Book 2 Volume 2

The correct answer is 57*7045 and 57*7040. These two appropriations are used for the management of military family housing (MFH). The first appropriation, 57*7045, is likely used for the maintenance and upkeep of the housing units, while the second appropriation, 57*7040, may be used for the construction or acquisition of new housing units. Together, these appropriations support the management and improvement of military family housing.

The Financial Analysis Office enters the number 236 into the Standard Base Supply System (SBSS) in order to access the Organizational Cost Center Record (OCCR) adjustment screen.

Activity-based costing (ABC) is a cost allocation method that assigns the costs of resources to activities. It recognizes that activities consume resources and that the costs of these resources should be allocated based on the drivers of the activities. Cost drivers are the factors that cause or influence the incurrence of costs in an activity. By identifying and measuring these cost drivers, ABC can provide a more accurate and detailed understanding of the costs associated with specific activities, enabling better decision-making and cost control.

The correct answer is Initial basic. Initial basic financial training is completed within 90 days after assignment. This type of training is designed to provide employees with a foundational understanding of financial concepts and principles. It covers the basics of financial management, budgeting, and financial reporting. By completing this training within the first 90 days, employees can quickly acquire the necessary knowledge and skills to effectively handle financial responsibilities in their roles.

DFAS-DE 7000.4-R is the correct answer because it is the publication that establishes prerequisites for recording obligations. The other options, OMB A-76, DOD 4000.19-R, and DFAS-DE 7077.2-M, do not pertain to recording obligations.

The principle "Accept all risks to meet mission requirements" is not one of the four principles of operational risk management (ORM). The other three principles, which are mentioned in the given options, are: accepting no unnecessary risk, making risk decisions at the appropriate level, and accepting risks when benefits outweigh the costs. This principle contradicts the fundamental idea of risk management, which is to minimize and mitigate risks rather than accepting all risks without consideration.

Operations and maintenance (O&M) appropriation is used for day-to-day expenses such as training exercises, deployments, and civilian salaries. O&M funds cover the costs of maintaining and operating military facilities, equipment, and personnel. This includes routine maintenance, repairs, utilities, and other expenses necessary for the smooth functioning of military operations. O&M is essential for ensuring the readiness and effectiveness of the military forces on a daily basis.

An allotment is a type of document issued to major commands (MAJCOM) that makes funds available for obligation from an allocation or suballocation. It allows the MAJCOM to allocate and distribute funds to different units or programs within their command. This document is an important tool in managing and controlling the use of funds within the MAJCOM.

When temporary duty (TDY) travel spans across multiple fiscal years, the charges are obligated by splitting the expenses according to the fiscal year in which they were incurred. This means that the expenses are divided and allocated to the respective fiscal years based on when they were accrued. This ensures that the charges are appropriately accounted for and attributed to the correct fiscal year, allowing for accurate financial reporting and tracking of expenses.

The question is asking for a category that is not analyzed when computing the Flying Hour Program. The Flying Hour Program is typically used in aviation to calculate the cost and usage of aircraft. The categories that are commonly analyzed include aviation fuels, consumable supplies, and material support division. However, fuel consumption is not a category that is analyzed when computing the Flying Hour Program, as it is already included in the category of aviation fuels.

The directive to price an approved program in a specific format is referred to as a "Command Call." This term is commonly used in the military context, particularly in the United States Air Force (USAF). It is a command-level decision-making process where program objectives and budgets are discussed and finalized. The other options provided, such as program objective memorandum (POM), defense guidance, and USAF Call, do not accurately describe the specific directive mentioned in the question.

Items such as periodicals, subscriptions, and training aids are classified as off-line supplies because they are not directly involved in the day-to-day operations or production process. Off-line supplies are typically used for reference, training, or informational purposes and are not considered essential for immediate use. Unlike initial issue or replacement items, off-line supplies are not meant to be regularly replenished or replaced. They are often used as supplementary materials or resources that support the main operations of a business or organization.

