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117 Cards in this Set
- Front
- Back
FOR ACCOUNTING PURPOSE, NAVAL ACTIVITIES ARE DIVIDED INTO WHAT TWO CATEGORIES? (Page 1) |
4. Shore activities and operating forces |
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THE LETTER X IN THE APPROPRIATION SYMBOL 17X1832 PROVIDES WHAT SPECIFIC INFORMATION? (Page 3)
1. Bureau or office to which the appropriation is assigned 2. Government department administering the appropriation 3. No fiscal year limitations 4. Specific purpose of the appropriation within a bureau or office |
3. No fiscal year limitations
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THE SYSTEMS COMMAND THAT ADMINISTER A NAVY APPROPRIATION IS INDICATED IN THE ACCOUNTING CODE BY WHICH OF THE FOLLOWING SETS OF DIGITS?
(Page 3) 1. The first six digits 2. First two digits of the appropriation number subhead 3. Last three digits of the fund symbol 4. First two digits of the appropriation number |
4. First two digits of the appropriation number
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WHICH OF THE FOLLOWING SYMBOLS REPRESENTS THE DEFENSE BUSINESS OPERATIONS FUND? (Page 6)
1. 17X4912 2. 17X4888 3. 17X4911 4. 1711804 |
4. 1711804
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WHAT TYPE OF FUND IS REIMBURSED IN AN AMOUNT EQUAL TO EACH EXPENDITURE? (Page 5)
1. Trust 2. General 3. Special 4. Revolving |
4. Revolving
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WHAT IS THE INVENTORY ACCOUNT TITLE FOR MATERIAL PURCHASED BY THE DEFENSE BUSINESS OPERATIONS FUND AND HELD UNTIL NEEDED BY A NAVY CUSTOMER? |
2. Navy Stock Account
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WHAT FUND IS USED TO PROCURE STOCKS OF COMMON SUPPLY ITEMS CARRIED IN THE NAVY STOCK ACCOUNT (NSA)? (Page 5)
1. Navy Industrial Fund 2. Naval Working Fund 3. Defense Working Capital Fund 4. Navy Management Fund |
2. Naval Working Fund
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WHICH OF THE FOLLOWING FUNDS IS A REVOLVING FUND USED TO FINANCE COMMERCIAL-TYPE ACTIVITES, SUCH AS A NAVAL SHIPYARD? (Page 7)
1. Naval Working Fund 2. Navy Industrial fund 3. Navy Management Fund 4. Navy Capital Fund |
2. Navy Industrial fund
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WITHIN THE NAVY, CONTROL OF THE DEFENSE WORKING CAPITAL FUND IS THE RESPONSIBILITY OF WHICH OF THE FOLLOWING INDIVIDUALS? (Page 5)
1. Chief of Naval Material 2. Chief of Nval Operations 3. Commander, Naval Supply Systems Command 4. Secretary of the Navy |
3. Commander, Naval Supply Systems Command
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THE NAVY IS INVOLVED IN IMPROVING A RUNWAY OF A BRITISH AIRFIELD. THE COST OF LABOR AND MATERIAL WILL PROBABLY BE INITIALLY CHARGED TO WHAT FUND? |
3. Naval Working |
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A SPECIAL SHORT-TIME PROGRAM FINANCED BY SEVERAL BUREAU APPROPRIATIONS SHOULD BE FINANCED BY WHICH OF THE FOLLOWING FUNDS? (Page 8)
1. Naval Working Fund 2. Navy Management Fund 3. Navy Stock Fund 4. Special Project Fund |
2. Navy Management Fund
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WHAT FUNDS ARE CREDITED FOR MONEY SPENT BY NAVY MEMBERS PROCURING ITEMS FROM THE SHIP'S STORE OF A NAVAL VESSEL? (Page 8) |
3. Ship's Store Profits Fund and Naval Working Fund |
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THE NAVY SHIP'S STORE PROFITS FUND IS WHAT TYPE OF FUND? (Page 8)
1. Trust 2. Deposit 3. Revolving 4. Management |
1. Trust |
