Set 2

Which stage of accounting liquidates the obligation? a. AEP. b. COO. c. UOO. d. AEU.

AEP.

A receiving report represents what stage of accounting? a. AEU. b. AEP. c. UOO. d. FCOC.

AEU.

Which commitment document is used to designate the accounting classification for charges by the cardholders within the various organizations on base? a. AF Form 9. b. AF Form 616. c. AF Form 4009. d. DD Form 448.

AF Form 4009.

If BQ (Accounting and Finance System) is not available at a deployed location, then what form is issued to authorize use of funds? a. AF Form 9. b. AF Form 616. c. SF Form 1449. d. DD Form 1131.

AF Form 616.

What form is used to provide the vendor an opportunity to release the government from any obligation? a. AF Form 616. b. DD Form 819. c. AF Form 821. d. DD Form 1155.

AF Form 821.

Which Air Force Instruction (AFI) contains current symbols and budget codes and their descriptions? a. AFMAN 65-604. b. AFMAN 65-504. c. AFMAN 65-503. d. AFMAN 65-501.

AFMAN 65-604.

Which is not one of the four principles of operational risk management (ORM)? a. Accept no unnecessary risk. b. Make risk decisions at the appropriate level. c. Accept all risks to meet mission requirements. d. Accept risks when benefits outweigh the costs.

Accept all risks to meet mission requirements.

What are the steps of processing a document in the Automated Business Services System (ABSS)? a. Approver; resource advisor; certifying official. b. Resource advisor; approver; certifying official. c. Certifying official; approver; resource advisor. d. Certifying official; resource advisor; approver.

Approver; resource advisor; certifying official.

What are the two statuses of availability categories for appropriation accounts? a. Current and expired. b. Current and direct. c. Expired and indirect. d. Expired and direct.

Current and expired.

Cash management is a part of the Prompt Payment Act (PPA); what is a function of cash management? a. Negotiating discounts. b. Electronic funds transfer. c. Taking discounts when offered. d. Making payments within a 7 day window.

Electronic funds transfer.

What is the major difference between the responsibilities of the Financial Management Analysis (FMA) and the Defense Finance and Accounting Service (DFAS)? a. DFAS handles the accounting processes at base level. b. Structure within each field site is mostly standardized, but may vary at some locations. c. DFAS was activated to reduce costs and improve the overall quality of DOD financial management. d. FMA handles the accounting processes at base level serves as a liaison between the base organizations and DFAS.

FMA handles the accounting processes at base level serves as a liaison between the base organizations and DFAS.

Overall responsibility for obligation accounting is maintained by a. Reports and Analysis. b. the Acquisition Division. c. Finance and Accounting. d. the Security Processing Division.

Finance and Accounting.

The Acquisitions Cross Service Agreement (ACSA) program allows logistical support with coordination from what three areas? a. Finance, Legal, Finance. b. Finance, Logistics, Legal. c. Acquisition, Legal, Logistics. d. Logistics, Acquisition, Finance.

Finance, Logistics, Legal.

Who reviews the financial plan to make sure that estimated costs and justifications are factual and complete? a. Financial Management Analysis (FMA). b. Financial Management Board (FMB). c. Financial Working Group (FWG). d. Comptroller.

Financial Management Board (FMB).

You can submit the budget to the major command (MAJCOM) after whose approval? a. Financial Management Board (FMB). b. Financial Working Group (FWG). c. Supervisor. d. Commander.

Financial Management Board (FMB).

What is an authorized exception to the Antideficiency Act (ADA)? a. Bona fide need. b. Necessary expense. c. Food and Forage Act. d. Continuing resolution.

Food and Forage Act.

In which stage of the budget cycle are estimates developed within the Department of Defense (DOD) accounting structure? a. Review. b. Execution. c. Enactment. d. Formulation.

Formulation.

In what month does the Secretary of the Air Force (SAF) issue the USAF Call to the major commands (MAJCOM)? a. January. b. February. c. March. d. April.

January.

When adding commitment documents in the Automated Business Services System (ABSS) and you want to add the unit of issue and quantity you can click on the a. Line Items button. b. Insert Record button. c. Acct Class button. d. Route button.

Line Items button.

Legal is one of the three types of limitations (restraints) imposed on the operating budget authority document legal, what are the other two? a. Ethical and local. b. Line-item and ethical. c. Ethical and administrative. d. Line-item and administrative.

Line-item and administrative.

Which type of manager plans and directs the actions of an organization or program for an all-inclusive budget? a. Staff. b. Line. c. Financial. d. Resource.

Line.

The group in a wing responsible for supply, transportation, and contracting is a. Operations. b. Logistics. c. Medical. d. Support.

Logistics.

When presenting a status of funds briefing, what information do you show for each unit's expenditures? a. Major categories. b. As much detail as can fit in the slide. c. How much each unit has spent on office supplies. d. None; the commander doesn't need to know how much each unit has obligated.

