Shared Flashcard Set

Details

FM Block VI PE 5a
Financial Management Officer Course
9
Finance
Graduate
05/14/2013

Additional Finance Flashcards

 


 

Cards

Term
Identified by Congress through public law for specific purpose
Definition
What is a “A” Legal Limitation?
Term
AF directed limitations & represent special interest areas
Definition
What is a “B” Administrative Limitation?
Term
AF Flying Hour Limitations
Definition

What is a “OF” Operational Limitation?

Term

Readiness Sub-Activity Group (SAGs) that include

SAG 011A,011B, 011C, 011D, 011E, 011Z, 021A

Definition
What is an “R” Readiness Guide?
Term
- limitation establishing the minimum or greater than the amount required to be spent in support for a specific purpose
Definition
What is a Floor?
Term
- limitation directing that money cannot be added to or taken away from a particular area
Definition
What is a Fence?
Term
- limitation that prescribes a maximum amount that can be spent in a certain area
Definition
What is a Ceiling?
Term
- compare CRIS data to the details in the OBAD
Definition
What should be compared to validate all limitations are being met?
Term
Definition

Scenario[11] :  You are assigned as the Funds Control Analyst of BFMOC AFB and in preparation for EOY closeout, you are required to ensure that your books are balanced and adhering to the administrative controls set forth in the OBAD. 

 

Resources:  Students have been given the limitation name and details and current OBAD balance, CRIS Annual Direct, and CRIS Gross Obligation amounts for each limitation.

 

Task:  Students should compare the numbers provided to identify any administrative control issues.


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