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AY22 S108 (AJL) Flashcards | StudBud
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AY22 S108 (AJL)
AY22 S108 (AJL)
12 terms
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Resource Management Review
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
When do military construction (MILCON) funds expire?
After two years
After five years
After three years
After one year
2
What is the accounting system of record for the US Army?
General Fund Enterprise Business System
Standard Army Retail Supply System
Global Combat Support System-Army
USS Enterprise
3
This person has been delegated contracting authority for micro-purchases while in the field or on a deployment.
Paying Agent
Agent 007
Field Ordering Officer
GPC Cardholder
4
Which appropriation includes government civilian pay?
Operations & Maintenance
Procurement
Reserve Personnel Army
Military Personnel Army
5
Battalion executive officers focus on executing their budget in a manner that best supports their training plan.
False
True
6
What are the most important responsibilities of the S8?
Advises and education the command team on financial matters
Maintains the fiscal common operating picture
Approves/rejects purchase requests
Prepares financial reports
7
What can get you into trouble with a Government Purchase Card (GPC)?
Purchases made prior to approval from the billing official
Exceeding micro-purchase limits
Split purchases
Making contract payments IAW an approved contract
8
What day marks the beginning of Fiscal Year 2022?
1 Oct 2021
1 Jan 2022
1 Oct 2022
30 Sep 2021
9
What is a legal reservation of funds?
Obligation
Commitment
Expense
Disbursement
10
Which tenet of fiscal law aligns with the Bona Fide Need rule?
Time
Appropriation
Purpose
Amount
11
An _________ is a requirement deemed to be above and beyond the unit's original budget or funding threshold.
Anti-Deficiency Act
Urgent Need
Unauthorized Commitment
Unfunded Requirement
12
What is an interim appropriation for specific, ongoing activities in lieu of regular appropriations?
Authorization Act
Continuing Resolution
Budget Act
Anti-Deficiency Act
