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77 Questions | Total Attempts: 41

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Accounting Quizzes & Trivia

Questions and Answers
  • 1. 
    • A. 

      DFAS handles the accounting processes at base level

    • B. 

      Structure within each field site is mostly standardized, but may vary at some locations

    • C. 

      DFAS was activated to reduce costs and improve the overall quality of DOD and financial management

    • D. 

      FMA handles the accounting processes at base level serves as a liaison between the base organzations and DFAS

  • 2. 
    Overall responsibility for obligation accounting is maintained by
    • A. 

      Reports and Analysis

    • B. 

      The Acquisition Division

    • C. 

      Finance and Accounting

    • D. 

      The security Processing Division

  • 3. 
    All accounting classifications must contain at least the acocunting and disbursing station number (ADSN) and the
    • A. 

      ESP Code

    • B. 

      Allotment code

    • C. 

      Budget activity code

    • D. 

      Appropriation symbol

  • 4. 
    Which step in determining the elements of the acocunting classification tells you to ensure the accounting station number is noted?
    • A. 

      Step 1

    • B. 

      Step 2

    • C. 

      Step 5

    • D. 

      Step 6

  • 5. 
    • A. 

      Trust

    • B. 

      Deposit

    • C. 

      General

    • D. 

      Revolving

  • 6. 
    • A. 

      ESP

    • B. 

      EEIC

    • C. 

      SALES

    • D. 

      ADSN

  • 7. 
    • A. 

      Budget project

    • B. 

      Budget Program

    • C. 

      Budget subproject

    • D. 

      Budget program activity code

  • 8. 
    The disbursement accounting process begins when
    • A. 

      Goods are received

    • B. 

      Payment is received

    • C. 

      Payment is requested

    • D. 

      Service is requested

  • 9. 
    • A. 

      An obligation stage

    • B. 

      An expenditure

    • C. 

      A disbursement stage

    • D. 

      A commitment stage

  • 10. 
    • A. 

      AEP

    • B. 

      COO

    • C. 

      UOO

    • D. 

      AEU

  • 11. 
    After receiving utilities estimates from CE, the DFAS enters the estimate into
    • A. 

      GAFS as unfilled customer orders

    • B. 

      GAFS as filled orders uncollected

    • C. 

      SBSS as UFCO

    • D. 

      SBSS as FOU

  • 12. 
    • A. 

      Identify whether funds are at the commitment or obligation stage

    • B. 

      Determine the type of accounting your working with

    • C. 

      Ensure that funds are loaded into the correct stage

    • D. 

      Start with disbursement accounting

  • 13. 
    • A. 

      Step 1

    • B. 

      Step 2

    • C. 

      Step 3

    • D. 

      Step 5

  • 14. 
    The GAFS uses internal files to to track funds and stores them on magnetic disk, this storage is also called?
    • A. 

      Immediate access storage

    • B. 

      Permanent storage

    • C. 

      Temporary storage

    • D. 

      Off-line storage

  • 15. 
    Which record is not established at the brginning of the fiscal year?
    • A. 

      FSR

    • B. 

      CSR

    • C. 

      PSR

    • D. 

      DSR

  • 16. 
    Each combination of element of expense/inventment code and RC/CC codes requires a seperate
    • A. 

      FSR

    • B. 

      CSR

    • C. 

      PSR

    • D. 

      DSR

  • 17. 
    Which system was designed to automate 6the acocunts paywable process?
    • A. 

      SPS

    • B. 

      IAPS

    • C. 

      ABSS

    • D. 

      GAFS

  • 18. 
    • A. 

      ICI

    • B. 

      SPS

    • C. 

      SMAS

    • D. 

      ATRAS

  • 19. 
    • A. 

      DEAMS

    • B. 

      OARS

    • C. 

      ABSS

    • D. 

      CDS

  • 20. 
    • A. 

      Add the line item

    • B. 

      Route the document

    • C. 

      Add the line of accounting

    • D. 

      Add the administrative data

  • 21. 
    • A. 

      The contracting official

    • B. 

      The certifying official

    • C. 

      The resource advisor

    • D. 

      The approver

  • 22. 
    • A. 

      Approver, resource advisor, CO

    • B. 

      RA, Approver, CO

    • C. 

      CO, approver, RA

    • D. 

