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Logistic Specialist > NAVSUP P-485, Volume 1, Chapter 9 Financial Management > Flashcards

NAVSUP P-485, Volume 1, Chapter 9 Financial Management Flashcards

1
Q

Who provides Operations and Maintenance, Navy (O&M, N) obligation authority for a twelve-month fiscal year?

A

Congress

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2
Q

Who grant each ship or activity funding authority in the form of Operating Targets (OPTARs) to obtain the material and services necessary for day-to-day operations?

A

TYCOMs

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3
Q

What type of funds are derived from the activity’s projected obligations and expenditures based on the amount used during the previous twelve (12) months and the operating schedule for the next twelve (12) months?

A

OPTAR

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4
Q

What OPTAR category provides funds for obtaining material or services used in the daily operation of the activity?

A

OFC-20, Supplies and Equipage (S&E)

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5
Q

What type of funding is often referred to as Equipment Maintenance Related Material (EMRM) or Other for the general use consumables?

A

OFC-20, Supplies and Equipage (S&E)

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6
Q

What OPTAR category provides funds used for repair work conducted on other afloat units and service crafts by activities with Intermediate Maintenance Activity (IMA) capabilities?

A

OFC-20, Repair of Other Vessels (ROV)

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7
Q

What funds are used to provide work or services to another TYCOM or government activity when directed by an activity’s own TYCOM?

A

Reimbursable

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8
Q

What OPTAR is provided to fund the procurement of material and services necessary to support the Aircraft Maintenance Department at aviation activities?

A

OFC-50, Aviation Operations Maintenance (AOM)

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9
Q

Provided to aviation squadrons, what OPTAR is used to procure fuel consumed in flight, flight crew clothing and administrative material for support of the squadron?

A

OFC-1, Flight Operations (FLTOPS)

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10
Q

What OPTAR is used for Fleet Initial Outfitting for Individual Material Readiness List (IMRL) and Marine Table of Basic Allowance (TBA)?

A

OFC-09

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11
Q

What OPTAR is used for aircraft support, other (includes support for automated data processing equipment support, and drones and targets)?

A

OFC-10

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12
Q

What OPTAR is used for

initial outfitting and replacement of aircraft photographic equipment?

A

OFC-15

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13
Q

What OPTAR is used for

travel of personnel in connection with aviation-related travel?

A

OFC-21

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14
Q

What OPTAR is used for

transportation of material?

A

OFC-23

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15
Q

Who passes legislation known as appropriation acts to provide funds for various military programs?

A

Congress

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16
Q

The Department of Defense has set up what plan to establish planned force structure and financial levels for military departments that covers a 5 year period?

A

Future Years Defense Plan

(FYDP)

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17
Q

Funds are appropriated through annual, continuing, and what other appropriations?

A

Multiple-year

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18
Q

What appropriations are made for current operations and maintenance expenses of the Department of the Navy?

A

Annual

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19
Q

What appropriation is available for obligation during the fiscal year of the appropriation and for payment of these obligations for six years thereafter?

A

Annual

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20
Q

What type of appropriation becomes available at the beginning of the fiscal year following the appropriation act?

A

Continuing

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21
Q

What type of appropriation remains available until exhausted or until the purpose specified in the appropriation act has been accomplished?

A

Continuing

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22
Q

What type of appropriation is available for incurring obligations for a definite period in excess of one fiscal year?

A

Multiple-year

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23
Q

What type of appropriation is the amount fixed by Congress that an activity may not exceed when obligating or expending funds for certain objects or purposes?

A

Appropriation Limitations

24
Q

What is a separate account of monetary resources established for a particular purpose, time period, or both?

A

Fund

25
Q

What type of funds account for receipts and expenditures of the funding category?

A

General

26
Q

What type of funds are established to account for receipt and expenditures of items earmarked for a particular purpose?

A

Special

27
Q

What type of funds such as the Navy Working Capital Fund (NWCF) are set up to be self-sustaining?

A

Revolving

28
Q

Navy inventory managers under whom manage wholesale inventories?

