Supply Chain Management Officer Course (SCMOC) Fiscal Part 1 Practice Test

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• In budget classification, which item would be categorized as personnel costs?
• In budgeting for procurement, what is the correct flow of funds from appropriation to final payment?
• In both SABRS and the Procurement Cycle, which action corresponds to the Expense step?
• In SABRS, what describes the Obligation step?
• Pending files include source documents that have not yet been entered into the accounting system. True or false?
• Which statement correctly differentiates a commitment and an obligation?
• Which item is included in the initial draft of the budget packet?
• Special funds in government accounting are characterized by which of the following?
• Which items are included in the Error Report?
• Which statement best describes the processing order for commitments, obligations, and expenses?
• What are the five major steps of the DoD fiscal management lifecycle?
• Which duties are performed by the Fiscal/Budget and Accounting Officer?
• Which statement correctly contrasts obligation and disbursement?
• Which term best describes the payment category used for certain invoices in absence of other options?
• Green dollars refer to which type of money?
• How do you correct a misclassification of an expense in the ledger?
• What influence does program objective memorandum (POM) have on the DoD budget?
• What does unfunded deficiency refer to in budget formulation?
• The Certifying Officer attests to the correctness of statements, facts, accounts, and amounts and certifies and forwards payment vouchers to disbursing. Which is the correct description?
• What best describes the purpose of the DoD fiscal management lifecycle steps?
• Which statement describes reprogramming in budget execution?
• Which statement correctly identifies who issues the operating budget?
• How does an 'obligation by contract' appear in the ledger?
• In budget classification, which statement correctly describes personnel costs versus materials?
• Which type of appropriation funds day-to-day operations?
• Explain the Antideficiency Act and its practical impact on SCMOC operations.
• ServMart is described as which of the following?
• Who often delegates the administration of fund responsibilities within the command?
• What is the role of accountable funds management in SCMOC?
• Which item is funded by Operations and Maintenance Marine Corps 1106?
• Which organization provides templates of submission documents for budget calls?
• Which statement about the Mid-Year Review is NOT accurate?
• What is the final step in the SABRS transaction cycle?
• What term describes the difference between budgeted and actual funds?
• Posted files consist of three sub-files. Which is one of them?
• Which platform is used to obtain uniform items and other items from DLA?
• Source document files serve what primary purposes in SABRS?
• Which web-based procurement platform is used to procure supplies and can provide uniform items as well as Class I items from DLA?
• Distinguish mandatory and discretionary funding with an example.
• What is the purpose of independent reconciliations in fund management?
• Status of funds is a report that can be retrieved from SABRS and SMARTS and shows:
• A characteristic requirement for non-severable contracts is that they must be funded
• Which item is the unit-level government version of a credit card used for micro-purchases?
• SABRS stands for the full phrase:
• Wildlife conservation programs are established in accordance with instructions issued by which authority?
• Why is contract closeout important for fiscal accountability?
• If an invoice is from a contractual procurement action, would Misc Payment be the correct method?
• A budget is defined as which of the following?
• Documents are filed in doc # sequence. True or false?
• Which term refers to agreements between the U.S. Marine Corps and civilian businesses?
• In what scenario would an invoice be charged under Misc Payment?
• What is the main feature of the Job Order Number (JON)/Cost JON?
• From a financial perspective, what is the key difference between fixed-price and cost-reimbursement contracts?
• What is the purpose of fund reprogramming in DoD operations?
• Where are account transactions recorded by the Supply Resource Manager?
• Which of the following is a principle of fiscal law?
• Official Representation Funds are intended to support
• What does fund symbols identify in DoD accounting?
• What are the key indicators of a healthy SCMOC fiscal posture?
• Who is responsible for the administration of all authorizations of funds formally granted through a budget, with the ability to delegate?
• How are audit trails maintained in SCMOC fiscal processes?
• Which statement about revisions of allotments is accurate?
• Internal Budget Execution Reports (IBER) serve what purpose?
• Budget formulation is typically conducted
• In the SABRS transaction cycle, which step follows Commitment?
• An appropriation is:
• Non-Appropriated Funds are funds which:
• Why is fund availability critical before obligating?
• Which option best captures the nature of Misc Payment in context?
• What do financial codes reflect?
• Which of the following best describes the flow of funds?
• Which statement best characterizes a non-severable contract?
• The phrase 'invoices resulting from non-contractual procurement actions' means the invoices arise from what kind of actions?