      Co, RA, approver

  • 23. 
    • A. 

      DOO

    • B. 

      DO

    • C. 

      RA

    • D. 

      Comptroller

  • 24. 
    • A. 

      Budget officer

    • B. 

      Certifying official

    • C. 

      Contracting officer

    • D. 

      Resources advisor

  • 25. 
    • A. 

      Input

    • B. 

      Reject

    • C. 

      Override

    • D. 

      Advance

  • 26. 
    • A. 

      Any need an organization has in the next 3 years

    • B. 

      Any need the organization will have in the next fiscal year

    • C. 

      The need is limited to only what the organization can use in the next 30 days

    • D. 

      A bona fide need for goods or sergvices in the fiscal year the funds are issued for

  • 27. 
    Which commitment document is used to designate the accounting classification for charges by the cardholders within the various organizations on base?
    • A. 

      AF Form 9

    • B. 

      AF Form 616

    • C. 

      AF Form 4009

    • D. 

      DD Form 448

  • 28. 
    • A. 

      Line Items button

    • B. 

      Insert record button

    • C. 

      Acct class button

    • D. 

      Route button

  • 29. 
    • A. 

      SF 1449

    • B. 

      SF 1442

    • C. 

      SF 1034

    • D. 

      DD Form 448-2

  • 30. 
    • A. 

      Base CE

    • B. 

      Operating location

    • C. 

      Requesting activity

    • D. 

      Performing activity

  • 31. 
    With a direct cite category II MIPR who funds the cost for material or services provided?
    • A. 

      Requesting activity

    • B. 

      Performing activity

    • C. 

      Army corp of engineers

    • D. 

      Agnecy providing the material

  • 32. 
    • A. 

      Housing Management Officer

    • B. 

      Travel Managment Officer

    • C. 

      Civil Engineer Office

    • D. 

      No approval required

  • 33. 
    • A. 

      Purchase order

    • B. 

      Receiving report

    • C. 

      Commitment document

    • D. 

      Annual budget authority

  • 34. 
    A receiving report represents what stage of accounting?
    • A. 

      AEU

    • B. 

      AEP

    • C. 

      UOO

    • D. 

      FCOC

  • 35. 
    • A. 

      AF Form 616

    • B. 

      DD Form 819

    • C. 

      Af Form 821

    • D. 

      DD Form 1155

  • 36. 
    The prompt payment act requires federal agencies to make payments on time, if payments are late what should be done?
    • A. 

      Disregard discounts

    • B. 

      Pay interest penalties

    • C. 

      Request an extension

    • D. 

      Pay as close to the due date as possible

  • 37. 
    Cash management is a part of the promt payment act what is a function of cash management?
    • A. 

      Negotiating discounts

    • B. 

      Electronic funds transfer

    • C. 

      Taking discounts when offered

    • D. 

      Making payments within a 7 day window

  • 38. 
    Although you must make payments within prescribed terms, payments must also be paid within what window?
    • A. 

      3 day window

    • B. 

      7 day window

    • C. 

      5 days before the due date

    • D. 

      Between the 24th and 30th of the month

  • 39. 
    • A. 

      Certify the document

    • B. 

      Check the description block

    • C. 

      Record the obligation in GAFS

    • D. 

      Reject if back if the description is missing

  • 40. 
    • A. 

      None

    • B. 

      De-obligate the MORD yourself

    • C. 

      Request DFAS process reversal of MORD greater than 90 days

    • D. 

      Request documentation from RA and organzational commander

  • 41. 
    • A. 

      Reconcile your purchase

    • B. 

      Notify your billing offical

    • C. 

      Update your personal tracking form

    • D. 

      Update Access Online with each purchased

  • 42. 
    Which is the file created for the Tri-annual Review at the start of each review, requires validation by the bases, and is the mid-point of the review?
    • A. 

      90 percent file

    • B. 

      Base file

    • C. 

      O&M file

    • D. 

      Master file

  • 43. 
    As a RA if you accepted a MIPR as a Cat 2, what actions do oyu take after you receive the obligation documents?
    • A. 

      Forward to the DFAS

    • B. 

      Forward to the FMA

    • C. 

      File them, copies are sent to all applicable offices

    • D. 

