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Business Accounting and Bookkeeping

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Darwin Hudson

Lvl 10
โˆ™ 2021-10-05 18:34:58
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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.

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 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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The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

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The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

โžก๏ธ
See all cards
1.0
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1 Review

Expired appropriations are available for obligation for how many years

The necessary expense rule three part test is intended to do what

According to the department of defense financial management regulation dodfmr volume 5 chapter 33 certification is the act of attesting to the of a payment

The term proper when applied to Certifying Official duties means that

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Expired appropriations are available for obligation for how many years

The necessary expense rule three part test is intended to do what

According to the department of defense financial management regulation dodfmr volume 5 chapter 33 certification is the act of attesting to the of a payment

The term proper when applied to Certifying Official duties means that

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See all cards
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Which locations can you approve a transaction

How can you filter the list of transactions

When you are done reallocating a transaction how do you return to the transaction list

How do you reallocate a transaction among multiple accounting codes

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