Major categories.

Budgeting provides a means for coordinating activities toward what common goal? a. Mission accomplishment. b. Functional area interaction. c. Financial blueprint development. d. Implementation of a rigid planning document.

Mission accomplishment.

Which program within the research, development, test and evaluation (RDT&E) appropriation includes work performed under contract with other government agencies, private industry, and educational institutions? a. Mission. b. Outsourcing. c. Management and support. d. Operations and maintenance (O&M).

Mission.

On what time interval basis are research, development, test and evaluation (RDT&E) funds set up? a. No-year. b. Quarterly. c. Annually. d. Multiple-year.

Multiple-year.

To whom do senior officials delegate approval authority for contingency funds? a. Comptroller. b. Financial analysis officer. c. Comptroller or the financial analysis officer. d. No one below their level in the applicable command element.

No one below their level in the applicable command element.

Which general accounting and finance system listing identifies all open document summary records in the BQ system? a. ODL. b. DAL. c. DASL. d. OBL/AL.

ODL.

What system is used to approve upward adjustments to expired and cancelled appropriations? a. Defense Enterprise Accounting and Management System (DEAMS). b. Obligation Adjustment Reporting System (OARS). c. Automated Business Services System (ABSS). d. Centralized Disbursing System (CDS).

Obligation Adjustment Reporting System (OARS).

Which appropriation, by period of availability, has the greatest impact on base management? a. No-year. b. One-year. c. Two-year. d. Multiple-year.

One-year.

Which group within a wing is responsible for the housing, feeding, security, communications, and recreational activities of the base? a. Medical. b. Support. c. Logistics. d. Operations.

Support.

Who is the final financial individual in the Automated Business Services System (ABSS) routing process? a. The contracting official. b. The certifying official. c. The resource advisor. d. The approver.

The certifying official.

Which type of managers are members of the Financial Management Board (FMB)? a. Line. b. Staff. c. Top level. d. Middle level.

Top level.

Which is not an example of a capital asset? a. Equipment. b. Buildings. c. Training. d. Land.

Training.

What is used to ensure that debits equal credits? a. "T" accounts. b. Trial balance. c. Owners equity. d. Posting transactions.

Trial balance.

How many parts are included in the Bogey? a. One. b. Two. c. Three. d. Four.

Two.

If you dealt with a governmental matter during the last year of your service, how many years are you barred from representing that matter after leaving government service? a. One. b. Two. c. Three. d. Four.

Two.

If you are looking to understand the overall picture of contingencies specifically our Financial Management (FM) wartime requirements you would search in what section of the Combat Comptroller Community of Practice (CoP) website? a. Deployment. b. Pre-deployment. c. Post-deployment. d. UDM/War Planner.

UDM/War Planner.

Which section of the Combat Comptroller Community of Practice (CoP) includes great information on the Air and Space Expeditionary Force Unit Type Code Reporting Tool (ART) to include the checklist to assess unit type code (UTC) personnel? a. Pre-deployment. b. Deployment. c. Post-deployment. d. UDM/Warplanner.

UDM/Warplanner.

When using the Government Purchase Card (GPC), what is the first step you take after you've made a purchase? a. Reconcile your purchases. b. Notify your billing official. c. Update your personal tracking form. d. Update Access Online with each purchased.

Update Access Online with each purchased.

Can your commander purchase egg rolls for a Chinese day function using appropriated funds and if so, when? a. Yes, and the size does not matter. b. Yes, as long as they are "sample size." c. No, egg rolls are always considered to be a meal. d. No, any type of food cannot be purchased legally with appropriated funds.

Yes, as long as they are "sample size."

When a requirement is known but a firm price is not, an administrative reservation of funds is processed and is also known as a. an obligation stage. b. an expenditure stage. c. a disbursement stage. d. a commitment stage.

a commitment stage.

The appropriation system provides for a. a specific amount of money for a specific purpose for a specific period. b. management with a tool for measuring the progress of its programs. c. managers to look at their historical data as a starting point for programming future requirements. d. scrutinizing and updating all data for known program or price changes in order to check for different ways to accomplish the mission.

a specific amount of money for a specific purpose for a specific period.

The left side of the "T" account is used to record a. assets. b. credits. c. debits. d. owners equity.

debits.

The proprietary accounting equation includes all of the following except a. net position. b. liabilities. c. debits. d. assets.

debits.

Step 2 of using foreign currency has you a. determine the type of funds. b. determine the impact on payments. c. determine the year in which funds are affected. d. look at the DODFMR, Volume 6A, Chap 7 for budget rates.

determine the type of funds.

The first phase of the Department of Defense (DOD) biennial planning, programming, and budgeting decision-making process and involves all the key elements within DOD in their respective areas of responsibility is a. costing of programs. b. identifying our national goals. c. determining military plans and requirements. d. coordinating long-range military planning with existing programs.

determining military plans and requirements.

