Financial Flashcards
1
Q
OPTAR stands for
A
Operating Target
2
Q
How funding works?
A
Congress provides O&M,N -> Fleet CDRs -> TYCOM (quarterly) -> Units
3
Q
Difference between expenditures and obligation?
A
Obligation is incurred during the first 12 months of the accounting cycle. Expenditures can be made throughout the entire 72 month or 6 year period.
4
Q
OFC 20
A
Supplies and Equipage= daily operation
Repair of Other Vessels = work conducted on other afloat units.
5
Q
What are the categories of ROV?
A
Direct - a Job Control Number is assigned to repair a customer’s vessel.
Indirect
Self
