Cdfm module 31 - Study guides, Class notes & Summaries
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CDFM Module 3.1 Questions and Answers Rated A
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CDFM Module 3.1 Questions and Answers Rated A Fiscal Law is based on the premise that Appropriations are only available for obligation and expenditure when specifically approved by the Congress, not that we can use appropriations unless specifically prohibited by Congress. 
GAO Principles of Federal Appropriation Law (The Redbook) The most authoritative source of information on the proper use of appropriated funds. 
Budget and Accounting Act of 1921 Required the President to submit an annual bud...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 61 pages • 2023
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CDFM - MODULE 3 EXAM (4 DIFFERENT 
SUB MODULE 3.1 - 3.4) QUESTIONS AND 
CORRECT ANSWERS EACH SUB MODULE 
CONTAINS 100 QUESTIONS AND ANSWERS 
LATEST 
CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use...
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CDFM, Module 3.1 Exam Review Questions & Answers, rated A+| latest update 2024/25|
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CDFM, Module 3.1 Exam Review 
Questions & Answers, rated A+ 
"Exclusively for" language in an appropriation connotes - -both a floor and a ceiling, and the rules of 
each apply to this type of earmark. 
"Not less than" language in an appropriation connotes a - -legal minimum to be spent on a 
particular program, project, or item. In a minimum, monies available in the general appropriation may 
be transferred into the earmarked line, but any funds not needed in the earmark may not be tran...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 61 pages • 2023
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CDFM - MODULE 3 EXAM (4 DIFFERENT 
SUB MODULE 3.1 - 3.4) QUESTIONS AND 
CORRECT ANSWERS EACH SUB MODULE 
CONTAINS 100 QUESTIONS AND ANSWERS 
LATEST 
CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use...
-
CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 61 pages • 2024
- Available in package deal
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- $12.99
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CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use of 
appropriated funds be found? Who is it published by?" - ANSWER- Principles of 
Federal Appropriations better known as the Red Book-- published by the GA...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 57 pages • 2024
- Available in package deal
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- $12.99
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CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use of 
appropriated funds be found? Who is it published by?" - ANSWER- Principles of 
Federal Appropriations better known as the Red Book-- published by the GA...
-
CDFM - Module 3 questions with complete solutions 2022/2023
- Exam (elaborations) • 32 pages • 2022
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CDFM - Module 3 questions with complete solutions 2022/2023What are the three tests that must be met for use of the Necessary Expense doctrine? 
Must bear a logical relationship 
Not prohibited by law 
Not funded elsewhere 
(p 3.1.17) 
 
 
 
Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? 
The Defense Finance and Accounting Service (DFAS) 
(p. 3.1.51) 
 
 
 
What type of budgetary resources remains available for new obligatio...
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CDFM - MODULE 3 EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERS LATEST 2023-2024
- Exam (elaborations) • 61 pages • 2023
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- $12.99
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CDFM - MODULE 3 EXAM (4 DIFFERENT 
SUB MODULE 3.1 - 3.4) QUESTIONS AND 
CORRECT ANSWERS EACH SUB MODULE 
CONTAINS 100 QUESTIONS AND ANSWERS 
LATEST 
CDFM MODULE 3.1 
What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that 
the expenditure of public funds is proper only when authorized by Congress, not 
that public funds may be expended unless prohibited by Congress. U.S. vs 
McCollum (1976) 
"Where can the most authoritative source of information on the proper use...
-
CDFM Module 3.1 Fiscal Law
- Exam (elaborations) • 9 pages • 2024
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CDFM Module 3.1 Fiscal Law 
Basic Axiom of Fiscal Law (the premise of fiscal law) 
The established rule: Expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress. 
 
 
Common Law 
Which law: There is no law that says you can't do it. 
 
 
Fiscal Law 
Which Law: You can only do what the law authorized you to do. 
 
 
Constitutional Authority: Article 1, section 7,8,9 
Provisions of the U.S Constitution that provid...
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CDFM Training Module 1 Accurate questions & Answers!!
- Exam (elaborations) • 6 pages • 2024
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CDFM Training Module 1 Accurate questions Options - ANSWER Which is NOT a remedy to avoid conflict in financial disclosure? 
 
Authorized by Defense Finance and Accounting Services (DFAS). - ANSWER Under section 1501(a) (1), an amount shall be recorded as an obligation of the United States Government only when supported by documentary evidence of EXCEPT: 
 
Pursuant to 31 U.S.C. 1342, agencies have broad discretion in determining operations which protect life and property, so that these operatio...
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