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OBJECT CLASS CODES ARE USED IN WHAT TYPE OF TRANSACTIONS? (Page 3)
1. All OPTAR transactions 2. All transactions that do not affect the international balance of payments 3. Only OPTAR transactions which affect the international balance of payments 4. Only transactions other than OPTAR transaction |
3. Only OPTAR transactions which affect the international balance of payments
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WHICH OF THE FOLLOWING OPERATING BUDGET NUMBERS WILL BE SHOWN ON AN INVOICE FOR FUEL TRANSFERRED FROM A FLEET OILER TO A DESTROYER IN THE PACIFIC? (Page 4)
1. 00004 2. 57070F 3. 00070F 4. 00070 |
4. 00070
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WHAT PREVIOUSLY ASSIGNED CODE IS ALWAYS USED AS THE OPERATING BUDGET NUMBER? (Page 4)
1. Unit identification code 2. Budget suffix code 3. Operating budget grant code 4. Service designator code |
1. Unit identification code
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CINCPACFT OPERATING BUDGETS FOR SHIP REPAIR AND FOR FUEL ARE IDENTIFIED BY BUDGET SUFFIX CODES R AND F. (Page 4) |
1.True
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FOR AVIATION FUNDS ACCOUNTING PURPOSES, SQUADRONS ARE REFERRED TO AS (Page 8)
1. field activities 2. major claimants 3. aviation operating forces 4. accounting and disbursing centers |
3. aviation operating forces
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IN WHICH OF THE FOLLOWING OPTAR TRANSACTIONS SHOULD AN OBJECT CLASS CODE BE INDICATED ON EACH DOCUMENT? (Page 3) |
2. When the transaction affected the international balance of payments
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THE BUDGETED AMOUNT WITHIN AN OPERATING BUDGET APPROVED IN A FIXED AMOUNT FOR INCURRING OBLIGATING OR UNFILLED ORDERS IS CALLED A/AN
(Page 9) 1. obligation authority 2. expense limitation 3. unfilled order 4. work unit |
1. obligation authority
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CINCPACFT RECEIVES TWO OPERATING BUDGETS, WHICH OF THE FOLLOWING CODES IS USED TO IDENTIFY EACH BUDGET? (Page 4)
1. A budget suffix code assigned by the CNO 2. A budget suffix code assigned by CINCPACFLT 3. Either 1 or 2 above 4. A budget suffix code assigned by COMNAVSURPAC |
2. A budget suffix code assigned by CINCPACFLT
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The cost code shown on a requisition consists of which of the following elements? (Page 5)
1. Two zeros, unit identification code, and appropriation 2. Two zeros, Julian date, unit identification code and fund code 3. Two zeros, fund code, and appropriator 4. Two zeros, Julian date,serial number, and fund code. |
4. Two zeros, Julian date, serial number, and fund code
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WHAT PROGRAM PROVIDES THE RESPONSIBLE COMMANDERS WITH A BUDGET THAT INCLUDES ALL COSTS INCURRED INSTEAD OF ALLLOTMENTS TO COVER ONLY LIMITED PORTIONS OF THOSE COSTS? (Page 9) |
4. RMS
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OF THE 4 SUBSYSTEMS THAT MAKE UP THE RMS, AN LS WOULD BE MOST CONCERNED WITH WHICH ONE?
(Page 10) 1. Programming and budgeting 2. Management of resources for operating units 3. Management of inventory and similar assets 4. Management of acquisition, use, and disposition of capital assets |
2. Management of resources for operating units
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UNDER THE RMS MANAGEMENT PROCEDURES WHICH OF THE FOLLOWING STEPS SHOULD YOU DO FIRST?
