Finance Cdcs 6F051O Volume 1

Front 1

What is the major difference between the responsibilities of the Financial Management Analysis (FMA) and the Defense Finance and Accounting Service? (DFAS)?

Back 1

FMA handles the accounting processes at the base level serves as a liaison between the base organizations and DFAS

Front 2

Overall responsibility for obligation accounting is maintained by_____

Back 2

Finance and Accounting

Front 3

All accounting classifications must contain at least the accounting and disbursing station number (ADSN) and the _____

Back 3

appropriation symbol.

Front 4

Which step in determining the elements of the accounting classification tells you to ensure the accounting station number is noted?

Back 4

step 5

Front 5

Which funds are established to record collections for no year and clearing accounts?

Back 5

Deposit

Front 6

Which code identifies what is being purchased?

Back 6

EEIC

Front 7

What code is the first subdivision of the accounting classification below the appropriation level and always starts with the letter "P"?

Back 7

Budget Program

Front 8

The disbursement accounting process begins when....

Back 8

...service is requested

Front 9

When a requirement is known but a firm price is not, an administrative reservation of funds is processed and is also known as_____

Back 9

a commitment stage

Front 10

Which stage of accounting liquidates the obligation
?

Back 10

AEP

Front 11

After receiving utilities estimates from Civil Engineering (CE), the Defense Finance and Accounting Service (DFAS) enters the estimate into_____

Back 11

General Accounting and Finance System (GAFS) as unfilled customer orders (UFCO)

Front 12

What is the first step in identifying the stages of accounting?

Back 12

Determine the type of accounting your working with.

Front 13

When identifying the stages of accounting for obligations, which step directs you to

ensure that funds are at the proper disbursement stage?

Back 13

Step 3.

Front 14

The General Accounting and Finance System (GAFS) uses internal files to track funds and

stores them on a magnetic disk, this storage is also called

Back 14

immediate access storage.

Front 15

Which record is not established at the beginning of the fiscal year?

Back 15

Document summary record (DSR).

Front 16

Each combination of element of expense/investment code (EEIC) and responsibility

center/cost center (RC/CC) codes requires a separate

Back 16

Program summary record (PSR).

Front 17

Which system was designed to automate the accounts payable process?

Back 17

Integrated Accounts Payable System (IAPS)

Front 18

What is the link between the Integrated Accounts Payable System (IAPS) and the General

Accounting and Finance System (GAFS)?

Back 18

ICI.

Front 19

What system is used to approve upward adjustments to expired and cancelled

appropriations?

Back 19

Obligation Adjustment Reporting System (OARS).

Front 20

What is the next step after an Automated Business Services System (ABSS) user selects the

form type?

Back 20

Add the administrative data.

Front 21

Who is the final financial individual in the Automated Business Services System (ABSS)

routing process?

Back 21

The certifying official

Front 22

What are the steps of processing a document in the Automated Business Services System

(ABSS)?

Back 22

Approver; resource advisor; certifying official

Front 23

Who appoints the certifying official in writing?

Back 23

Comptroller.

Front 24

Who is held pecuniary liable for erroneous payments?

Back 24

Certifying official.

Front 25

What type of codes will allow instant input of financial transactions?

Back 25

Override.

Front 26

What need should be met when commitments for annual appropriations are incurred?

Back 26

A bona fide need for goods or services in the fiscal year the funds are issued for

Front 27

Which commitment document is used to designate the accounting classification for charges

by the cardholders within the various organizations on base?

Back 27

AF Form 4009.

Front 28

When adding commitment documents in the Automated Business Services System (ABSS)

and you want to add the unit of issue and quantity you can click on the

Back 28

Line Items button.

Front 29

What document would you use for construction projects exceeding $100,000?

Back 29

SF 1442.

Front 30

Who determines the category for a Military Interdepartmental Purchase Request (MIPR)?

Back 30

Performing activity.

Front 31

With a direct cite category II Military Interdepartmental Purchase Request (MIPR), who

funds the cost for material or services provided?

Back 31

Requesting activity.

Front 32

Who authorizes and approves the AF Form 150 for do-it-yourself (DITY) moves?

Back 32

Housing Management Officer.

Front 33

What document is considered evidence of financial liability?

Back 33

Receiving report.

Front 34

A receiving report represents what stage of accounting?

Back 34

AEU.

Front 35

What form is used to provide the vendor an opportunity to release the government from any

obligation?

Back 35

AF Form 821.

Front 36

The Prompt Payment Act (PPA) requires federal agencies to make payments on time, if

payments are late what should be done?

Back 36

Pay interest penalties

Front 37

Cash management is a part of the Prompt Payment Act (PPA); what is a function of cash

management?

Back 37

Electronic funds transfer.

Front 38

Although you must make payments within prescribed terms, payments must also be paid

within what window?

Back 38

7 day window

Front 39

When validating a Miscellaneous Obligation Reimbursement Document (MORD) from a

funding activity, what do you do after you review the data for validity and accuracy?

Back 39

Check the description block.

Front 40

Should a resource advisor (RA) fail to submit supporting documentation to support a

Miscellaneous Obligation Reimbursement Document (MORD) what step to you take?

Back 40

Request DFAS process reversal of MORD greater than 90 days.

Front 41

When using the Government Purchase Card (GPC), what is the first step you take after

you’ve made a purchase?

