Vol 5 - Financial Management Flashcards
Which stage of the PPBE begins when the president signs the Appropriations Bill?
Execution
______ is responsible for aligning a new NexGen Work Group to a Shop Rate.
CE FM
The FIAR methodology defines the ______, underlying detailed activities and resulting work products that all reporting entities should follow to become audit ready.
key tasks
Sustainment maintenance is a category of Sustainment Activities, which of the following is part of sustainment maintenance?
Work to maintain the inventory of real property assets through its expected service life
By performing these test procedures in advance of a financial statement audit, reporting entities can identify gaps in controls and documentation that require the implementation of corrective actions ______ the audit.
prior to
Which stage of the PPBE is a period when planning decisions, programming guidance, and congressional guidance are converted into a detailed allocation of resources?
Programming
All of the following are valuation challenges that must be addressed in coordination with leading OSD offices except?
Gathering Personal Data
While progress has been made, time is of the essence; therefore, the Strategy has been updated and re-aligned to stress the urgency necessary to achieve full financial statement audits within the ______.
congressionally-mandated timeframe
Which type of work classification includes scheduled repair activities to maintain the inventory of real property assets enabling them to reach their expected service life?
Sustainment Repair
______ ensures programs are properly and reasonably priced.
Program and Budget Review
From the following Accounting Classification code select the part of the code that contains the appropriation code.
5703400 300 7815 111300 01 50641 667100 18551F AA
3400
Which part of the budget cycle is where funds are allocated, obligated, and expended to accomplish DoD’s plan?
Execution
All ______ cost centers need to have a corresponding reimbursable cost center, so that when that Work Group performs work, the appropriate reimbursable cost center can be generated on the Reimbursable Report.
Actual Time Accounting (ATA)
From the following Accounting Classification code select the part of the code that contains the program element code.
5703840 300 7815 111300 01 50641 667100 18551F AA
18551F
Which part of the budget cycle produces a budget resolution?
Review and Enactment