Vol 1. Accounting Principles And Contingency Chp 1-2 Progress Check
6f051k volume 1: accounting principles
- 1.
who has overall responsibility for commitment accounting?
- A.
FSO
- B.
FMA
- C.
Comptroller
- D.
DFAS
Correct Answer
B. FMA -
- 2.
WHAT WAS ACTIVATED IN ORDER TO REDUCE COSTS AND IMPROVE THE OVERALL QUALITY OF DOD FINANCIAL MANAGEMENT THROUGH CONSOLODATION, STANDARDIZATION AND INTEGRATION OF FINANCE AND ACCOUNTING OPERATIONS, PROCEDURES AND SYSTEMS?
- A.
AFAFO
- B.
DFAS
- C.
SAF/FM
- D.
FMA
Correct Answer
B. DFAS -
- 3.
WHAT FUNDS ARE ESTABLISHED TO RECORD COLLECTIONS FOR NO YEAR AND CLEARING ACCOUNTS?
- A.
TRUST FUND
- B.
SPECIAL FUND
- C.
DEPOSIT FUND
- D.
REVOLVING FUND
Correct Answer
C. DEPOSIT FUND -
- 4.
HOW MANY DIGITS ARE IN AN RC/CC
- A.
2
- B.
4
- C.
6
- D.
7
Correct Answer
C. 6 -
- 5.
HOW MANY DIGITS ARE IN A BUDGET ACTIVITY CODE?
- A.
2
- B.
4
- C.
6
- D.
7
Correct Answer
A. 2 -
- 6.
WHAT STAGE OF DISBURSMENT ACCOUNTING DOES THE DECREASE IN AEU TAKE PLACE?
- A.
AEP
- B.
AEU
- C.
UOO
Correct Answer
A. AEP -
- 7.
WHICH OF THE FOLLOWING ARE STAGES OF REIMBURSMENT ACCOUNTING?
- A.
UFO
- B.
FOU
- C.
COO
- D.
FOC
Correct Answer(s)
A. UFO
B. FOU
D. FOC -
- 8.
WHAT IS THE HIGHES LEVEL OF SUMMARY RECORD?
- A.
CSR
- B.
FSR
- C.
PSR
- D.
DSR
Correct Answer
A. CSR -
- 9.
WHAT IS THE LOWEST LEVEL OF SUMMARY RECORD?
- A.
CSR
- B.
FSR
- C.
PSR
- D.
DSR
Correct Answer
D. DSR -
- 10.
WHICH SYSTEM AUTOMATES THE CREATION OF FINANCIAL DOCUMENTS?
- A.
GAFS
- B.
CRIS
- C.
ABSS
- D.
BQ
Correct Answer
C. ABSS -
- 11.
WHO APPOINTS A CERTIFYING OFFICIAL?
- A.
DDO
- B.
FSO
- C.
COMPTROLLER
- D.
COMMANDER
Correct Answer
B. FSO -
- 12.
EXPLAIN IN ESSAY; WHAT ARE 3 OF THE 5 COMMON COMMITMENT DOCUMENTS? WHEN ARE EACH USED? AND GIVE A SCENARIO OF WHEN THIS WOULD APPLY TO YOU.
- 13.
WHAT WOULD BE THE PREFENCIAL DOCUMENT WHEN PURCHASING FROM ANOTHER DOD AGENCY?
- A.
AF FORM 616
- B.
DD FORM 448
- C.
AF FORM 9
- D.
AF FORM 4009
Correct Answer
B. DD FORM 448 -
- 14.
What form is utilized for purchases exceeding $100,000.00?
- A.
SF 1449
- B.
SF 1442
- C.
AF Form 616
- D.
AF Form 9
Correct Answer
B. SF 1442 -
- 15.
When computing a discount, from what date will the discount start?
- A.
Date of signature
- B.
Date of invoice
- C.
Date of recieving report
- D.
Date of delivery
Correct Answer
B. Date of invoice -
- 16.
What is a MORD form number?
- A.
DD Form 1556
- B.
AF Form 1556
- C.
DD Form 406
- D.
AF Form 406
Correct Answer
D. AF Form 406 -
- 17.
How many files are created by the MS Access program creates how many files during tri-annual review
- A.
3
- B.
2
- C.
4
- D.
1
Correct Answer
C. 4 -
- 18.
normally how far out does the IAPS payment forcast project?
- A.
30 days
- B.
60 days
- C.
180 days
- D.
Fiscal year
Correct Answer
A. 30 days -
- 19.
Give one example you would use a OF 1017-G. Give one example you would use a SF 1081.
- 20.
Obligations against a multiple year appropriation can cover what timeframe?
- A.
One year only
- B.
Only three years
- C.
Two through five years
- D.
Two through seven years
Correct Answer
C. Two through five years -
- 21.
An AF Form 616 is processed into IAPS and a copy is retained to support what stage of accounting?
- A.
Obligation
- B.
Commitment
- C.
AEP
- D.
AEU
Correct Answer
B. Commitment -
- 22.
Who determines the category for a military interdepartmental purchase request?
- A.
BCE
- B.
Requesting Activity
- C.
Performing Activity
- D.
OPLOC
Correct Answer
C. Performing Activity -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Aug 09, 2011Quiz Created by
Gijustin03
Back to top