All Flashcards
How Many branches of Government did the Constitution establish?
Three
What was the predecessor to the Constitution?
The Articles of the Confederation
Where are all federal-level laws enacted?
Congress
In which article of the Constitution is the power to raise taxes found?
Article 1
What occurs when Congress is not in session and the President does not sign a properly-presented enrolled bill within 10 days?
Pocket Veto
Approximately what percentage of total federal spending is discretionary spending?
Thirty percent (30%)
Which branch of Government implements laws?
Executive
Which branch of Government is authorized to raise taxes and borrow money?
Legislative Branch (Congress)
Which committee attempts to resolve differences between House and Senate versions of a bill?
The Conference Committee, sometimes referred to as “The Third Chamber”
Which agency issues directions for use by other agencies in submitting their budget estimates?
Office of Management and Budget
Where are all federal– laws enacted?
Congress
In which article of the Constitution is the power to raise taxes found?
Article 1
How frequently does Congress review the DoD budget request?
Annually
Which branch of the Government is authorized to raise taxes and borrow money?
Legislative Branch (Congress)
What type of legislation provides an agency with budget authority?
Appropriation Acts
How many appropriation acts are there?
12
What term is used to describe a subdivision of an apportionment?
Allotment
What agency issues apportionments?
Office of Management and Budget (OMB)
Which branch of Government conducts hearing on the effectiveness of Government programs?
Legislative (Congress)
In the federal budget process, which organization actually prepares budget estimates?
Federal Agencies
What is the largest singe source of Federal Government tax revenues?
Income Taxes (50%)
What are requests for funds in addition to amounts already appropriated called?
Supplementals
What financial control document issued by the Treasury Department following signature of the Appropriations Act?
Appropriation Warrant
What term describes a postponement in the use of appropriated funds?
Deferral
What term describes a cancellation of appropriated funds?
Rescission
After the DoD Appropriations Bill is signed into law, what does DoD request from OMB?
Apportionment
An administrative reservation of funds is known as a what?
Commitment
What gives a Federal agency the legal authority to operate a program.
Authorization Legislation
Article 1, Section 8, Clause 1. of the U.S. Constitution empowers which branch of the Federal Government to collect taxes?
Legislative (Congress)
Where can the rules for calculating FTE employment be found?
OMB Circular A-11
That term is used to refer to the totality of units in a DoD Component?
Force Structure
What term is used to refer to the authorized and programmed strength at the end of the fiscal year for the active forces, the Selected Reserve, and appropriated-fund civilian employees in the FYDP?
Peacetime Strength
What process involves assembling, organizing, and using manpower and material resources in preparation for war or other emergency?
Mobilization
What is the maximum number of days that units of the Selected Reserve and members of the Individual Ready Reserve may be ordered to active duty (other than for training) without the consent of Congress.
365 days (10 USC 12304)
What is the maximum number of members of the Selected Reserve and the Individual Ready Reserve who may be on duty at any one time? Of these what is the maximum number who may be members of the IRR?
200,000 total 30,000 IRR
What term is used to describe a civilian who could be deployed to a crisis area.
Emergency Essential Employee
What types of activities are excluded from competition under OMB Circular A-76?
Inherently Governmental
How frequently must Federal agencies compile lists of activities that are not Inherently Governmental?
Annually
What kind of activity is so intimately related to the public interest as to mandate performance by Federal employees?
Inherently Governmental
What is one of the exceptions to the ban on gifts from outside sources?
The value of the gift is $20 or less
What is the name of the Department’s internal control effort?
Manager’s Internal Control Program
What do internal controls reasonably ensure?
Programs achieve intended results; resources are used efficiently; programs/resources are protected from waste, fraud, and mismanagement; laws are regulations are followed; financial reporting is reliable and accurate
The purposes of the Federal Managers Financial Integrity Act of 1982 are to prevent waste or misuse of agency funds or property to assure the accountability of what?
Assets
What agency issues “Standards for Internal Control in the Federal Government”?
Government Accountability Office (GAO)
Segregation of duties is a type of which interna control standard?
Control Activity
The Financial Manager’s Financial Integrity Act report must include agency plans to correct what type of weakness?
Material Weakness
Who decides whether a weakness is material enough to warrant reporting as a “material weakness” to the next higher level.
It is management’s judgement
What should be the last milestone of the corrective action plan for each material weakness?
Correction Validation
The DoD component head’s Statement of Assurance must take one of how many forms?
3
How many components are in the GAO Standards of Internal Control?
Five
For what program is the full scope of management responsibility defined in DoD Instruction 5019.40?
DoD’s Manager’s Internal Control Program
When a DoD component head provides a Statement of Assurance that the component’s controls are in place and achieving their intended objectives, is this a statement of absolute assurance or reasonable assurance?
reasonable assurance
What is the term for the probable or potential adverse effects from inadequate internal control that may result in the loss of Government resources or cause an agency to fail to accomplish significant mission objectives through fraud, waste, or mismanagement?
Risk
What kinds of weakness significantly impairs the fulfillment of a DoD component’s mission?
Material Weakness
True or False: The July 15, 2016 updated version of OMB Circular A-123 requires CFO Act Agencies to hire a Chief Risk Officer for the purpose of establishing an Enterprise Risk Management capability within the agency?
False
What are the two major categories of control areas included in GAO’s Federal Information System Controls Audit Manual (FISCAM)?
General and Business Process Application Controls
OMB stands for?
Office of Management and Budget
FYDP is?
Future Years Defense Program (FYDP)
What are the 3 documents that are the genesis of the US Federal Legislative process?
“Declaration of Independence
Articles of Confederation
Constitution”