The first consideration to determine the level at which you load fund targets is whether you consume resources at a level that's significant and measurable. This means assessing if the amount of resources used in achieving the fund targets is substantial and can be quantified. By evaluating the consumption of resources, you can determine if the targets are realistic and achievable within the available resources. This consideration helps ensure that the fund targets are set at an appropriate level that aligns with the organization's capacity and capabilities.

The correct answer is Financial Management Board (FMB). The FMB is responsible for overseeing and approving budgets within a major command (MAJCOM). They review and analyze budget proposals, ensuring they align with the overall financial goals and objectives of the MAJCOM. Once the FMB approves the budget, it can be submitted for further review and implementation.

In the Commander's Resource Information System (CRIS), the Program Summary Record (PSR) perspective is used to retrieve an end-of-day snapshot of the most current budget execution data. The PSR provides a summary of the budget execution for a specific program, including information on funds allocated, obligations, expenditures, and balances. It allows commanders to track and monitor the financial performance of their programs and make informed decisions based on the current budget status. The PSR perspective is essential for staying updated on the budget execution and ensuring effective resource management.

Mission-essential programs that are not funded fully are referred to as "disconnects" because there is a lack of alignment or connection between the importance of these programs and the amount of funding allocated to them. This term suggests a discrepancy or gap between what is necessary for the mission's success and the resources provided, highlighting the need for a better alignment between funding and program priorities.

The program within the RDT&E appropriation that includes work performed under contract with other government agencies, private industry, and educational institutions is Mission. This program focuses on the overall mission of the organization and involves collaboration with external entities to achieve research, development, test, and evaluation goals.

The Food and Forage Act is an authorized exception to the Antideficiency Act (ADA). Under this act, funds can be appropriated for the purchase of food, forage, fuel, and other supplies necessary for the immediate use and consumption of the military forces. This exception allows the government to ensure that the military personnel have access to essential supplies without violating the ADA, which prohibits federal agencies from spending funds in excess of their appropriations.

The question is asking for the maximum percentage of an annual appropriation that can be obligated during the last two months of the fiscal year. The correct answer is 20, which means that no more than 20% of the annual appropriation can be obligated during this period. This limit is likely in place to prevent excessive spending at the end of the fiscal year and to ensure that funds are properly allocated throughout the year.

The correct answer is 720. The budget program 720 is set up to cover operations and maintenance (O&M) costs of the military family housing (MFH) program. This program specifically focuses on the expenses related to the upkeep and management of military family housing facilities.

A line manager is responsible for planning and directing the actions of an organization or program. They have direct authority over the employees and are involved in decision-making processes. In this context, a line manager would be responsible for creating and managing an all-inclusive budget for the organization or program.

OMB Circular A-76 is the correct answer because it specifically directs the economic analysis process of commercial activities. This circular provides guidelines for determining whether commercial activities should be performed by the government or contracted out to the private sector. It outlines the process for conducting cost comparisons and economic analyses to determine the most cost-effective option. Therefore, A-76 is the appropriate OMB circular for directing the EA process of commercial activities.

A resource advisor (RA) is a financial manager who is appointed by a responsibility center manager (RCM) to monitor and help prepare estimated requirements for resources. This means that the RA is responsible for analyzing and forecasting the resources needed by the organization, such as labor, materials, and equipment. They work closely with the RCM to ensure that the organization has the necessary resources to meet its goals and objectives. The RA plays a crucial role in financial planning and decision-making within the organization.

Financial plan year fund requirements may vary from historical data because of one-time fund requirements and program changes. One-time fund requirements refer to specific financial needs that arise in a particular year and are not recurring. These could include unexpected expenses or investments in new projects. Program changes can also impact fund requirements as they may involve additional costs or reallocation of resources. Therefore, both one-time fund requirements and program changes can cause variations in the financial plan year fund requirements compared to historical data.

