CDFM MODULE 3 Exam (Latest 2023\/ 2024 Update) Complete Exam with 400+ Real Questions and Verified Answers| 100% Correct| Guaranteed Grade A<\/p>\n\n\n\n
CDFM MODULE 3 Exam (Latest 2023\/ 2024 Q: An _ is any Government officer or employee who, by the reason of his or her employment, is responsible for or has custody of Government funds. Answer: accountable individual Q: A <\/strong>is a Government officer or employee whose job is or includes certifying vouchers for Q: What does the relief in No time limit for fraud
Update) Complete Exam with 400+ Real
Questions and Verified Answers| 100%
Correct| Guaranteed Grade A
Q: When funds were provided to begin a program or project in the middle of a fiscal year, you
need to what?
Answer:
annualize the funds to determine the current rate.
Q: If $1 billian was provided in an R&D appropriation last year and $750 million was obligated
as of the end of the prior fiscal year, the amount of the appropriation under the continuing
resolution would be?
Answer:
$750 million
Q: Most continuing resolutions contain provisions restricting what?
Answer:
new starts
Q: Who is an Accountable Individual?
Answer:
Departmental Accountable Official (DAO<\/em>)
Certifying Officer (CO<\/em>)
Disbursing Officer (DO<\/em>)
Others<\/p>\n\n\n\n
payment and has no public funds in his\/her possession.
Answer:
certifying officer
Q: A certifying officer has the statutory right (31 USC__<\/em>) to seek and obtain an advance
decision from the Comptroller General regarding the lawfulness of any payment.
Answer:
3529
Q: For DoD, the advance decision authority has been delegated to who?
Answer:
DoD General Counsel
Q: Relief of Accountable Individual is covered by 31 USC _ & _<\/strong>
Answer:
3527 & 3528<\/p>\n\n\n\n
31 USC 3527 & 3528 cover?
Answer:
Physical Loss
Illegal, Incorrect, or Improper Payments
Q: Relief from Physical Loss includes
Answer:<\/p>\n\n\n\n\n
Q: Relief from Illegal, Incorrect, or Improper Payment includes
Answer:<\/li>\n\n\n\n
Q: What happens if the SECDEF determines that all the ADA relief criteria has been met?
Answer:
The Comptroller General must grant relief and cannot overrule the determination by DoD
Q: What is the Statute of Limitations for ADA?
Answer:
3 years for errors<\/li>\n<\/ul>\n\n\n\n
Q: _ is an existing condition, situation, or set of circumstances involving uncertainty as to possible gain or loss to an entity that will ultimately be resolved when one or more future events occur or fail to occur. Answer: Contingency Q: <\/strong>permits an agency to obligate funds in advance of appropriations.
Answer:
Contract Authority
Q: __<\/em> is the dollar amount of appropriations used to fund goods and services received or
benefits or grants provided.
Answer:
Expended Appropriations
Q: Expenditures =
Answer:
Outlays
Q: Outflows or other using up of assets or incurrences of liabilities during a period from
providing goods, rending services, or carrying out other activities related to an entity’s programs
and missions, the benefit from which do not extend beyond the present operating period.
Answer:
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