(Page 10) 1. Budgeting 2. Reporting 3. Planning 4. Accounting |
3. Planning
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THE DEVELOPMENT OF RESOURCE REQUIREMENTS, ADMINISTRATION OF AVAILABLE FUNDS AND CONTINUOUS ANALYSIS OF THE STATUS OF OPTARS ISSUED IS THE RESPONSIBILITY OF WHAT COMMAND OR OFFICER? (Page 11)
1. TYCOM 2. DFAS 3. CNO 4. NAVICP |
1. TYCOM
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AMPHIBIOUS ASSAULT SHIPS ARE NOT AUTHORIZED TO CARRY NSA MATERIAL AS INVENTORY. (Page 12)
1. True 2. False |
2. False
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WHEN SUADPS-RT ACTIVITIES REQUISITION MATERIAL FOR STOCK OR DTO THEY USE NSF MONEY BY CITING WHAT FUND CODE ON THE EXTERNAL REQUISITION?
(Page 12) 1. 26 2. Y6 3. SAC 203 4. SAC 207 |
4. SAC 207
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FUND CODES AND ACCOUNTING CLASSIFICATIONS FOR USE BY OPERATING FORCES ARE CONTAINED IN WHAT APPENDIX OF NAVSO P-3013? (Page 17)
1. I 2. II 3. III 4. IV |
2. II
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What form is used to record OPTAR grants? (Page 17)
1. NAVCOMPT 2155 2. NAVCOMPT 2156 3. NAVCOMPT 2157 4. NAVCOMPT 2206 |
1. NAVCOMPT 2155 |
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UNDERWAY REPLENISHMENT REQUISITIONS SHOULD BE MAINTANED IN WHAT OPTAR HOLDING FILE? (Page 17)
1. File 1 2. File 2 3. File 3 4. File 4 |
1. File 1
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OPTAR HOLDERS OPERATING UNDER SUADPS PROCEDURES SHOULD SUBMIT AN OPTAR DOCUMENT TRANSMITTAL REPORT TO THE DFAS FOR CURRENT FISCAL YEAR OPTARs ON WHAT DAY(S) OF THE MONTH?
(Page 18) 1. 1st of each month only 2. 1st and 15th of each month 3. Last day of each month only 4. 15th and last day of each month |
3. Last day of each month only
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A message Budget/OPTAR Report NAVCOMPT FORM 2157, is submitted to the DFAS no later than what day of the month following the end of the month being reported? (Page 18)
1. 1st 2. 2nd 3. 15th 4. Last |
2. 2nd
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WHAT PROCESS RESULTS IN THE PRODUCTION OF LISTINGS THAT PROVIDE A REPORT OF TRANSACTIONS AFFECTING THE OPTAR HOLDERS FUNDS? (Page 18)
1. Transmittal 2. Summary 3. Reconciliation 4. Requisition |
3. Reconciliation
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THE UNMATCHED EXPENDITURE LISTING ARE RECEIVED HOW OFTEN? (Page 19)
1. as required 2. Weekly 3. Monthly 4. Quarterly |
4. Quarterly
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WHAT LISTING IS RETAINED BY THE DFAS FOR BACK UP PURPOSES ONLY? (Page 19)
1. Unmatched Expenditures 2. Detail Filled Order/Expenditure 3. Summary Filled Order/Expenditure 4. Aged Unfilled Order |
2. Detail Filled Order/Expenditure
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DIFFERENCES OF WHAT MINIMUM AMOUNT ARE MANUALLY RESEARCHED BY THE DFAS BEFORE BEING REPORTED TO THE OPTAR HOLDER? (Page 4)
1. $500 2. $1,000 3. $2,000 4. $3,000 |
4. $3000.00
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UNFILLED ORDERS THAT HAVE NOT MATCHED WILL APPEAR ON THE UOL AFTER WHAT MINIMUM NUMBERS OF DAYS? (Page 19)
1. 30 DAYS 2. 60 DAYS 3. 120 DAYS 4. 180 DAYS |
3. 120 DAYS
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Who authorizes an appropriation to incur obligations? (Page 1)
1. Congress 2. Secretary of the Navy 3. Secretary of the Treasury 4. President of the United States |
1. Congress
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Most appropriation used to finance the normal operating costs of the Navy are for what period of time?