The law of supply states that the quantity supplied is directly proportional to price. This means that as the price of a good or service increases, the quantity supplied by producers also increases, and vice versa. When prices are higher, producers have a greater incentive to supply more of the product in order to maximize their profits. On the other hand, when prices are lower, producers may decrease the quantity supplied as it becomes less profitable. Therefore, the relationship between price and quantity supplied is directly proportional.

The analysis of historical data refers to the process of examining past data and trends to gain insights and make informed decisions. It does not involve analyzing plans, programs, operations, or any other specific actions. However, analyzing requirements is an essential part of understanding the needs and objectives that should be considered when analyzing historical data. Therefore, the correct answer is requirements.

Documentation is the key to Resource Management System (RMS) training because it provides written instructions, guidelines, and reference materials that help trainees understand and learn how to effectively use the system. It includes user manuals, technical specifications, FAQs, and other relevant documents that provide detailed information about the RMS. Documentation ensures that trainees have access to accurate and up-to-date information, which is crucial for their successful training and implementation of the RMS. It serves as a valuable resource for trainees to refer to during and after the training process.

After dealing with a governmental matter during the last year of service, individuals are barred from representing that matter for a period of two years after leaving government service. This restriction is put in place to prevent conflicts of interest and ensure that former government employees do not exploit their insider knowledge or connections for personal gain immediately after leaving their positions. It allows for a cooling-off period and helps maintain the integrity and impartiality of the government.

The Department of the Treasury prepares the appropriation warrant. The warrant is an official document that authorizes the spending of funds from the federal budget. As the department responsible for managing the nation's finances, the Treasury plays a crucial role in ensuring that government funds are allocated and spent appropriately.

The one-year appropriation has the greatest impact on basemanagement because it is available for a shorter period of time compared to the other options. This means that the funds allocated for basemanagement must be used within a shorter timeframe, requiring more efficient planning and execution. Additionally, the one-year appropriation may have stricter guidelines and restrictions on how the funds can be used, further influencing the management decisions.

A formal economic analysis involves a systematic process of evaluating different alternatives. This process typically consists of six steps, which include defining the problem, gathering relevant data, formulating alternative solutions, evaluating the alternatives, making a decision, and implementing the chosen solution. Each step is necessary to ensure a comprehensive and rational analysis of the competing alternatives. Therefore, the correct answer is 6.

Funding variances occur when reprogramming actions take place. Slippage refers to the delay or slow progress in funding allocation or implementation, while acceleration refers to the faster than expected allocation or implementation of funds. These two types of variances represent different scenarios where funding may deviate from the planned schedule or pace.

The transportation officer is responsible for developing transportation requirements. They coordinate and manage the transportation of personnel and equipment, ensuring that resources are allocated efficiently and effectively. They work closely with the resource advisor (RA) and the responsibility center manager (RCM) to ensure that transportation needs are met within the organization. The Financial Management Analysis (FMA) office may provide financial support and analysis, but they do not have the primary responsibility for developing transportation requirements.

The heart of the financial management process that allows you to estimate, justify, and manage base fund requirements is approved programs. This means that the financial management process relies on having programs that have been approved and authorized, which ensures that the funds allocated are being used for the intended purposes. Approved programs provide the necessary framework for estimating and justifying the fund requirements, as well as managing the allocation and utilization of funds effectively.

Step 2 of activity-based management (ABM) involves assigning resource costs to activities. This step is crucial in ABM as it helps determine the cost of each activity performed within an organization. By assigning resource costs to activities, businesses can accurately analyze and understand the cost drivers of their operations. This information is essential for making informed decisions regarding resource allocation, process improvement, and cost reduction.

Assumptions would be made in Step 4 of a business case analysis (BCA). In this step, the analyst identifies and documents all the assumptions that have been made throughout the analysis. These assumptions are important because they help to clarify any uncertainties or risks associated with the analysis. By documenting the assumptions, the analyst can also communicate them to stakeholders, enabling them to understand the basis on which the analysis has been conducted. This step ensures transparency and helps in making informed decisions based on the assumptions made during the analysis process.