A

Navy Inventory Control Point (NAVSUP WSS) in Philadelphia and Mechanicsburg

29
Q

What activity maintains official accounting records for activities for OM&N accounting under the Standard Accounting and Reporting System (STARS)?

A

DFAS

Defense Finance and Accounting Service

30
Q

What accounting refers to the performance of accounting functions for a group of OPTAR holders by a different, separate OPTAR holder or other activity.

A

Consolidated

31
Q

Who may authorized consolidated accountinng and reporting by ships, squadrons, or groups?

A

Fleet Commander

32
Q

Who are responsible for the financial management of all ships and activities under their command?

A

TYCOMs

33
Q

Who are tasked with managing system-wide levels of material, purchasing of quantities of assets as necessary to meet customer demand, and directing distribution of assets to stock points?

A

Inventory Control Points

(ICP)

34
Q

For those afloat activites operating under the Material Financial Control System (MFCS), which serves as the principal reporting activity for all material held afloat under the Navy Working Capital Fund (NWCF)?

A

NAVSUP WSS

35
Q

Who accumulates the accounting data for the cognizance material it manages and then reports it to the DFAS for up line reporting to the Central Database?

A

ICP

Inventory Control Point

36
Q

Who acts as the billing activity for retrograde material for Aviation Depot Level Repairables and Depot Level Repairables (AVDLRs/DLRs) not properly turned-in?

A

NAVSUP WSS

37
Q

A bill will be automatically generated at what number of days for a requisition with advice codes 5G if no record of NRFI turn-in is posted in eRMS and carcass charge will be processes in STARS and posted on subsequent SFOEDL?

A

45

38
Q

What stations become involved in reconciling mismatched expenditures and receipts, if the shore station was a provider of material to the activity, a provider of Disbursing Officer services for payments of opem purchases invoices (e.g USMC), or a provider of fuel farm services?

A

Shore

39
Q

Who is the Central Design Agency responsible to the Chief of Naval Operations for the design, development, and implementation of Automated Information Systems?

A

SPAWARSYSCEN Norfolk

40
Q

Who receive all trouble calls, perform troubleshooting and testing, and create correcting system modifications as necessary?

A

SPAWARSYSCEN Norfolk

41
Q

The Supplies and Equipage (S&E) OPTAR, the Aircraft Operations Maintenance (AOM) OPTAR, and the Repair of Other Vessels (ROV) OPTAR can be allocated by whom of the ship or activity to the divisional or departmental level?

A

Commanding Officer

42
Q

What OPTARs are not allocated to the divisional level?

A

Flight Operations (FLTOPS) and Reimbursable

43
Q

What codes serve the same purpose as shore station job order?

A

End-use Fund codes

44
Q

Fund codes are found in what appendix?

A

30

45
Q

Each element of accounting data requires a specific number of characters to complete its data field. When a data element does not contain a sufficient number of digits to completely fill the data field, what character/s will be entered preceding the first significant digit to complete the field?

A

Zero/s (0s)

46
Q

When required, the Disbursing Officer will assign country codes on payment vouchers in accordance with what publication and manual?

A

NAVSUP P-485, Vol. II, Appendix 11

Navy Comptroller Manual, par. 027002

47
Q

How many characters does the appropriation and subhead data in the accounting data are required?

A

11

48
Q

What code in the accounting data consists of 2 preceding zeros, 4 digit julian date, 4 digit serial number, and 2 character fund code?

A

Cost Code

49
Q

What characters must be entered in the object class in the accounting data unless the transaction affects the international balance of payments?

A

000

50
Q

Stock items ordered under a contract or other non-standard procurement methods will cite what accounting data for each requirement?

A

NWCF

Navy Working Capital Fund

51
Q

What is the required character for the appropriation and subhead data in the NWCF accounting data?

A

97X4930.NC1A

52
Q

What material is procured for stock and DTO using APA fund code Y6?

A

APA

Appropriation Purchases Account

53
Q

APA material is procured for stock and DTO using what APA fund code?

A

Y6

54
Q

For NWCF activities under R-SUPPLY Force, stock replenishment of APA material will be considered Stock In-Transit (SIT) and will cite what fund code?

A

26

55
Q
A

Logistic Specialist (7 decks)

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