Back 41

Update Access Online with each purchased.

Front 42

Which is the file created for the Tri-Annual Review (TAR) at the start of each review,

requires validation by the bases, and is due at the mid-point of the review?

Back 42

Base file.

Front 43

As a resource advisor (RA), if you accepted a Military Interdepartment Purchase Request

(MIPR) as a Category 2, what actions do you take after you receive the obligation documents?

Back 43

Forward to the Financial Management Analysis (FMA).

Front 44

Which general accounting and finance system listing identifies all open document summary records in the BQ system?

Back 44

ODL

Front 45

When travelers do not file their travel vouchers in time, the order they traveled on will show

up as outstanding on what report?

Back 45

GOO.

Front 46

What form is prepared after a vendor sends in a check for an overpayment?

Back 46

DD Form 1131.

Front 47

What two forms are commonly used for collections after customers send in their payment to

the Defense Finance and Accounting Service (DFAS)?

Back 47

DD Form 1131 and SF 1080.

Front 48

What must be included in the collection voucher, Department of Defense (DD) Form 1131?

Back 48

Complete accounting classification being credited

Front 49

If the US Treasury determines that collection is not possible when working delinquent

accounts receivable, what does the debt collection do?

Back 49

Process a write-off.

Front 50

Financial accounting is concerned with

Back 50

external reporting to parties outside the company

Front 51

The left side of the “T” account is used to record

Back 51

debits.

Front 52

What is used to ensure that debits equal credits?

Back 52

Trial balance

Front 53

Budgetary accounts, control and properly manage budget authority provided and apply

primarily to

Back 53

the legal requirements

Front 54

The proprietary accounting equation includes all of the following except

Back 54

debits.

Front 55

If you are looking for information on the location you are deploying to which option would

you choose from the four offered on the main page of the Combat Comptroller Community of

Practice (CoP) website?

Back 55

Pre-deployment.

Front 56

Which section of the Combat Comptroller Community of Practice (CoP) contains unique

and unusual situations as well as identified problems and proposed solutions?

Back 56

Post-deployment.

Front 57

Which section of the Combat Comptroller Community of Practice (CoP) includes great

information on the Air and Space Expeditionary Force Unit Type Code Reporting Tool (ART) to

include the checklist to assess unit type code (UTC) personnel?

Back 57

UDM/Warplanner

Front 58

If you are looking to understand the overall picture of contingencies specifically our

Financial Management (FM) wartime requirements you would search in what section of the

Combat Comptroller Community of Practice (CoP) website?

Back 58

UDM/War Planner.

Front 59

What system is used as an internal management tool by the Chairman of the Joint Chiefs of

Staff (CJCS) to access effectiveness meeting responsibilities to organize, train, and equip forces

for combatant commanders?

Back 59

Status of Resources and Training System (SORTS).

Front 60

Comptroller actions supporting a Joint Strategic Capabilities Plan (JSCP) and non-JSCP

contingency operations are similar. The major difference between them is that the

Back 60

comptroller personnel may not be required to be physically present at deployment locations to

provide financial support under a non-JSCP contingency operation

Front 61

What rates are normally used in preparing the budget submission?

Back 61

Budget.

Front 62

What account is used to charge losses or credit gains between amounts obligated, at

specified budget rates, in the basic appropriation and the amount disbursed at the current rate of

exchange for designated foreign currencies?

Back 62

Centrally Managed Allotment (CMA) account.

Front 63

Step 2 of using foreign currency has you

Back 63

determine the type of funds.

Front 64

Which step in using foreign currency has you determine the impact the budget and

foreign currency rate will have on programs?

Back 64

Step 4.

Front 65

An Air Force Form 616, Fund Cite Authorization, may be used to purchase

Back 65

vehicle rentals in support of a contingency

Front 66

When posting obligations in the General Accounting and Finance System (GAFS) the first

step is to

Back 66

get the commitment document summary record (DSR)?

Front 67

Vouchers are assembled after

Back 67

all computations have been made

Front 68

Which is not something the certifying official should check on a voucher before certifying

it?

Back 68

Receiving report is attached and dictates the payment amount authorized.

Front 69

If BQ (Accounting and Finance System) is not available at a deployed location, then what

form is issued to authorize use of funds?

Back 69

AF Form 616.

Front 70

What is the third step in updating the AF Form 616 when commitment documents are

received?

Back 70

Calculate the new available balance by reducing the commitment amount by the amount of the

newly posted commitment

Front 71

When presenting a status of funds briefing, what information do you show for each unit’s

expenditures?

Back 71

Major categories.

Front 72

What is ITS.gov (International Treasury Service)?

Back 72

A system used for processing international direct deposit payments.

Front 73

Which is not a benefit of ITS.gov (International Treasury Service)?

Back 73

Increases the ability to process national electronic payments in emerging markets

Front 74

Acquisitions Cross Service Agreement (ACSA) agreements document

Back 74

legal authority to buy, sell, give, or loan support to another country.

Front 75

The Acquisitions Cross Service Agreement (ACSA) program allows logistical support with

coordination from what three areas?

Back 75

Finance, Logistics, Legal.

Front 76

What is of top priority should you receive a joint tasking?

Back 76

Setting you up for success.

Front 77

Which category contains the financial publication that contains specific guidance regarding

early resource manager involvement in planning to ensure mission success?

Back 77

1–0: Personnel Series