(Page 2) 1. A month 2. A quarter 3. Six months 4. A year |
4. A year |
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The fiscal year covers what specific period of time?
(Page 2) 1. 1 July to 30 June 2. 1 October to 30 September 3. 1 January to 31 December 4. 1 April to 31 March |
2. 1 October to 30 September
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What type of work is supported by a continuing appropriation? (Page 2)
1. Maintenance of buildings 2. Repair of office equipment 3. Preventive maintenance on vehicles 4. Construction of a supply building |
4. Construction of a supply building
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Appropriations are placed in what order as to their status? (Page 2)
1. Current, lapsed, expired 2. Current, expired, lapsed 3. Lapsed, current, expired 4. Expired, lapsed, current |
2. Current, expired, lapsed
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At the end of their availability period, the unliquidated obligations of annual and/or multiple-year appropriations are transferred to which of the following government agencies? (Page 2)
1. Treasury 2. Defense 3. Navy 4. Civil Defense |
1. Treasury
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The third digit in the appropriation symbol on an accounting document covering charges and credits to funds provides which of the following items of information? (Page 3)
1. Type of fund 2. Fiscal year 3. Particular fund 4. Department administering the fund |
2. Fiscal year |
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The first two digits of symbol 17X4911 indicate that the appropriation is administered by which of the following agencies? (Page 3)
1. Defense Department 2. Comptroller of the United States 3. Bureau of Naval Personnel 4. Navy Department |
4. Navy Department
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All except which of the following transactions would cause a charge against the Defense Business Operations Fund? (Page 6) |
4. Cash sales from the NSA to foreign governments
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Which of the following funds is a revolving fund used to finance commercial-type activities, such as a naval shipyard? (Page 7) |
2. Navy Industrial Fund
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In connection with operating force OPTAR accounting, the authorized accounting activity is the unit identification code of the appropriate DAFS. (Page 4)
1. True 2. FAlse |
1. True
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Unit identification numbers are assigned by which of the following individuals? (Page 4) |
3. Comptroller of the Navy
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Responsibility for assigning accurate unit identification code on requisitions rests with which of the following organizations? (Page 4)
1. Navy Finance Center 2. Naval Supply Center 3. Preparing activity 4. Shipping activity |
3. Preparing activity
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Appropriated funds are made available at the operating level in what form(s)? (Page 4)
1. Appropriations or warrants 2. Appropriation or allotments 3. Operating budgets 4. Allotments or suballotments |
3. Operating budgets
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The position of resource manager can only be held by a military person. (Page 8)
1. True 2. False |
2. False
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Which of the following commands or activities are NOT included in ship operating forces? (Page 9)
1. Active fleet ships 2. All shore activities 3. Amphibious battalions 4. Staff and commands |
2. All shore activities
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Unfilled order chargeable documents are assembled and forwarded to what official or activity by the OPTAR holder? (Page 9) |
3. DFAS
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To determine how OPTARs are to be administered and reported, you should refer to what publication? (Page 11)
1. OPNAVINST 4790.2 2. NAVSO P-3013.2 3. NAVCOMPT Manual, volume 5 4. NAVSUP P-485 |
2. NAVSO P-3013.2
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The Navy Working Capital Fund (NWCF) is reimbursed when material is requisitioned for use by charging the customer's (Page 11) |
4. OPTAR
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The responsibility for formal accounting by the Navy Operating Forces is to be placed ashore. (Page 12) |
1. True
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All but which of the following SUADPS-RT activities receive supplies and equipage (S&E) OPTAR grants to cover the operation and maintenance of the activity? |
4. Marine air groups
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Under OPTAR accounting procedures, what dollar value currently is considered the threshold amount? (Page 15)
1. $25 2. $50 3. $100 4. $150 |
3. $100 |
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What type of OPTAR, if any, is exempt from threshold concept? (Page 15)
1. AOM 2. Reimbursable 3. Nonreimbursable 4. None |
4. None
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Which of the following codes is NOT considered as one of the nine data fields of a complete line of accounting data? (Page 16)
1. UIC 2. County 3. Subhead 4. Object class |
2. County
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Free issue material should not be entered in the requisition OPTAR log. (Page 17)
1. True 2. False |
2. False
