6f051 Edit Code 7

77 Questions | By Mjhennick | Updated: Mar 19, 2022 | Attempts: 382

Questions

Settings

Create your own Quiz

Cdc

Questions and Answers

1.

What is the major difference between the responsibilities of the FMA and the DFAS.
- 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 actvated to reduce costs and improve the overall quality of DOD financial management.
- D.
  
  FMA handles the acconting processes at base level serves as a liasion between the bas organizations 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 accounting 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 acounting classification tells you to ensure the accounting station number is noted?
- A.
  
  Step 1
- B.
  
  Step 3
- C.
  
  Step 5
- D.
  
  Step 6
5.

Which funds are established to record collections for no year and clearing accounts?
- A.
  
  Trust
- B.
  
  Deposit
- C.
  
  General
- D.
  
  Revolving
6.

Which code indentifies what is being purchased?
- A.
  
  ESP
- B.
  
  EEIC
- C.
  
  Sales
- D.
  
  ADSN
7.

What code is the first subdivision of the accounting classification below the appropriation level and always starts with the letter "P".
- 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.

When a requirement is known but a firm price is not, an administrative reservation of funds is processed and is also know as
- A.
  
  An obligation stage
- B.
  
  An expenditure stage
- C.
  
  A disbursement stage
- D.
  
  A commitment stage
10.

Which stage of accounting liquidates the obligation?
- 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 (UFCO)
- B.
  
  GAFS as filled orders uncollected (FOU)
- C.
  
  SBSS as UFCO
- D.
  
  SBSS as FOU
12.

What is te first step in identifying the stages of accounting?
- 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 th correct stage.
- D.
  
  Start with disbursement accounting.
13.

When identifying the stages of accounting for obligations, which step directs you to ensure that funds are at the proper disbursement stage?
- A.
  
  Step 1
- B.
  
  Step 2
- C.
  
  Step 3
- D.
  
  Step 5
14.

GAFS uses internal files to track funds and stores them on a 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 beginning of the fiscal year?
- A.
  
  Find summary record (FSR)
- B.
  
  Control summary record (CSR)
- C.
  
  Program summary record (PSR)
- D.
  
  Document summary record (DSR)
16.

Each combination of EEIC and RC/CC codes requires a separate
- A.
  
  FSR
- B.
  
  CSR
- C.
  
  PSR
- D.
  
  DSR
17.

Which system was designed to automate the accounts payable process:
- A.
  
  Standard Procuremet System (SPS)
- B.
  
  Integrated Accounts Payable System (IAPS)
- C.
  
  Automated Business Services Systems ( ABSS)
- D.
  
  General Accounting and Finance System (GAFS)
18.

What is the link between the IAPS and the GAFS?
- A.
  
  ICI
- B.
  
  SPS
- C.
  
  SMAS
- D.
  
  ATRAS
19.

What system is used to approve upward adjustments to expired and cancelled appropriations?
- A.
  
  Defense Enterprise Accounting and Management System (DEAMS)
- B.
  
  Obligation Adjustment Reporting System (OARS)
- C.
  
  Automated Business Services System (ABSS)
- D.
  
  Centralized Disbursing System (CDS)
20.

What is the next step after an ABSS user selects the form type?
- A.
  
  Add the line items
- B.
  
  Route the document
- C.
  
  Add the line of accounting
- D.
  
  Add the administrative data
21.

Who is the final financial individual in te ABSS routing process?
- A.
  
  The contracting official
- B.
  
  The certifying official
- C.
  
  The resource advisor
- D.
  
  The approver
22.

What are the steps of processing a document in the ABSS?
- A.
  
  Approver, resource advisor, certifying official
- B.
  
  Resource advisor, approver, certifying official
- C.
  
  Certifying official, approver, resource advisor
- D.
  
  Certifying official, resource advisor, approver
23.

Who appoints the certifying official in writing?
- A.
  
  DDO
- B.
  
  DO
- C.
  
  RA
- D.
  
  Comptroller
24.

Who is held pecuniary liable for erroneous payments?
- A.
  
  Budget officer
- B.
  
  Certifying official
- C.
  
  Contracting officer
- D.
  
  Resource advisor (RA)
25.

What type of codes will allow instant input of financial transactions.
- A.
  
  Input
- B.
  
  Reject
- C.
  
  Override
- D.
  
  Advance