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Business Accounting and Bookkeeping

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Emanuel Stehr

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Term1/14
What is the body of law that governs the availability and use of federal funds
Definition1/14

Fiscal Law

Term1/14
How do you spell commitments
Definition1/14

That is the correct spelling of "commitments" (obligations).

Term1/14
Which stage of disbursement accounting is also known as the accounts payable stage
Definition1/14

accrued expenditures unpaid "U"

Term1/14
What is a snap shot of a commanders actual budget execution during the current fiscal year
Definition1/14

status of funds

Term1/14
Who is responsible for providing fiscal year end guidance procedures to bases reviewing status of accounting systems assisting with posting obligations in the accounting system and executing closeout
Definition1/14

DFAS

Term1/14
Is a commitment a legally binding agreement between the government and a contractor
Definition1/14

False

Term1/14
Who is responsible for providing fiscal year-end guidance procedures to bases
Definition1/14

DFAS

Term1/14
Were is Air Force's Head Quarters
Definition1/14

The Air Force's Head Quarters is at the Pentagon, in Arlington, Virginia.

Term1/14
When was Level Plane Records created
Definition1/14

Level Plane Records was created in 1997.

Term1/14
Who are responsible for conducting reviews of dormant commitments and unliquidated obligations irrespective of wether the funds holder or accounting office actually records the commitments or obligati
Definition1/14

not ALO

Term1/14
What is the first quarter of the government fiscal year
Definition1/14

October to December

Term1/14
What funds are available for new obligations for a period of five years
Definition1/14

What funds are available for new obligations for a period of five years

Term1/14
Congress has the ability to appropriate funds to be spent by the federal government.
Definition1/14

Congress has the ability to appropriate funds to be spent by the federal government.

Term1/14
The phase begins on 1 October and encompasses the process of distribution of funds
Definition1/14

execution

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Cards in this guide (14)
What is the body of law that governs the availability and use of federal funds

Fiscal Law

How do you spell commitments

That is the correct spelling of "commitments" (obligations).

Which stage of disbursement accounting is also known as the accounts payable stage

accrued expenditures unpaid "U"

What is a snap shot of a commanders actual budget execution during the current fiscal year

status of funds

Who is responsible for providing fiscal year end guidance procedures to bases reviewing status of accounting systems assisting with posting obligations in the accounting system and executing closeout

DFAS

Is a commitment a legally binding agreement between the government and a contractor

False

Who is responsible for providing fiscal year-end guidance procedures to bases

DFAS

Were is Air Force's Head Quarters

The Air Force's Head Quarters is at the Pentagon, in Arlington, Virginia.

When was Level Plane Records created

Level Plane Records was created in 1997.

Who are responsible for conducting reviews of dormant commitments and unliquidated obligations irrespective of wether the funds holder or accounting office actually records the commitments or obligati

not ALO

What is the first quarter of the government fiscal year

October to December

What funds are available for new obligations for a period of five years

What funds are available for new obligations for a period of five years

Congress has the ability to appropriate funds to be spent by the federal government.

Congress has the ability to appropriate funds to be spent by the federal government.

The phase begins on 1 October and encompasses the process of distribution of funds

execution

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