      Review and return to sender with your concurrence

  • 44. 
    Which general accounting and finance system listing identifies all open document summary records in the BQ system?
    • A. 

      ODL

    • B. 

      DAL

    • C. 

      DASL

    • D. 

      OBL/AL

  • 45. 
    • A. 

      STHL

    • B. 

      DASL

    • C. 

      GOO

    • D. 

      ODL

  • 46. 
    • A. 

      DD Form 1131

    • B. 

      SF Form 1080

    • C. 

      SF Form 1034

    • D. 

      AF Form 819

  • 47. 
    • A. 

      DD Form 1131 and SF 1034

    • B. 

      DD Form 1131 and SF 1080

    • C. 

      AF Form 819 and SF 1080

    • D. 

      AF Form 819 and DD form 1131

  • 48. 
    • A. 

      Any amount still owed

    • B. 

      The voucher series starting with P

    • C. 

      All of the information on the billing document

    • D. 

      Complete accounting classification being credited

  • 49. 
    If the US Treasury determines the collection is not possible when working delinquent accounts receivable. what does the debt collection do?
    • A. 

      Nothing

    • B. 

      Process a write-off

    • C. 

      Contact a collection agency

    • D. 

      Follow up with the customer

  • 50. 
    Financial accounting is concerned with
    • A. 

      External reporting to parties outside the company

    • B. 

      Providing information for internal management

    • C. 

      Using informaiton to make decisions

    • D. 

      The discipline of accounting

  • 51. 
    The left side of the T account is used to record
    • A. 

      Assets

    • B. 

      Credits

    • C. 

      Debits

    • D. 

      Owners equity

  • 52. 
    • A. 

      T accounts

    • B. 

      Trial balance

    • C. 

      Owners equity

    • D. 

      Posting transactions

  • 53. 
    Budgetary accounts, control and properly manage budget authority provided and apply primarily to
    • A. 

      Federal agencies

    • B. 

      The legal requirements

    • C. 

      Reimbursement accounts

    • D. 

      Recorded expenses and revenues

  • 54. 
    The proprietary accounting equation includes all of the followinfg except
    • A. 

      Net position

    • B. 

      Liabilities

    • C. 

      Debits

    • D. 

      Assets

  • 55. 
    If you are looking for information on the location you are deploying to which option would you choose from the four offered on the main page of the combat comptroller community of practice website?
    • A. 

      Deployment

    • B. 

      Pre-deployment

    • C. 

      Post-deployment

    • D. 

      UDM/War Planner

  • 56. 
    Which section of the COP contains unique and unusual situations as well as identified problems and proposed solutions?
    • A. 

      Pre deployment

    • B. 

      Deployment

    • C. 

      Post deployment

    • D. 

      UDM/War Planner

  • 57. 
    Which section of the COP includes great information on the ART to include the checklist to assess unit type code personnel?
    • A. 

      Pre-Deployment

    • B. 

      Deployment

    • C. 

      Post-Deployment

    • D. 

      UDM/Warplanner

  • 58. 
    If you are looking to understand the overall picture of contingencies specifically our FM wartime requirements you would search in what section of the COP website?
    • A. 

      Deployment

    • B. 

      Pre-deployment

    • C. 

      Post-deployment

    • D. 

      UDM/Warplanner

  • 59. 
    What system is used as an internal management tool by the chairman of the joint chief of staff to access effectiveness meeting responsibilitaies to organize, train, and equip forces for combatant commanders?
    • A. 

      UTC

    • B. 

      SORTS

    • C. 

      SIPRNET

    • D. 

      ART

  • 60. 
    Comptroller actions supporting a JSCP and non-JSCP contingency operations are similar.  The Major difference between them is that the
    • A. 

      Comptroller is the commander during a JSCP contingency

    • B. 

      Dollar amount use to support the operation is limited during a JSCP contingency

    • C. 

      Dollar amount used to support the operation is greater during a non-JSCP contingency

    • D. 

      Comptroller personnel may not be required to be physically present at the deployment locations to provide financial support under a non-ISCP contingency operation.

  • 61. 
    What rates are normally used in preparing the budget submission
    • A. 

      Cost

    • B. 

      Budget

    • C. 

      Financial

    • D. 

