Podcast
Questions and Answers
What is an operating budget authority
document?
What is an operating budget authority document?
- Official funding document issued to or by operating agencies. It reflects the OBA for actual expenses and reimbursements. (correct)
- A general term used specifically to identify the types of funds made available to the Air Force by Congress.
- The amount of O&M dollars which a command/base can reasonably expect to receive and carry out its mission for the forthcoming year
- Instructions issued to prepare and submit a budget estimate or estimated fund requirements for the budget year
What is the definition of accrued expenditures paid?
What is the definition of accrued expenditures paid?
- The amount of O&M dollars which a command/base can reasonably expect to receive and carry out its mission for the forthcoming year
- A code that is authorized and assigned by the Director of Budget, HQ USAF and generally equates to a MAJCOM
- Portion of your obligations that have been paid (correct)
- Instructions issued to prepare and submit a budget estimate or estimated fund requirements for the budget year
What is the definition of Operating budget account
number?
What is the definition of Operating budget account number?
- Portion of your obligations that have been paid
- Instructions issued to prepare and submit a budget estimate or estimated fund requirements for the budget year.
- An amount of funds you must reserve to cover a specific requirement. It represents an intent or plan to buy an item or service that will eventually become a legal obligation paid.
- Four-position alphanumeric control code identifying fund accounts to which operation and maintenance and military funds are authorized. (correct)
Define Operating budget code.
Define Operating budget code.
What is a general term used specifically to identify the types of funds made available to the Air Force by Congress?
What is a general term used specifically to identify the types of funds made available to the Air Force by Congress?
Define obligation authority.
Define obligation authority.
Define bogey.
Define bogey.
What is the definition of call for estimates?
What is the definition of call for estimates?
What is a commitment?
What is a commitment?
What does the DHP appropriation provide?
What does the DHP appropriation provide?
BAGs are divided into how many areas?
BAGs are divided into how many areas?
What is the accounting classification structure of which financial managers should have a solid understanding?
What is the accounting classification structure of which financial managers should have a solid understanding?
What are five-digit-number identifiers depicting the specific program in which moneys are expended?
What are five-digit-number identifiers depicting the specific program in which moneys are expended?
What three- to five-digit number indicates the type of cost incurred within a work center?
What three- to five-digit number indicates the type of cost incurred within a work center?
What office is headed by an officer or supervisor who is responsible for the management of resources in the unit and who, in most instances, can significantly influence the expenses incurred by the unit?
What office is headed by an officer or supervisor who is responsible for the management of resources in the unit and who, in most instances, can significantly influence the expenses incurred by the unit?
For what purpose is an RC/CC code used?
For what purpose is an RC/CC code used?
Who is the MDG/CC’s “right hand” for most financial matters?
Who is the MDG/CC’s “right hand” for most financial matters?
In what four areas should the RA assist the MDG/CC?
In what four areas should the RA assist the MDG/CC?
What is cost containment?
What is cost containment?
Who is in the best position to see how funds are expended in their responsibility center?
Who is in the best position to see how funds are expended in their responsibility center?
Who is responsible for training the CCMs?
Who is responsible for training the CCMs?
______________________ personnel is the OPR for the cost center lists and backorder lists
______________________ personnel is the OPR for the cost center lists and backorder lists
What should be kept in the CCM guide?
What should be kept in the CCM guide?
The ______________ appoints the CCM in writing
The ______________ appoints the CCM in writing
What is the basic information CCMs need for their initial training?
What is the basic information CCMs need for their initial training?
The _______________________ system is the brain that updates and maintains accounting records for accounts receivable and payable.
The _______________________ system is the brain that updates and maintains accounting records for accounts receivable and payable.
What financial form is used to request the purchase of goods or services through channels other than supply?
What financial form is used to request the purchase of goods or services through channels other than supply?
Who must sign the MORD stating funds are available?
Who must sign the MORD stating funds are available?
What is completed when requesting services from another DOD agency?
What is completed when requesting services from another DOD agency?
What document provides open accounts payable and accounts receivable, purchase request, and contract status information?
What document provides open accounts payable and accounts receivable, purchase request, and contract status information?
A financial control document, issued pursuant to law (usually appropriation acts) by the Treasury Department, that establishes the amount of monies authorized to be withdrawn (disbursed) from the central accounts that are maintained by the Treasury Department is an ________________________.
A financial control document, issued pursuant to law (usually appropriation acts) by the Treasury Department, that establishes the amount of monies authorized to be withdrawn (disbursed) from the central accounts that are maintained by the Treasury Department is an ________________________.
What are the two stages of accountability CCMs need to understand when performing analysis of expenses?
What are the two stages of accountability CCMs need to understand when performing analysis of expenses?
Which stage of accountability includes undelivered orders outstanding, accrued expenditures unpaid, and accrued expenditures paid?
Which stage of accountability includes undelivered orders outstanding, accrued expenditures unpaid, and accrued expenditures paid?
What is an accrued expenditures unpaid?
What is an accrued expenditures unpaid?
What should a CCM never do?
What should a CCM never do?
What does the executive and legislative branches of the government work on during the first quarter?
What does the executive and legislative branches of the government work on during the first quarter?
What time frame constitutes the first quarter of the fiscal year?
What time frame constitutes the first quarter of the fiscal year?
What begins the execution stage of the financial process?
What begins the execution stage of the financial process?
____________ is an agency that distributes funds to the individual MTFs
____________ is an agency that distributes funds to the individual MTFs
What does the FAD identify?
What does the FAD identify?