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All differences shown on the SFOEDL are listed by what code? (Page 16)
1. Rejection 2. Transaction type 3. Fund 4. Cost |
3. Fund
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The Unmatched Expenditure Listing itemizes expenditure documents that exceed $100 in value. |
2. False
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What is an account of how much money has been spent, how much is obligated, and how much is available under each appropriation or subdivision (e.g., operating budget)? (8-1) |
Appropriation Accounting |
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What is an account through with the Navy can accumulate all costs according to activity or unit, purpose, and type of expenditure? (8-1) |
Cost Accounting |
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What is an account used to maintain records of material and supplies on hand? (8-1) |
Inventory (Stores) Accounting |
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What is an account used to maintain records of all Navy-owned or Navy-controlled real property and equipment of a capital nature ashore? (8-1) |
Plant Property Accounting |
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What is an account used to maintain records of payments to civilian and military personnel of the Navy? (8-1) |
Payroll Accounting |
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The Navy expends money from one of what two major classifications? (8-1) |
Appropriations or Funds |
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What is an authorization by an Act of Congress to incur obligations for a specified time and purpose and to make payments out of the Treasury? (8-1) |
Appropriaiton |
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The accounting period of the Navy is the what? (8-2) |
Fiscal Year |
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How many types of appropriations may be in the Navy, depending upon the purpose fro which they are issued? (8-2) |
Three |
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What generally cover the current operating and maintenance expenses of the Navy? (8-2) |
Annual appropriations |
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What occurs when an order is placed by an afloat unit or material is issued to an ashore activity , or similar transactions during a given period that requires future payments? (8-2) |
Obligation |
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What is an appropriation that is available for incurring obligations during the current fiscal year? (8-2) |
Current appropriation |
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What is an appropriation that is no longer available for incurring obligations? (8-2) |
Expired appropriation |
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What is the undisbursed balance of an appropriation and is no longer available for disbursement by the department? (8-2) |
Lapsed appropriation |
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What consists of a seven-digit number identifying the government agency responsible for administering the appropriation, the fiscal year, and the specific appropriation? (8-3) |
Appropriation symbol |
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Who has fiscal responsibility for the appropriation 1751804 for operation and maintenance of Navy focus? (8-4) |
CNO |
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What is the UIC of the activity that performs the accounting for an operating budget/fund? (8-4) |
Authorization Accounting Activity (AAA) |
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All UIC's currently assigned are listed in what? (8-4) |
NAVCOMPT Manual, Volume 2 |
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The cost code consists of how many characters and may be alphabetic, numeric, or both? (8-4) |
12 |
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Funds fill a very important need in financing the day to day operations of the Navy? What are the two extensively used types of funds? (8-5) |
Revolving and trust |
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What is a fund established to finance a cycle of operations? (8-5) |
Revolving fund |
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What is the one fund that you will be most concerned with? (8-5) |
Navy Working Capital Fund |
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The total value of the NWCF is reviewed how often by Congress and adjusted to meet current requirements? (8-5) |
Annually |
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What is an inventory account and an integral part of the NWCF serving as a holding account for NWCF procured supplies before their sale? (8-6) |
Navy Stock Account (NSA) |
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What is a revolving fund used to finance industrial commercial-type activities? (8-7) |
Navy Industrial Fund |
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What provides a single permanent revolving fund for financing all work not chargeable to a current naval appropriation? (8-7) |
Naval Working Fund |
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What fund is used for the economical and efficient completion of Navy operations, which are financed by two or more appropriations? (8-8) |
Navy Management Fund |
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What is a fund held in trust by the Navy for use as specified in a special agreement or Act of Congress? (8-8) |
Trust Fund |
