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Business Accounting and Bookkeeping

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Darwin Hudson

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Cards in this guide (16)
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

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

Fiscal Law

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

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 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

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.

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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