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6 Cards in this Set

  • Front
  • Back

(001) What is the major difference between the responsibilities of the Financial Management
Analysis (FMA) and the Defense Finance and Accounting Service (DFAS)?
a. DFAS handles the accounting processes at base level.
b. Structure within each field site is mostly standardized, but may vary at some locations.
c. DFAS was activated to reduce costs and improve the overall quality of DOD financial
management.
d. FMA handles the accounting processes at base level serves as a liaison between the base
organizations and DFAS.

C: DFAS was activated to reduce costs and improve the overall quality of DOD financial
management.

(001) Overall responsibility for obligation accounting is maintained by...
a. Reports and Analysis.
b. the Acquisition Division.
c. Finance andAccounting.
d. the Security Processing Division.

C: Finance and Accounting (DFAS Limestone)

(002) All accounting classifications must contain at least the accounting and disbursing station
number (ADSN) and the...
a. ESP code.
b. allotment code.
c. budget activity code.
d. appropriation symbol.

D: Appropriation Symbol

(002) Which step in determining the elements of the accounting classification tells you to
ensure the accounting station number is noted?
a. Step 1.
b. Step 3.
c. Step 5.
d. Step 6.

C: Step 5

(002) Which funds are established to record collections for no year and clearing accounts?
a. Trust.
b. Deposit.
c. General.
d. Revolving.

B: Deposit

(002) Which code identifies what is being purchased?
a. ESP.
b. EEIC.
c. Sales.
d. ADSN.

B: EEIC