Shared Flashcard Set

Details

FM Block VI PE 4a
Financial Managment Officer Course
4
Finance
Graduate
05/14/2013

Additional Finance Flashcards

 


 

Cards

Term
80%  of the end-of-month July direct budget authority
Definition
The fiscal year cumulative obligations should be at or more than what percent by the end-of-month July?
Term

DFAS-DE 7000.4-R - Accounting for Obligations

AFI 65-601, Vol 1 - Budget Guidance & Procedures

Definition
What directives are being violated when a unit doesn’t conform to the 20-80% limit on obligations?
Term
Bona Fide Needs Rules
Definition
What rule does the GAO interpret as the statutes to make appropriations available only to fulfill a genuine need of the period of availability for an obligation?
Term
facts & circumstances of the specific case
Definition

Determination of what constitutes a bona fide need of a fiscal year (FY) depends on what?

                                                              

 

Supporting users have an ad free experience!