• Which function is attributed to financial codes?
• An operating budget/sub-operating budget is described as:
• The Combatant Commanders Initiative Fund is intended to provide funding for
• In the financial chain of command, which is the fifth level?
• Which statement is true about cash flow within DoD fiscal operations?
• KPI reports are retrieved from which system?
• Which role provides financial guidance to the commander and ensures proper use of appropriations by purpose, time, and amount?
• Which of the following is a function of the JON/Cost JON?
• Which procurement tool is used for on-base fuel purchases processed through SABRS utilizing EEBP?
• Object class codes in government accounting serve what purpose?
• What is the difference between an obligation and a disbursement?
• What is the purpose of financial management?
• In fixed-price contracts, who bears more risk and why?
• What is deobligation and when would you use it?
• If an asset cost is capitalized, how is it recorded on financial statements?
• Which inventory valuation method involves standard costs with periodic adjustments?
• Which method is used to procure supplies and services from DOD components outside of the Department of the Navy?
• Negative Unliquidated Orders (NULO's) occur when which condition holds?
• Which type of procurement action yields invoices eligible for Misc Payment?
• What are the three main categories of source document files?
• True or False: Misc Payment should be used if another payment method is available.
• What is the purpose of SF 133 or equivalent in DoD?
• What is the role of internal controls in fiscal operations?
• Two recommended steps to avoid Unauthorized Commitments are
• In the Procurement Cycle, which step involves the supply validating the request?
• How are indirect costs allocated to DoD programs?
• The Navy Working Capital Fund Supply Management function is to:
• What is the primary purpose of audit trails in SCMOC fiscal processes?
• Unauthorized Commitments (UAC) are defined as
• Which item is included as material provided to the CO during budget formulation?
• Who is described as a special staff officer to the MSC CG, providing guidance on financial matters and maintaining budget plans and program schedules?
• Which actions may resolve a funding variance?
• GSA Advantage and Global Supply is the platform for what?
• Purple dollars are best described as:
• Which appropriation provides resources to assure accomplishment of the Marine Corps Reserve mission to augment and reinforce the active component?
• A BEA/BESA report shows the status of funds for BEA/BESA including which information?
• SABRS stands for which of the following?
• What is closeout in fiscal sense?
• Blue dollars cover which programs?
• What is an allotment?
• Which criterion is part of the necessary expense test?
• A bona fide need is defined as which of the following?
• Which two items are required to hold any fiscal roles or responsibilities?
• GCSS-MC serves as which of the following in Marine Corps procurement?
• Which procurement tool is used for commercial fuel purchases processed as MILSTRIP transactions?
• What does 'executed obligations' refer to?
• What is the role of the DoD Financial Management System in the procurement cycle?
• What does the impact statement in the Mid-Year Review identify?
• Which issue do Key Performance Indicator (KPI) Reports identify in SABRS?
• Which is NOT a category of maintained source document files?
• Which activity occurs in the 2nd quarter of the fiscal year significant events?
• Which platform is the federal web-based procurement platform authorized for procurement of supplies and also provides FEDLOG information?
• Abnormal Accounts Payable are characterized by which relationship?
• Which statement correctly describes non-severable contracts?
• What are cost accounting standards and why do they matter for contracts?
• Which description best defines an accountable officer?
• Which tool generates purchase requests and transmits associated funding data into SABRS, serving as the system to submit and approve purchase requests and determine sourcing?
• Which of the following best describes the limitation for using Misc Payment?
• Which statement best describes when Misc Payment is appropriate?
• In budget management, which describes the obligation?
• What does the Expense step signify in SABRS?
• SF 133 (or equivalent) is used to report what aspect of budget execution?
• The Supply AIS Administrator maintains control of access to financial systems and handles access requests. Which role is this?
• TAD is used for which purpose in this context?
• SMARTS stands for which of the following?
• What is a standard cost and how is it used in budgeting?
• Which activity is part of fiscal closeout?
• Which instrument is intended for micro-purchases at the unit level?
• Which internal control practices help prevent misclassification of funds?
• What does the Daily Transaction Report (DTR) reflect?
• Which flow-of-funds question correctly identifies the top level in the flow of funds?
• The Supply Resource Manager executes the budget in accordance with the financial plan, maintains fiscal records and source documents, reconciles NULO's, UMD's, ULO's, and OTO's, and records account transactions in SABRS. Which choice best describes this role?
• If a UAC occurs, what should be done first?
