FISCAL LAW Study guides, Class notes & Summaries
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Fiscal Law Training Exam With Solved Solutions 2024.
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What is the bona fide needs rule - Answer supplies or services must be intended for a genuine, "bona fide" need in the FY of appropriations being used 
 
current year money for a current year need 
 
What are the exceptions to the Bona-Fide Needs Rule - Answer Exceptions: 
Supply 
production/delivery lead time - agencies may consider a normal production/delivery lead time to determine bona fide need. Normally NTE 30 days. Agencies cannot use this exception when items are immediately avail...
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Fiscal SCMOC Final Review Exam And Answers Rated A+ 2024.
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purpose of financial management - Answer properly execute the legal and administrative responsibilities of funds 
 
Defense Finance and Accounting Service (DFAS) - Answer official accounting firm of the DOD 
 
two things needed IOT have any of the fiscal roles/responsibilities - Answer 1. appointment letter signed by CO 
2. DD577 
(also note that NAVMC 11869 DOA is part of the financial process) 
 
Comptroller - Answer special staff officer to MSC CG 
provides guidance and direction conc...
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FSD 101 Basic Fiscal Law Prep Exam And Actual Answers 2024.
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________________ funds are available for new obligations for a period of 5 years. - Answer 
 
Anti deficiency Act Principles state that you can receive services without paying for them as benefit to the government. - Answer False 
 
________________ has the ability to appropriate funds to be spent by the federal government. - Answer Congress 
 
Under the "Separation of Powers" doctrine established by the Constitution, the _____________ carries out the laws with the money Congress provid...
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Module 3_Fiscal Law Training Exam With Solved Solutions 2024.
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The established rule is that the expenditure of public funds is proper only when ________ by Congress, not that public funds may be expended unless prohibited by Congress. - Answer authorized 
 
In fiscal law, you can do only what the law authorized you to do. ______ of a law prohibiting you from doing something with your funding doesn't give you the authority to do it; it must be authorized by law in order for you to obligate funds - Answer Absence 
 
Are congressional committee reports (l...
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Fiscal Law Final Exam NEWEST 2023-2024 ACTUAL TEST 100 QUESTIONS AND CORRECT DETAILED ANSWERS
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Fiscal Law Final Exam NEWEST ACTUAL TEST 100 
QUESTIONS AND CORRECT DETAILED ANSWERS
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Fiscal Law Final Exam Questions and Answers 2024
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Fiscal Law Final Exam Questions and Answers 2024
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Fiscal Law Final Exam Questions and Answers 2024
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Fiscal Law Final Exam Questions and Answers 2024
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Fiscal Law Final Exam Questions and Answers 2024
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Fiscal Law Final Exam Questions and Answers 2024
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Fiscal Law Final Exam NEWEST 2023-2024 ACTUAL TEST 100 QUESTIONS AND CORRECT DETAILED ANSWERS
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Fiscal Law Final Exam NEWEST ACTUAL TEST 100 
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Fiscal Law Test Questions with Correct Answers
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Fiscal Law Test Questions with Correct Answers
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