The law of supply states that the quantity supplied is a. added to price. b. subtracted from price. c. directly proportional to price. d. inversely proportional to price.

directly proportional to price.

Mission-essential programs that are not funded fully are called a. excesses. b. shortfalls. c. distortions. d. disconnects.

disconnects.

The key to Resource Management System (RMS) training is a. training. b. visual aids. c. lesson plans. d. documentation.

documentation.

Acquisitions Cross Service Agreement (ACSA) agreements document a. ACSA statutes. b. training events and humanitarian responses. c. legal authority to buy, sell, give, or loan support to another country. d. logistic support, supplies, and services to military forces of a qualifying country or organization.

legal authority to buy, sell, give, or loan support to another country.

A balanced equitable program consists of a balance between a. mission and support requirements. b. mission and nonappropriated requirements. c. nonappropriated and support requirements. d. nonappropriated and appropriated requirements.

mission and support requirements.

Items such as periodicals, subscriptions, and training aids are classified as a. initial issue. b. replacement. c. one-time issue. d. off-line supplies.

off-line supplies.

A work year is equal to a. one person working 365 days at 8 hours per day. b. one employee being in a pay status for 8 months. c. the number of payable hours in the year times overall average salary. d. one employee being in pay status for the number of payable hours in a fiscal year.

one employee being in pay status for the number of payable hours in a fiscal year.

Financial plan year fund requirements may vary from historical data because of a. one-time fund requirements and program changes. b. program changes and an escalating cost-of-living index. c. one-time fund requirements and an escalating cost-of-living index. d. previous year austere funding and steady operations and maintenance spending.

one-time fund requirements and program changes.

The key to successfully accomplishing your role as a financial analyst is your a. determination. b. hard work and knowledge. c. professional education and other classes. d. professional reputation and in-depth knowledge of your wing's mission and structure.

professional reputation and in-depth knowledge of your wing's mission and structure.

Department of Defense (DOD) functional categories are classifications of expense that are directly subordinate to a. program elements (PE). b. major force programs (MFP). c. Department of Defense elements of expense (DODEE). d. Air Force elements of expense/investment codes (EEIC).

program elements (PE).

Fund apportionment has a direct effect at base level by making managers program their funds a. monthly. b. quarterly. c. biannually. d. annually.

quarterly.

No more than what percentage of an annual appropriation can be obligated during the last two months of the fiscal year? a. 5. b. 15. c. 20. d. 25.

20.

What is entered by the Financial Analysis Office into Standard Base Supply System (SBSS) to get into the Organizational Cost Center Record (OCCR) adjustment screen? a. 236. b. 240. c. Julian date of the transaction. d. Applicable type of update depending upon the transaction.

236.

Analysis of historical data does not involve the full act of analyzing a. plans. b. programs. c. operations. d. requirements.

requirements.

What is ITS.gov (International Treasury Service)? a. A national payment and collection system. b. A website used to process foreign payment requests. c. A system maintained by the New Jersey Federal Reserve Bank. d. A system used for processing international direct deposit payments.

A system used for processing international direct deposit payments.

An Air Force Form 616, Fund Cite Authorization, may be used to purchase a. food to support a party for morale boosting. b. vehicle rentals in support of a contingency. c. purchase of investment equipment over $100,000. d. vehicle rentals when a personal vehicle is not authorized.

vehicle rentals in support of a contingency.

Which Office of Management and Budget (OMB) circular directs the economic analysis (EA) process of commercial activities? a. A-11. b. A-70. c. A-76. d. A-94.

A-76.

What is the maximum dollar value of a gift that may be accepted from an outside source? a. $19.99. b. $29.99. c. $49.99. d. $99.99.

$19.99.

The Air Force requires an economic analysis (EA) if annual recurring costs exceed a. $100,000. b. $200,000. c. $250,000. d. $500,000.

$250,000.

Which category contains the financial publication that contains specific guidance regarding early resource manager involvement in planning to ensure mission success? a. 1-0: Personnel Series. b. 3-0: Operations Series. c. 4-0: Logistics Series. d. 5-0: Planning Series.

1-0: Personnel Series.

The rules and procedures for using funds appropriated to the Air Force can be found in Air Force Instruction (AFI) 65-601, volume a. 1. b. 2. c. 3. d. 5.

1.

Which element of expense/investment code identifies tuition assistance? a. 531. b. 551. c. 552. d. 553.

551.

What are the two appropriations for management of military family housing (MFH)? a. 57*7020 and 57*7040. b. 57*7030 and 57*7045. c. 57*7045 and 57*7040. d. 57*7045 and 57*7080.

57*7045 and 57*7040.

Although you must make payments within prescribed terms, payments must also be paid within what window? a. 3 day window. b. 7 day window. c. 5 days before the due date. d. Between the 24th and 30th of the month.

7 day window.

