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CDFM MODULE 3 EXAM 20232024 REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3

CDFM MODULE 3 EXAM 20232024 REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3

CDFM MODULE 3 EXAM 20232024 REAL EXAM WITH QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS)//CDFM Module 3.3

The Budget and Accounting Act of 1921 established the GAO- Legislative Branch- to audit financial transactions of which branch of the Government? - CORRECT ANSW Executive Branch

The GPRA requires agencies to define goals, set performance targets, and report what? - CORRECT ANSW Actual Performance

Any enforceable agreement between an agency and a business concern for the acquisition of property of services is called what? - CORRECT ANSW contract

What term is used to describe Federal Government funds that have been paid but have not yet been identified to a specific organization? - CORRECT ANSW Undistributed Disbursements

What term is used in SFFAS #4 to describe the process of accumulating, measuring, analyzing, interpreting, and reporting cost? - CORRECT ANSW Managerial Cost Accounting

What are the two self-balancing set of accounts the U.S. Government Standard General Ledger - USGSGL? - CORRECT ANSW Budgetary and Propriety

In proprietary accounting, assets equal liabilities plus? - CORRECT ANSW Net position

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