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What is a series of systems designed to promote better management procedures throughout the Department of Defense (DoD) by providing managers with improved methods of obtaining and controlling resources required to accomplish the assigned missions? (8-8) |
Resource Management System (RMS) |
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What is the method used where operating costs are accounted for in the fiscal (accounting) period during which the costs of resources consume or applied are received? (8-8) |
Accrual Accounting |
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What are codes established by DoD to classify expenses for cost accounting and reporting purposes? (8-9) |
Expense element codes |
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What is the financial authority issued by a major claimant or sub claimant to an international level of command? (8-9) |
Expense limitation |
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What is an authorization of funds subject to administrative control issued to a level below the responsibility center? (8-9) |
Operating Target (OPTAR) |
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What is an administrative money ceiling established by the fleet commander? (8-9) |
Threshold |
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What for accounting purposes, is a general term used to describe a request document for material or services that has been entered in the OPTAR log? (8-9) |
Unfilled order |
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What is an unit of measurement, such as documents processed, tonnage moved, students trained, or gallons processed? (8-9) |
Work unit |
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How many interrelated subsystems make up the RMS to meet the objectives of the DoD? (8-10) |
Four |
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What in DoD is concerned with developing long and midrange strategy and operational concepts, objectives, and requirements based on continuously projected appraisals of the world situation and on technological and intelligence forecast? (8-10) |
Planning |
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What is concerned with setting specific 5-year defense goals and the schedule for achieving them, grouping functions and activities sharing the same objectives into major programs, and estimating resource requirements for each? (8-10) |
Programming |
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What is the function of formulating 1-year projections of resource requirements for programs, balancing priorities in the competition for limited resources, and obtaining associated funds? (8-10) |
Budgeting |
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What is the function of measuring the results of performance (progress and status of programs), usually in financial terms, both for functional areas and organizational units? (8-10) |
Accounting |
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What is concerned with transmitting financial and nonfinancial information on the status and progress of programs to appropriate management levels? (8-11) |
Reporting |
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What is the function of reviewing the accuracy of recorded and reported results, and judging both the adequacy of established policies and procedures and the activity's compliance with them? (8-11) |
Auditing |
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For accountability, material procured with Navy Stock Account (NSA) money is classified as NSA material, and the activities that stock this material are called what? (8-12) |
NSA activities |
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It is a policy of whom that the accounting effort performed by Navy Operating Forces is kept to the absolute minimum? (8-12) |
Secretary of the Navy |
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What performs the official accounting and reporting for OPTARs issued by the TYCOM? (8-13) |
Defense Finance Accounting Service (DFAS) |
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What term is defined as an estimate of the amount of money that will be required by an operating ship, staff, squadron, or other unit to perform assigned tasks and functions? (8-14) |
Operating Target (OPTAR) |
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Each year Congress enacts what appropriation that authorizes the Navy to buy needed material and services? (8-14) |
O&MN |
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Each activity establishes what to record OPTAR grants and the value of transactions authorized to be incurred as chargeable to the TYCOM operating budget? (8-17) |
Requisition/OPTAR Log, NAVCOMPT Form 2155 |
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What are established by fiscal year for each OPTAR received to hold the appropriate accounting documents and listings pending transmittal to the DFAS? (8-17) |
OPTAR holding files |
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What is forwarded monthly by the DFAS to individual OPTAR holders for each OPTAR held and is a report of all filled orders with a difference of $100 or more? (8-19) |
Summary Filled Order/Expenditure Difference Listing (SFOEDL) |
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An Unmatched Expenditure Listing (original and one copy) is forwarded how often, when applicable, but the DFAS to the individual OPTAR holders? (8-19) |
Quarterly |