What budget program is set up to cover operations and maintenance (O&M) costs of the military family housing (MFH) program? a. 710. b. 720. c. 730. d. 740.

720.

What does activity-based costing (ABC) use to assign the costs of resources to activities? a. Cost drivers. b. Production. c. Unit cost. d. Asset.

Cost drivers.

What need should be met when commitments for annual appropriations are incurred? a. Any need an organization has in the next 3 years. b. Any need the organization will have in the next fiscal year. c. The need is limited to only what the organization can use in the next 30 days. d. A bona fide need for goods or services in the fiscal year the funds are issued for.

A bona fide need for goods or services in the fiscal year the funds are issued for.

When tracking money due to the government, which item would you identify as a recovery of excess payments accredited to an appropriation? a. A refund. b. A reimbursement. c. A collection of monies taken during religious services. d. A collection resulting from the sale of goods or services.

A refund.

What is the next step after an Automated Business Services System (ABSS) user selects the form type? a. Add the line items. b. Route the document. c. Add the line of accounting. d. Add the administrative data.

Add the administrative data.

Of the two types of documents issued to the major commands (MAJCOM), which one makes funds available for obligation from an allocation or suballocation? a. Allotment. b. Appropriation warrant. c. Apportionment request. d. Operating budget authority.

Allotment.

If an organization spent their entire funding during the first two months of the fiscal year and continued to include obligations, then they would be in violation of the a. Antideficiency Act (ADA). b. Goldwater Nichols Act. c. time obligation restriction. d. purpose obligation restriction.

Antideficiency Act (ADA).

What is the very heart of the financial management process that allow you to estimate, justify, and manage base fund requirements? a. Approved programs. b. Proper documentation. c. Formatted justification. d. MAJCOM authorizations.

Approved programs.

Which method for developing transportation fund requirements is used most frequently? a. Cost-per-ton. b. Cost-per-move. c. Cost-per-cubic yard. d. Type of transportation.

Cost-per-ton.

Which type of responsibility are you carrying out if you, as a financial analyst, act as a liaison between resource advisors and offices within the comptroller section? a. Primary. b. Collateral. c. Secondary. d. Concurrent.

Concurrent.

What should you do before conducting an in-depth funds analysis? a. Develop financial plan. b. Conduct preliminary research. c. Monitor reimbursement program. d. Develop economic impact statement.

Conduct preliminary research.

Which is the file created for the Tri-Annual Review (TAR) at the start of each review, requires validation by the bases, and is due at the mid-point of the review? a. 90 percent file. b. Base file. c. O&M file. d. Master file.

Base file.

What process does the Air Force use to sharpen financial planning? a. Bogey concept. b. Initial distribution. c. President's budget (PB). d. Continuing Resolution Authority (CRA).

Bogey concept.

What code is the first subdivision of the accounting classification below the appropriation level and always starts with the letter "P"? a. Budget project. b. Budget program. c. Budget subproject. d. Budget program activity code.

Budget program.

What rates are normally used in preparing the budget submission? a. Cost. b. Budget. c. Financial. d. Exchange.

Budget.

Which reflects the use of targets? a. Budgetary tool. b. Legal limitation. c. Administrative limitation. d. Administrative reservation of funds.

Budgetary tool.

Who appoints the certifying official in writing? a. Deputy Disbursing Officer (DDO). b. Director of Operations (DO). c. Resource Advisor (RA). d. Comptroller.

Comptroller.

What is the third step in updating the AF Form 616 when commitment documents are received? a. Annotate with the date, reference number of the document, and amount of the commitment. b. Ensure the commitment doesn't exceed the balance without prior approval of the issuing activity. c. Calculate the new available balance by reducing the commitment amount by the amount of the newly posted commitment. d. None, there are only 2 steps.

Calculate the new available balance by reducing the commitment amount by the amount of the newly posted commitment.

What account is used to charge losses or credit gains between amounts obligated, at specified budget rates, in the basic appropriation and the amount disbursed at the current rate of exchange for designated foreign currencies? a. Centrally Managed Allotment (CMA) account. b. Parent base's Official Representation Fund account. c. Parent base's Operations and Maintenance (O&M) account. d. Parent base's Base Procured Investment Equipment account.

Centrally Managed Allotment (CMA) account.

Who is held pecuniary liable for erroneous payments? a. Budget officer. b. Certifying official. c. Contracting officer. d. Resource advisor (RA).

Certifying official.

Which expense is not reimbursable for military family housing (MFH)? a. Charges for mobile home space rental. b. Amounts paid for utilities and services. c. Support of family housing owned by another service. d. Charges for initial utility connection of privately owned mobile homes.

Charges for mobile home space rental.

When validating a Miscellaneous Obligation Reimbursement Document (MORD) from a funding activity, what do you do after you review the data for validity and accuracy? a. Certify the document. b. Check the description block. c. Record the obligation in GAFS. d. Reject it back if the description is missing.

Check the description block.

