Cdfm Module 3 Exam2024 Questions With Correct Verified Answers Graded A+.

CDFM -MODULE 3 EXAM2024 QUESTIONS WITH CORRECT VERIFIED ANSWERS GRADED A+. What is the Budgetary Account formula? - ANSWER -Recourses = Status of Resources Source of Incoming Funds = Use/location of Funds Under the Prompt Pay Rules, when is Constructive Acceptance considered to take place? - ANSWER -when acceptance document has not been received in a timely manner (NLT 7 calendar days after receipt What are the 5 valid voucher requirements - ANSWER -(1) voucher heading and date (2) Line of Accounting (LOA)(3) amount (4) method of payment (5) payee What are 3 Federal Financial Statements? - ANSWER -(1) Balance Sheet (2) Statement of Net Cost (3) Statement of Net Position What is the O&M limitation on minor construction? - ANSWER -$750K or up to $1.5M for health or safety related requirements with congressional approval. A maximum Earmark may not be augmented with funds from the general appropriation but any un-obligated amounts may be used for other objects in the general appropriation pertains to which Earmark concept? - ANSWER -Earmark concept: Not to Exceed Proprietary/Financial Accounting tracks - ANSWER -assetsWhat specific statutory authority allows an agency to incur obligations in anticipation or in advance of either receipts or an appropriation