The Resource Management System (RMS) provides two types of training: initial basic training and specialized training. Initial basic training refers to the foundational training that all users of the RMS receive to understand its basic functionalities and operations. Specialized training, on the other hand, is tailored to specific roles or tasks within the RMS, providing users with advanced knowledge and skills to perform their specific responsibilities effectively.

The Total Obligation Authority (TOA) is the total amount of funds that an agency is authorized to obligate for a specific fiscal year. It includes both Direct Budget Authority (DBA), which refers to funds appropriated directly to the agency, and Reimbursement Budget Authority (RBA), which refers to funds received from other sources as reimbursements. Therefore, the correct answer is Reimbursement Budget Authority (RBA).

AFMAN 65-604 is the correct answer because it is the Air Force Instruction that contains current symbols and budget codes along with their descriptions. The other options, AFMAN 65-504, AFMAN 65-503, and AFMAN 65-501, do not specifically address symbols and budget codes, making them incorrect choices.

The document that contains annual and quarterly funding authority within the operations and maintenance appropriation is the operating budget authority. This document outlines the specific funding allocated for operations and maintenance activities on an annual and quarterly basis. It provides the necessary financial resources for carrying out these activities within the organization.

The Government Accountability Office (GAO) is the correct answer because it is the government agency responsible for creating the Necessary Expense Rule. This rule allows for expenditures to be made if they are necessary to achieve the goals of a specific appropriation. The GAO is known for its role in auditing and overseeing government spending, making it the appropriate agency to establish such a rule.

The element of expense/investment code that identifies tuition assistance is 551.

Senior officials delegate approval authority for contingency funds to no one below their level in the applicable command element. This means that only individuals who are at the same level or higher in the command structure have the authority to approve the use of contingency funds. This ensures that decisions regarding the allocation of these funds are made by individuals who have the necessary knowledge, experience, and authority to do so effectively.

The correct answer is "Second" because when interpreting the Operating Budget Authority Document (OBAD) at base level, the first step would typically involve reviewing the document itself to understand its contents. Once that is done, the second step would be to review the location mentioned in the document and verify if it is indeed the base that the OBAD is referring to. This step is important to ensure that the budgetary information and authority mentioned in the document are relevant and applicable to the specific base in question.

RDT&E funds are set up on a multiple-year basis. This means that the funds allocated for research, development, test, and evaluation activities are planned and budgeted for a period of more than one year. This allows for long-term planning and execution of projects, as well as the flexibility to allocate funds over several years to ensure the successful completion of RDT&E activities. Quarterly and annually would not provide the necessary long-term planning and stability required for RDT&E projects, while no-year would imply that there is no specific time frame for the funds, which is not the case.

Collateral responsibility ensures that management decisions are compatible with the overall objectives of the installation. This means that decisions made by management should not only benefit their specific department or area of responsibility, but also align with the broader goals and objectives of the organization as a whole. Collateral responsibility helps to ensure that decisions are made in the best interest of the entire installation, considering the impact on all stakeholders and the overall success of the organization.

In an objective wing, weapon systems operators such as pilots, navigators, flight engineers, and missile launch officers would be found under the Operations group. This group is responsible for carrying out the operational tasks and missions of the wing, which includes the operation and maintenance of weapon systems.

The Air Force would use military construction appropriation funds when taking steps to initially construct an NCO open mess facility. These funds are specifically allocated for the purpose of constructing military facilities and infrastructure.

The narratives in the operations and maintenance (O&M) execution plan will be written at the subactivity group (SAG) level. This means that the plan will provide detailed explanations and descriptions of the tasks and activities to be performed within each subactivity group. The narratives will outline the specific responsibilities, procedures, and requirements for each SAG, ensuring that all necessary information is provided for effective execution of the O&M plan.

As a financial analyst acting as a liaison between resource advisors and offices within the comptroller section, you are carrying out concurrent responsibility. This means that you are responsible for coordinating and facilitating communication and collaboration between different parties within the organization. You are ensuring that the resource advisors and offices are able to work together effectively and efficiently, thereby contributing to the overall success of the comptroller section.