Which type of responsibility ensures management decisions are compatible with the overall objectives of the installation? a. Primary. b. Collateral. c. Secondary. d. Concurrent.

Collateral.

The directive to price an approved program in a specific format is called a. program objective memorandum (POM). b. defense guidance. c. Command Call. d. USAF Call.

Command Call.

What must be included in the collection voucher, Department of Defense (DD) Form 1131? a. Any amount still owed. b. The voucher series starting with P. c. All of the information on the billing document. d. Complete accounting classification being credited.

Complete accounting classification being credited.

What two forms are commonly used for collections after customers send in their payment to the Defense Finance and Accounting Service (DFAS)? a. DD Form 1131 and SF 1034. b. DD Form 1131 and SF 1080. c. AF Form 819 and SF 1080. d. AF Form 819 and DD Form 1131.

DD Form 1131 and SF 1080.

What form is prepared after a vendor sends in a check for an overpayment? a. DD Form 1131. b. SF Form 1080. c. SF Form 1034. d. AF Form 819.

DD Form 1131.

Which publication establishes prerequisites for recording obligations? a. Office of Management and Budget (OMB) A-76. b. Department of Defense (DOD) 4000.19-R. c. Defense Finance and Accounting Service (DFAS)-DE 7077.2-M. d. DFAS-DE 7000.4-R.

DFAS-DE 7000.4-R.

Which federal department or agency prepares the appropriation warrant? a. Headquarters US Air Force. b. Department of Defense (DOD). c. Department of the Treasury. d. Office of Management and Budget (OMB).

Department of the Treasury.

Which funds are established to record collections for no year and clearing accounts? a. Trust. b. Deposit. c. General. d. Revolving.

Deposit.

What is the first step in identifying the stages of accounting? a. Identify whether funds are at the commitment or obligation stage. b. Determine the type of accounting your working with. c. Ensure that funds are loaded into the correct stage. d. Start with disbursement accounting.

Determine the type of accounting your working with.

What is your first consideration to determine the level at which you load fund targets? a. Do you consume resources at a level that's significant and measurable? b. Does management exercise controls at this level? c. Are targets adequately distributed? d. Are targets loaded correctly?

Do you consume resources at a level that's significant and measurable?

Which record is not established at the beginning of the fiscal year? a. Find summary record (FSR). b. Control summary record (CSR). c. Program summary record (PSR). d. Document summary record (DSR).

Document summary record (DSR).

In which civilian pay expense does the responsibility center manager (RCM) have the most control? a. EEIC 391—Overtime. b. EEIC 393—Personnel Benefits. c. EEIC 390—Clothing Allowance. d. EEIC 392—Personnel Compensation.

EEIC 391—Overtime.

The element of expense for civil engineering contract services, such as snow removal and fire protection, are classified as a. EEIC 531 - custodial services. b. EEIC 532 - engineering services. c. EEIC 533 - other civil engineering services. d. EEIC 560 - other services.

EEIC 533 - other civil engineering services.

If your commander wants to know how the unit is executing their 2008 TDY budget, what data should you use in the search criteria in the Commander's Resource Information System (CRIS)? a. Element of expense investment code (EEIC) of 409 only. b. EEIC of 409, fund code of 30, and fiscal year. c. Fiscal year of 2007 and fund code of 30 only. d. Fund code of 30 only.

EEIC of 409, fund code of 30, and fiscal year.

Which code identifies what is being purchased? a. ESP. b. EEIC. c. Sales. d. ADSN.

EEIC.

Who is responsible for computing funding requirements for tuition assistance? a. Using activity. b. Education office. c. Contracting office. d. Financial analysis office.

Education office.

Which employee would be considered a wage grade (WG) employee? a. Doctor. b. Lawyer. c. Electrician. d. Computer operator.

Electrician.

As a resource advisor (RA), if you accepted a Military Interdepartment Purchase Request (MIPR) as a Category 2, what actions do you take after you receive the obligation documents? a. Forward to the Defense Finance and Accounting System (DFAS). b. Forward to the Financial Management Analysis (FMA). c. File them, copies are sent to all applicable offices. d. Review and return to sender with your concurrence.

Forward to the Financial Management Analysis (FMA).

How many sections must be included in the operations and maintenance (O&M) execution plan? a. Two. b. Three. c. Four. d. Five.

Four.

Which is not a category to analyze when computing the Flying Hour Program? a. Aviation fuels. b. Fuel consumption. c. Consumable supplies. d. Material support division.

Fuel consumption.

When travelers do not file their travel vouchers in time, the order they traveled on will show up as outstanding on what report? a. STHL. b. DASL. c. GOO. d. ODL.

GOO.

After receiving utilities estimates from Civil Engineering (CE), the Defense Finance and Accounting Service (DFAS) enters the estimate into a. General Accounting and Finance System (GAFS) as unfilled customer orders (UFCO). b. GAFS as filled orders uncollected (FOU). c. Standard Base Supply System (SBSS) as UFCO. d. SBSS as FOU.

