a purchase can be made, it is 
probably safe to spend appropriated funds. 
Expenditure of appropriated funds is proper only when authorized 
by Congress. 
If the commander says buy it, don’t worry about Fiscal Law 
Regulations. 
Absent a specific prohibition, expending appropriated funds is 
permitted. 
20 points 
QUE ST ION 2 
1. It is July 2010. The contracting officer at Fort Mason is...
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CLG 001_ Fiscal Law Exam version 2_ updated and answered.
- Exam (elaborations) • 21 pages • 2023
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QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. Expenditure of appropriated funds is proper only when authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason i...
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FISCAL LAW EXAM (100 out of 100) Questions and Answers Elaborations (GRADED A)
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FISCAL LAW EXAM (100 out of 100) Questions and Answers Elaborations QUESTION 1 Whether or not there is an Antideficiency Act violation after application of the two-part corrections test, you must: Complete a formal investigation within 12 months and 2 weeks from the date the preliminary review ended. Place civilian personnel on administrative leave pending the outcome of the preliminary review. Try to deobligate the improper funds and obligate the proper funds. Investigate whether there was an A...
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Fiscal Law Exam/28 Questions with Answers 2024
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Fiscal Law Exam/28 Questions with Answers 2024
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CDFM Fiscal Law Exam Questions and Answers.
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CDFM Fiscal Law Exam Questions and Answers.
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