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Business Accounting and Bookkeeping

Darwin Hudson ∙

Lvl 10

∙ 2021-10-05 18:34:58

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Term1/22

What are the obligations of federal agencies with regard to internal controls

Definition1/22

Assess and document their internal controls over financial reporting. Document their assessment of the effectiveness and reliability of those internal controls. Provide a separate assurance statement

Term1/22

Which act prohibits against over obligating or overspending an appropriation

Definition1/22

Antideficiency Act

Term1/22

What is the body of law that governs the availability and use of federal funds

Definition1/22

Fiscal Law

Term1/22

Who has the final word on how much money can be spent by a given agency or program under the separation of powers doctrine

Definition1/22

Congress

Term1/22

What is the established rule that is the expenditure of public funds is proper only when authorized by congress

Definition1/22

affirmative authority

Term1/22

What are the penalties for violation of the Antideficiency Act

Definition1/22

Civil and Criminal

Term1/22

What appropriations are monies whose availability for new obligations has not yet expired under the terms of the governing appropriations act

Definition1/22

current

Term1/22

What concept was developed by the gao to apply reasonable discretion and flexibility

Definition1/22

Necessary Expense Rule

Term1/22

Budget targets are loaded at what level

Definition1/22

program summary record psr

Term1/22

Who works with the squadron commander to identify requirements that should be given priority to achieve an overall balanced program

Definition1/22

Resource Advisors (RAs)

Term1/22

What approach can parties use to generate alternative solutions by redefining the problem or problem set

Definition1/22

logrolling

Term1/22

What quarter do you begin developing the next fiscal year budget

Definition1/22

Second

Term1/22

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

Definition1/22

DFAS

Term1/22

What decision making skill contain communication skills leadership negotiation skills and networking with colleagues

Definition1/22

Qualitative

Term1/22

Were is Air Force's Head Quarters

Definition1/22

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

Term1/22

When was Level Plane Records created

Definition1/22

Level Plane Records was created in 1997.

Term1/22

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

Definition1/22

not ALO

Term1/22

What has the author Leroy F Imdieke written

Definition1/22

Leroy F. Imdieke has written:

'Financial Accounting 2e Sol'

'Financial Accounting 2e TB'

'Financial Accounting 2e Sol Tr'

'Financial Accounting 2e Lotus Solutions (D5)'

Term1/22

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

Definition1/22

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

Term1/22

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

Definition1/22

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

Term1/22

What is used to collect cash for collections into the accounting systems

Definition1/22

dd1131

Term1/22

what are three examples of abuse of the govermentwide commercial Purchase card

Definition1/22

Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card thresholds.

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Cards in this guide (22)

What are the obligations of federal agencies with regard to internal controls

Assess and document their internal controls over financial reporting. Document their assessment of the effectiveness and reliability of those internal controls. Provide a separate assurance statement

Which act prohibits against over obligating or overspending an appropriation

Antideficiency Act

What is the body of law that governs the availability and use of federal funds

Fiscal Law

Who has the final word on how much money can be spent by a given agency or program under the separation of powers doctrine

Congress

What is the established rule that is the expenditure of public funds is proper only when authorized by congress

affirmative authority

What are the penalties for violation of the Antideficiency Act

Civil and Criminal

What appropriations are monies whose availability for new obligations has not yet expired under the terms of the governing appropriations act

current

What concept was developed by the gao to apply reasonable discretion and flexibility

Necessary Expense Rule

Budget targets are loaded at what level

program summary record psr

Who works with the squadron commander to identify requirements that should be given priority to achieve an overall balanced program

Resource Advisors (RAs)

What approach can parties use to generate alternative solutions by redefining the problem or problem set

logrolling

What quarter do you begin developing the next fiscal year budget

Second

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

DFAS

What decision making skill contain communication skills leadership negotiation skills and networking with colleagues

Qualitative

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.

not ALO

What has the author Leroy F Imdieke written

Leroy F. Imdieke has written:

'Financial Accounting 2e Sol'

'Financial Accounting 2e TB'

'Financial Accounting 2e Sol Tr'

'Financial Accounting 2e Lotus Solutions (D5)'

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.

What is used to collect cash for collections into the accounting systems

dd1131

what are three examples of abuse of the govermentwide commercial Purchase card

Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card thresholds.

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