General Accounting and Finance System (GAFS) as unfilled customer orders (UFCO).

Which government agency fashioned the Necessary Expense Rule, authorizing expenditures if necessary to accomplish the object of an appropriation? a. National Security Council (NSC). b. Congressional Budget Office (CBO). c. Office of the Secretary of Defense (OSD). d. Government Accountability Office (GAO).

Government Accountability Office (GAO).

Who authorizes and approves the AF Form 150 for do-it-yourself (DITY) moves? a. Housing Management Officer. b. Travel Management Office. c. Civil Engineer Office. d. No approval required.

Housing Management Officer.

What is the link between the Integrated Accounts Payable System (IAPS) and the General Accounting and Finance System (GAFS)? a. ICI. b. SPS. c. SMAS. d. ATRAS.

ICI.

Which is not a benefit of ITS.gov (International Treasury Service)? a. Increases the ability to process national electronic payments in emerging markets. b. Provides fast and easy-to-use foreign exchange currency purchase. c. Offers the lowest costs for sending international payments. d. Expedites payment settlement.

Increases the ability to process national electronic payments in emerging markets.

What two types of training does the Resource Management System (RMS) provide? a. Informal training and initial basic training. b. Informal training and management training. c. Initial basic training and specialized training. d. Initial basic training and management training.

Initial basic training and specialized training.

Which type of financial training is completed within 90 days after assignment? a. Informal. b. Specialized. c. Initial basic. d. Management.

Initial basic.

Which system was designed to automate the accounts payable process? a. Standard Procurement System (SPS). b. Integrated Accounts Payable System (IAPS). c. Automated Business Services Systems (ABSS). d. General Accounting and Finance System (GAFS).

Integrated Accounts Payable System (IAPS).

Identify the document that contains annual and quarterly funding authority within the operations and maintenance appropriation? a. Allotment. b. Appropriation warrant. c. Apportionment request. d. Operating budget authority.

Operating budget authority.

Which appropriation is used for day-to-day expenses such as training exercises, deployments, and civilian salaries? a. Personnel. b. Procurement. c. Operations and maintenance (O&M). d. Research, development, test, and evaluation (RDT&E).

Operations and maintenance (O&M).

Under which group in an objective wing would you find weapon systems operators such as pilots, navigators, flight engineers, and missile launch officers? a. Operations. b. Logistics. c. Support. d. Medical.

Operations.

What type of codes will allow instant input of financial transactions? a. Input. b. Reject. c. Override. d. Advance.

Override.

The Prompt Payment Act (PPA) requires federal agencies to make payments on time, if payments are late what should be done? a. Disregard discounts. b. Pay interest penalties. c. Request an extension. d. Pay as close to the due date as possible.

Pay interest penalties.

Who determines the category for a Military Interdepartmental Purchase Request (MIPR)? a. Base Civil Engineering. b. Operating location. c. Requesting activity. d. Performing activity.

Performing activity.

Which cycle of the Department of Defense (DOD) biennial planning, programming, budgeting, and execution (PPBE) system identifies military goals and develops courses of action to meet them? a. Planning. b. Budgeting. c. Execution. d. Programming.

Planning.

Which section of the Combat Comptroller Community of Practice (CoP) contains unique and unusual situations as well as identified problems and proposed solutions? a. Pre-deployment. b. Deployment. c. Post-deployment. d. UDM/Warplanner.

Post-deployment.

If you are looking for information on the location you are deploying to which option would you choose from the four offered on the main page of the Combat Comptroller Community of Practice (CoP) website? a. Deployment. b. Pre-deployment. c. Post-deployment. d. UDM/War Planner.

Pre-deployment.

What is the equilibrium price? a. Unstable price set by sellers. b. Balanced price established by the buyers. c. Price negotiated between buyers and sellers. d. Discounted price established below the wholesale cost.

Price negotiated between buyers and sellers.

If the US Treasury determines that collection is not possible when working delinquent accounts receivable, what does the debt collection do? a. Nothing. b. Process a write-off. c. Contact a collection agency. d. Follow-up with the customer.

Process a write-off.

What perspective in the Commander's Resource Information System (CRIS) do you use to retrieve an end-of-day snapshot of the most current budget execution data? a. Program Summary Record (PSR). b. Fund Summary Record (FSR). c. Control Summary Record (CSR). d. Document Summary Record (DSR).

Program Summary Record (PSR).

At which level does the Air Force manage research, development, test and evaluation (RDT&E) funds for the current and immediate preceding fiscal year? a. Program element (PE). b. Military force program (MFP). c. DOD element of expense (DODEE). d. Responsibility Center/Cost Center (RC/CC) code.

Program element (PE).

Each combination of element of expense/investment code (EEIC) and responsibility center/cost center (RC/CC) codes requires a separate a. Find summary record (FSR). b. Control summary record (CSR). c. Program summary record (PSR). d. Document summary record (DSR).

