Quiz: Accounting Principles And Contingency Operations

70 Questions | By Bigt2079 | Updated: Mar 20, 2022 | Attempts: 168

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Quiz: Accounting Principles And Contingency Operations - Quiz

AF FM SKY study questions.

Questions and Answers

1.

What is the major difference between the responsibilities of the Financial Management Analysis and the Defense Finance and Accounting Service?
- 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 financial management
- D.
  
  FMA handles the accounting processes at base level serves as liaison between the base organizations and the field site
2.

Overall responsibility for obligation accounting is maintained by:
- A.
  
  Reports and analysis
- B.
  
  The acquisition division
- C.
  
  Accounting and Finance
- D.
  
  The security processing division
3.

All accounting classifications must contain at least the accounting and disbursing station number and the:
- A.
  
  ESP code
- B.
  
  Allotment code
- C.
  
  Budget activity code
- D.
  
  Appropriation symbol
4.

Which funds are established to record collections for no year and clearing accounts?
- A.
  
  Trust
- B.
  
  Deposit
- C.
  
  General
- D.
  
  Revolving
5.

Which code identifies the item being purchased?
- A.
  
  ESP
- B.
  
  EEIC
- C.
  
  Sales
- D.
  
  ADSN
6.

The disbursement accounting process begins when:
- A.
  
  Goods are received
- B.
  
  Payment is received
- C.
  
  Payment is requested
- D.
  
  An item/service is requested
7.

Before making a payment, the Resource Advisor verifies:
- A.
  
  Goods/services are received
- B.
  
  Receiving report is processed
- C.
  
  The invoice contains the proper data
- D.
  
  Good/services are received and receiving report is processed
8.

After receiving utility estimates from CE, the field site enters the estimate into:
- A.
  
  GAFS as UFO
- B.
  
  GAFS as FOU
- C.
  
  SBSS as UFO
- D.
  
  SBSS as FOU
9.

Which of the following is not an obligation stage?
- A.
  
  AEP
- B.
  
  COO
- C.
  
  UOO
- D.
  
  AEU
10.

Which stage of accounting liquidates the obligation?
- A.
  
  AEP
- B.
  
  COO
- C.
  
  UOO
- D.
  
  AEU
11.

What are the steps of processing a document in the Automated Business Services System?
- A.
  
  Approver; resource advisor; certifying official
- B.
  
  Resource advisor; approver; certifying official
- C.
  
  Certifying official; approver; resource advisor
- D.
  
  Certifying official; resource advisor; approver
12.

Which system was designed to automate the accounts payable process?
- A.
  
  SPS
- B.
  
  GAFS
- C.
  
  IAPS
- D.
  
  ABSS
13.

Which system is an FM initiative that will transform business and financial management processes and systems to provide accurate, reliable, and timely business information to support effective business decision making was designed to automate records of Air Force members who travel?
- A.
  
  RTS
- B.
  
  IAPS
- C.
  
  ORLV
- D.
  
  DEAMS
14.

Who appoints the certifying official in writing?
- A.
  
  DO
- B.
  
  RA
- C.
  
  FSO
- D.
  
  DDO
15.

Who shares pecuniary liability with the Financial Service Office (FSO)?
- A.
  
  RA
- B.
  
  Budget officer
- C.
  
  Certifying official
- D.
  
  Contracting officer
16.

Which is not a step in the fund's certification process?
- A.
  
  Post MAFR
- B.
  
  Check the funds status
- C.
  
  Review for completeness and accuracy
- D.
  
  Verify the accuracy of accounting classification and fund cite
17.

What type of codes will allow instant input of financial transactions?
- A.
  
  Input
- B.
  
  Reject
- C.
  
  Override
- D.
  
  Advance
18.

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
19.

An AF Form 616 is processed into the Integrated Accounts Payable System (IAPS) and a copy is retained to support what stage of accounting?
- A.
  
  Obligation
- B.
  
  Commitment
- C.
  
  Accrued expenditures paid
- D.
  
  Accrued expenditures unpaid
20.

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
21.

After an ABSS user selects the form type, what is the next step?
- A.
  
  Add the line items
- B.
  
  Route the document
- C.
  
  Add the line of accounting
- D.
  
  Add the administrative data
22.

What document is the most commonly used contracting document to procure supplies or services from local vendors?
- A.
  
  SF 1449
- B.
  
  SF 1034
- C.
  
  SF 1442
- D.
  
  DD Form 448-2
23.

What document is used for construction projects exceeding $100,000?
- A.
  
  SF 1449
- B.
  
  SF 1034
- C.
  
  SF 1442
- D.
  
  DD Form 448-2
24.

Who determines the category for a military interdepartmental purchase request?
- A.
  
  BCE
- B.
  
  OPLOC
- C.
  
  Requesting activity
- D.
  
  Performing activity
25.

A receiving report represents what stage of accounting?
- A.
  
  AEU
- B.
  
  AEP
- C.
  
  UOO
- D.
  
  FCOC