• Which statement best describes an Unliquidated Obligation (ULO)?
• In budget formulation, what is step two?
• Wildlife Conservation of Military Reservations funds are derived from which source?
• Which statement best describes inventory valuation and the common DoD method?
• Object class codes are used to categorize expenditures into what kinds?
• What is the role of DFAS in DoD funding and payment?
• In government accounting, what does liquidation mean in the context of an obligating action?
• Official Representation Funds are best described as
• Who issues apportionments, in coordination with whom?
• Which item in the initial draft budget packet outlines when funds will be obligated?
• SMARTS stands for the full phrase:
• Which statement best describes a severable contract?
• Which statement correctly differentiates general funds from special funds?
• MILCON is defined as:
• How do you handle expiring funds?
• What is expenditure vs accrual reconciliation?
• Which step directly follows apportionment in the DoD fiscal lifecycle?
• Procurement of Ammunition, Navy and Marine Corps 1508 funds ammunition for training and operations. Which agency administers this appropriation?
• Procurement of major items such as tanks and missiles is funded by which Marine Corps appropriation?
• How is price reasonableness determined in DoD contracting?
• What is a Status of Forces Agreement (SOFA)?
• Abnormal Accounts Payable value indicates which condition?
• What is the significance of economic order quantity in procurement planning?
• Which appropriation provides funds for the pay and allowances of active duty Marines?
• Which dates correspond to TAR periods?
• GSA Advantage and Global Supply is which type of purchasing channel?
• Procurement, Marine Corps 1109 funds which of the following?
• What is the standard fiscal year period?
• The Acquisition and Cross-Servicing Agreement (ACSA) is best described as
• In budget execution, undelivered orders indicate goods or services that are:
• What is accounts payable in DoD procurement?
• The condition 'non-contractual procurement actions' refers to procurement actions that are not governed by existing contracts. True or False?
• How often is fiscal training required?
• Why are disbursement timelines important in DoD fiscal operations?
• Which statement about Internal Budget Execution Reports (IBER) is correct?
• Which appropriation funds Marine Corps Reserve units?
• Which of the following is a major fiscal limitation?
• Which term represents a reimbursable interagency work order?
• Which agency administers the Ammunition Procurement 1508 appropriation?
• What does the measure of performance/effectiveness in the Mid-Year Review quantify?
• Acquisition and Cross-Servicing Agreement (ACSA) provides what?
• Which funding type is annual and subject to yearly appropriation?
• Which statement describes the key limitation of Misc Payment?
• Which statement about the Antideficiency Act is true?
• Which procedure allows procurement of supplies and services outside the DON from DOD components?
• For non-severable contracts, charges are typically applied to
• Who prioritizes and justifies requirements in budget formulation?
• What is the definition of accountability?
• What question does the Bona Fide Needs rule ask?
• The phrase 'where no other method of payment is available or authorized' implies what about authorization?
• How many digits are in the JON/Cost JON code?
• How is risk managed in SCMOC fiscal operations?
• How does DoD ensure ethical conduct in fiscal operations?
• The NAVMC 11869 DOA is mentioned as part of the financial process. Which statement is accurate?
• Which term best describes the official accounting system used by the USMC?
• Documentation standards for fiscal transactions?
• Outstanding Travel Orders (OTO) are defined as travel orders that are what?
• The phrase 'no other method of payment is available or authorized' implies what about the payment process?
• Unmatched Disbursements (UMD's) occur when?
• The Defense Finance and Accounting Service (DFAS) is the official accounting firm of which department?
• What is an allotment and how does it relate to apportionment?
• How do Work Breakdown Structure or program elements relate to fiscal coding?
• Which best describes the Mid-Year Review?
• Which documents are reconciled by the Supply Resource Manager?
• What is the Tri-Annual Review (DARQ) primarily used for?
• Which of the following best describes how a funding variance is resolved?
• What is apportionment and who issues it?
• What is the purpose of Misc Payment in the given context?
• In the Procurement Cycle, what occurs at the Commitment/Obligation step?
• How do fund symbols function in DoD accounting?
• Which statement differentiates cash receipts and cash disbursements?
• In asset management, what is the difference between capitalization and expense?
• Which item is a KSD category?
• Which description best defines a clean audit trail?
• Which of the following is NOT a stated purpose of the Tri-Annual Review?
• What are the two most critical pieces of the Mid-Year Review?
• In the context, Misc Payment is an option for invoices that result from non-contractual procurement actions. True or False?