      Exchange

  • 62. 
    What account is used to charge losses or credit gains between amounts obligated, at specified budget rates, in the basic appropriation and the amount disbursed at the current rate of exchange for designated foreign currencies?
    • A. 

      CMA accounts

    • B. 

      Parent base official representation fund account

    • C. 

      Parent base O&M account

    • D. 

      Parents base Base Procured Investment Equipment account

  • 63. 
    Step 2 of using foreign currency has you
    • A. 

      Determine the type fo funds

    • B. 

      Determine the impact on payments

    • C. 

      Determine the year in which funds are affected

    • D. 

      Look at the DODFMR, vol 6A chap 7 for budget rates

  • 64. 
    Which step is using foreign currency has you determine the impact the budget and foreign currency rate will have on programs?
    • A. 

      Step 1

    • B. 

      Step 2

    • C. 

      Step 3

    • D. 

      Step 4

  • 65. 
    An Air Force form 616, Fund Cite Authorization, may be used to prurchase
    • A. 

      Food to support a party for morale boostings

    • B. 

      Vehicle rentals in support of a contingency

    • C. 

      Purchase of investment equipment over 100,000

    • D. 

      Vehicle rentals when a personal vehicle is no authorized

  • 66. 
    • A. 

      Get the commitment document summary record (DSR)

    • B. 

      Enter the DSR

    • C. 

      Enter the document number

    • D. 

      Enter the action code

  • 67. 
    Vouchers are assembled after
    • A. 

      The voucher is certified

    • B. 

      The payment is processed

    • C. 

      All computations have been made

    • D. 

      The obligation moves to the AEP stage

  • 68. 
    Which is not something the certifying official should check on a voucher before certifying it?
    • A. 

      Correct mailing address

    • B. 

      Amount on voucher matches the invoice

    • C. 

      Discount offered on invoice is reflected on voucher

    • D. 

      Receiving report is attached and dictates the payment amount authorized

  • 69. 
    If BQ is not available at a deployed location, then what form is issued to authorize use of funds?
    • A. 

      AF Form 9

    • B. 

      AF Form 616

    • C. 

      AF Form 1449

    • D. 

      AF Form 1131

  • 70. 
    • A. 

      Annotate with the date, reference number of the document and amount of the commitment?

    • B. 

      Ensure the commitment doesn't exceed the balance without prior approval of the issuing activity

    • C. 

      Calculate the new available balance by reducing the commitment amount by the amount of the newly posted commitment

    • D. 

      None, there are only 2 steps

  • 71. 
    • A. 

      Major categories

    • B. 

      As much detail as can fit in the slide

    • C. 

      How much each unit has spent on office supplies

    • D. 

      Non the commander doesnt need to know how much each unit has obligated

  • 72. 
    • A. 

      A national payment and collection system

    • B. 

      A website used to process foreign payment request

    • C. 

      A system maintained by the New Jersey Federal Reserve Bank

    • D. 

      A system used for processing international direct deposit payments

  • 73. 
    Which is not benefit of ITS.gov
    • A. 

      Increase the ability to process national electronic payments in emerging markets

    • B. 

      Provides fast and easy-to-use foreign exchange currency purchase

    • C. 

      Offers the lowest costs for sending international payments

    • D. 

      Expedites payment settlement

  • 74. 
    Acquisitions Cross service agreement documents
    • A. 

      ACSA statutes

    • B. 

      Trainging events and humanitarian responses

    • C. 

      Legal authority to buy, sell, give, or loan support to another country

    • D. 

      Logistic support, supplies, and services to military forces of a qualifying country or organization

  • 75. 
    The ACSA program allows logistical support with coordination from what three areas?
    • A. 

      Finance, legal finance

    • B. 

      Finance, logistics, legal

    • C. 

      Acquisition, legal logistics

    • D. 

      Logistics, acquisition, finance

  • 76. 
    • A. 

      Setting you up for success

    • B. 

      Training in combat skills with the army

    • C. 

      Becoming familiar with our DOD components and joint publications

    • D. 

      Accept the task and ensure you excute the missions to the best of our ability

  • 77. 
    Which catagory contains the financial publications that contains specific guidance regarding early resource manager involvement in planning to ensure mission success?
    • A. 

      1-0 personnel series

    • B. 

      3-0 Operations series

    • C. 

      4-0 logistics series

    • D. 

      5-0 planning series