Program summary record (PSR).

The operations and maintenance (O&M) execution plan will have narratives written at what level? a. Subactivity group (SAG). b. Product enhancing capital (PEC). c. Element of expense investment code (EEIC). d. Responsibility Center/Cost Center (RCCC).

Subactivity group (SAG).

When interpreting quarterly phasing, what column do you review? a. QUARTER. b. DESCRIPTION. c. TOTAL FOR OBAN. d. ANNUAL PROGRAM.

QUARTER.

As a minimum, how frequently should the Financial Management Board (FMB) review the status of funds or accounts? a. Monthly. b. Quarterly. c. Semiannually. d. Annually.

Quarterly.

Which is not something the certifying official should check on a voucher before certifying it? a. Correct mailing address. b. Amount on voucher matches invoice. c. Discount offered on invoice is reflected on voucher. d. Receiving report is attached and dictates the payment amount authorized.

Receiving report is attached and dictates the payment amount authorized.

What document is considered evidence of financial liability? a. Purchase order. b. Receiving report. c. Commitment document. d. Annual budget authority.

Receiving report.

When the Air Force takes steps to initially construct an NCO open mess facility, what type of funds would it use? a. Nonappropriated funds. b. Reimbursable O&M funds. c. Military construction appropriation. d. Operations and maintenance appropriation.

Reimbursable O&M funds.

Total Obligation Authority (TOA) includes both Direct Budget Authority (DBA) and a. Reimbursement Budget Authority (RBA). b. Cost-Benefit Analysis (CBA). c. Total Actual Authority (TAA). d. Operations and maintenance (O&M).

Reimbursement Budget Authority (RBA).

Should a resource advisor (RA) fail to submit supporting documentation to support a Miscellaneous Obligation Reimbursement Document (MORD) what step to you take? a. None. b. De-obligate the MORD yourself. c. Request DFAS process reversal of MORD greater than 90 days. d. Request documentation from RA and organizational commander.

Request DFAS process reversal of MORD greater than 90 days.

With a direct cite category II Military Interdepartmental Purchase Request (MIPR), who funds the cost for material or services provided? a. Requesting activity. b. Performing activity. c. Army Corp of Engineers. d. Agency providing the material.

Requesting activity.

Risk from imperfect knowledge about the state of the world lead to what type of risk? a. Schedule. b. Technical. c. Requirements. d. Cost estimating.

Requirements.

Which financial manager, appointed by a responsibility center manager (RCM), monitors and helps prepare estimated requirements for resources? a. Cost analyst. b. Financial analyst. c. Resource advisor (RA). d. Cost center manager (CCM).

Resource advisor (RA).

After receiving the Operating Budget Authority Document (OBAD) from the major command (MAJCOM), what procedure must be accomplished? a. Use the O&M execution plan to fund approved programs. b. Identify all reimbursements authority required for base maintenance. c. Analyze the OBAD with MAJCOM to ensure all funds requested were received. d. Review of the OBAD submission, limitations, and targets to determine the percentage of the mission that can be accomplished.

Review of the OBAD submission, limitations, and targets to determine the percentage of the mission that can be accomplished.

What document would you use for construction projects exceeding $100,000? a. SF 1449. b. SF 1442. c. SF 1034. d. DD Form 448-2.

SF 1442.

When interpreting the Operating Budget Authority Document (OBAD) at base level, which step is to review the location verifying that the OBAD is for your base? a. First. b. Second. c. Third. d. Fourth.

Second.

The Chief of Staff of the Air Force approves or adjusts estimates and submits them to what agency or office that will make the last official action to either approve or adjust the Department of the Air Force budget estimate? a. Air Force Council. b. National Security Council (NSC). c. Secretary of the Air Force (SAF). d. Office of Management and Budget (OMB).

Secretary of the Air Force (SAF).

What is of top priority should you receive a joint tasking? a. Setting you up for success. b. Training in combat skills with the Army. c. Becoming familiar with our DOD components and joint publications. d. Accept the task and ensure you execute the missions to the best of our ability.

Setting you up for success.

An economic analysis (EA) is an aid to rational choice among competing alternatives. How many steps are in a formal EA? a. Three. b. Four. c. Five. d. Six.

Six.

Funding variances occur when reprogramming actions take place; identify the two types of funding variances? a. Macro and micro. b. Slippage and stoppage. c. Slippage and acceleration. d. Acceleration and stoppage.

Slippage and acceleration.

If temporary duty (TDY) travel encompasses more than one fiscal year, how are the charges obligated? a. Fiscal year departed. b. Fiscal year completed. c. Total expenses charged to each fiscal year. d. Split expenses according to fiscal year incurred.

Split expenses according to fiscal year incurred.

What system is used as an internal management tool by the Chairman of the Joint Chiefs of Staff (CJCS) to access effectiveness meeting responsibilities to organize, train, and equip forces for combatant commanders? a. Unit Type Codes (UTC). b. Status of Resources and Training System (SORTS). c. Secret Internet Protocol Router Network (SIPRNET). d. Air and Space Expeditionary Force UTC Reporting Tool (ART).

Status of Resources and Training System (SORTS).

When identifying the stages of accounting for obligations, which step directs you to ensure that funds are at the proper disbursement stage? a. Step 1. b. Step 2. c. Step 3. d. Step 5.

Step 2.

Which step of activity-based management (ABM) assigns resource costs to activities? a. Step 1. b. Step 2. c. Step 3. d. Step 4.

Step 2.

In which step of a business case analysis (BCA) would assumptions be made? a. Step 1. b. Step 2. c. Step 3. d. Step 4.

Step 4.

Which step in using foreign currency has you determine the impact the budget and foreign currency rate will have on programs? a. Step 1. b. Step 2. c. Step 3. d. Step 4.

Step 4.

Which step in determining the elements of the accounting classification tells you to ensure the accounting station number is noted? a. Step 1. b. Step 3. c. Step 5. d. Step 6.

Step 5.

In order to figure out a price, what must be contrasted? a. Nothing. b. The laws of supply and demand. c. The market price and the law of supply. d. The negotiated price and the law of demand.

The laws of supply and demand.

While standard organizational structures are defined in Air Force Instruction (AFI) 38-101, who determines the organizational structure of your base? a. The Defense Finance and Accounting Service (DFAS). b. The Secretary of the Air Force (SAF). c. The Financial Service Office (FSO). d. The major command (MAJCOM).

The major command (MAJCOM).

Vouchers are assembled after a. the voucher is certified. b. the payment is processed. c. all computations have been made. d. the obligation moves to the AEP stage.

all computations have been made.

All accounting classifications must contain at least the accounting and disbursing station number (ADSN) and the a. ESP code. b. allotment code. c. budget activity code. d. appropriation symbol.

appropriation symbol.

Comptroller actions supporting a Joint Strategic Capabilities Plan (JSCP) and non-JSCP contingency operations are similar. The major difference between them is that the a. comptroller is the commander during a JSCP contingency. b. dollar amount use to support the operation is limited during a JSCP contingency. c. dollar amount used to support the operation is greater during a non-JSCP contingency. d. comptroller personnel may not be required to be physically present at deployment locations to provide financial support under a non-JSCP contingency operation.

comptroller personnel may not be required to be physically present at deployment locations to provide financial support under a non-JSCP contingency operation.

Financial accounting is concerned with a. external reporting to parties outside the company. b. providing information for internal management. c. using information to make decisions. d. the discipline of accounting.

external reporting to parties outside the company.

When posting obligations in the General Accounting and Finance System (GAFS) the first step is to a. get the commitment document summary record (DSR)? b. enter the DSR. c. enter the document number. d. enter the action code.

get the commitment document summary record (DSR)?

Examples of other civilian personnel compensation (EEIC-392) include a. overtime pay, premium pay, and night work differential. b. overtime pay, cost-of-living allowance, and base pay. c. overtime pay, base pay, and night work differential. d. holiday pay, Sunday pay, and hazardous duty pay.

holiday pay, Sunday pay, and hazardous duty pay.

The General Accounting and Finance System (GAFS) uses internal files to track funds and stores them on a magnetic disk, this storage is also called a. immediate access storage. b. permanent storage. c. temporary storage. d. off-line storage.

immediate access storage.

Funds made available to the Air Force cannot be established in reserve accounts to use later; therefore, funds are programmed a. in their entirety. b. on a monthly basis. c. on a quarterly basis. d. in six month increments.

in their entirety.

The disbursement accounting process begins when a. goods are received. b. payment is received. c. payment is requested. d. service is requested.

service is requested.

The respective units of measure for custodial services and refuse collection are a. cubic yards and tonnage. b. cubic feet and cubic yards. c. square feet and cubic yards. d. square feet and square yards.

square feet and cubic yards.

The majority of materiel items are purchased from a. contracts. b. local vendors. c. the local purchase store. d. the Defense Working Capital Fund.

the Defense Working Capital Fund.

The basic purpose of the operating budget is to ensure that you price the baseline property and a. Call instructions are appropriate. b. inputs to the program objective memorandum (POM) are correct. c. the baseline for operations and maintenance (O&M) is accurate. d. the financial plan is submitted on time.

the baseline for operations and maintenance (O&M) is accurate.

Budgetary accounts, control and properly manage budget authority provided and apply primarily to. a. federal agencies. b. the legal requirements. c. reimbursement accounts. d. recorded expenses and revenues.

the legal requirements.

The focal point for developing transportation requirements is the a. resource advisor (RA). b. transportation officer. c. responsibility center manager (RCM). d. Financial Management Analysis (FMA) office.

transportation officer.