NAVEDTRA 15004B, LOGISTICS SPECIALIST TRAINING MANUAL CHAPTER 8

Question 1

Which type of accounting is an account of how much money has been spent, how much is obligated and how much is available under each appropriation or subdivision?

Answer 1

Appropriation

Question 2

Which type of accounting is an account through which the Navy can accumulate all costs according to activity or unit, purpose and type of expenditure?

Answer 2

Cost

Question 3

Which type of accounting is an account used to maintain records of material and supplies on hand?

Answer 3

Inventory (stores)

Question 4

Which type of accounting is an account used to maintain records of all Navy-owned or Navy-controlled real property and equipment of a capital nature ashore?

Answer 4

Plant property

Question 5

The Navy expends money from one of what two major classifications?

Answer 5

Appropriations or funds

Question 6

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?

Answer 6

Appropriation

Question 7

What is the accounting period of the Navy?

Answer 7

Fiscal year

Question 8

How many types of appropriations may be used in the Navy, depending upon the purpose for which they are issued?

Answer 8

Three

Question 9

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?

Answer 9

Obligation

Question 10

After the end of the fiscal year, the Navy must return any unobligated balance to the Treasury. Obligated funds remain available for how many additional years?

Answer 10

2

Question 11

What is an appropriation without restriction to a freed period called?

Answer 11

Continuing appropriation

Question 12

Which type of appropriations are generally made for purposes that require long lead-time of planning and execution such as procurement of Aircraft and Missiles, Navy and Shipbuilding and Conversion Navy?

Answer 12

Multiple-year

Question 13

What is the undisbursed balance of an appropriation known as?

Answer 13

Lapsed appropriation

Question 14

All appropriations assigned to the Navy are identified by “what” which is shown as the first two digits of the appropriation symbol?

Answer 14

17

Question 15

Object class codes are how many characters long and are used only in OPTAR transactions that affect the international balance of payments?

Answer 15

Three

Question 16

Who has fiscal responsibility for the appropriation 1751804 for operation and maintenance of Navy forces?

Answer 16

CNO

Question 17

What is the Unit Identification Code (UIC) of the activity that performs the accounting for an operating budget/fund?

Answer 17

Authorization Accounting Activity (AAA)

Question 18

What are all UICs currently assigned listed in?

Answer 18

NAVCOMPT Manual, Volume 2, Chapter 5

Question 19

The cost code consists of how many characters and may be alphabetic, numeric, or both?

Answer 19

12

Question 20

What is the most common code structure used by afloat units in requisitions for material and services?

Answer 20

Cost code

Question 21

Funds fill a very important need in financing the day-to-day operations of the Navy. What are the two types of funds that are extensively used?

Answer 21

Revolving and trust

Question 22

Which type of fund is a fund established to finance a cycle of operations?

Answer 22

Revolving

Question 23

What provides the necessary capital to finance the purchase and maintenance of stocks of common supply items required by the Navy?

Answer 23

NWCF

Question 24

Basic capital for the NWCF is made available from what?

Answer 24

Congress

Question 25

The NWCF is reimbursed for supplies when they are issued or sold. While these supplies are waiting to be sold, they are in the what?

Answer 25

NSA

Question 26

What serves as the “holding account” for NWCF procured supplies before their sale?

Answer 26

NSA

Question 27

What is a revolving fund used to finance industrial commercial-type activities?

Answer 27

Navy Industrial Fund (NIF)

Question 28

What provides a single permanent revolving fund for financing all work not chargeable to a current naval appropriation?

Answer 28

Naval Working Fund (NWF)

Question 29

Which fund is used for the economical and efficient completion of Navy operations, which are financed by two or more appropriations? (

Answer 29

Navy Management Fund (NMF)

Question 30

What is a fund held in trust by the Navy for use as specified in a special agreement or Act of Congress?

Answer 30

Trust fund

Question 31

What is a trust fund for providing recreation and entertainment for enlisted personnel?

Answer 31

SSPN

Question 32

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?

Answer 32

Resource Management System (RMS)

Question 33

Who is any individual, either military or civilian, who is accountable and responsible for carrying out a significant mission or function and who makes decisions that will have a significant effect on the resources used?

Answer 33

Resource manager

Question 34

Which accounting method is used where operating costs are accounted for in the fiscal (accounting) period during which the costs of resources consumed or applied are received?

Answer 34

Accrual

Question 35

What is the financial authority issued by a major claimant or sub-claimant to an intermediate level of command?

Answer 35

Expense limitation

Question 36

Major claimants receive operating budgets directly from whom?

Answer 36

Chief of Naval Operations (CNO)

Question 37

What is the budgeted amount within an operating budget approved in a fixed amount for incurring obligations or unfilled orders?

Answer 37

Obligation authority

Question 38

What is an administrative money ceiling established by the fleet commander?

Answer 38

Threshold

Question 39

Which term is used to provide quantitative information of the physical output applicable to a subdivision in the operating budget?

Answer 39

Work unit

Question 40

How many interrelated subsystems make up the RMS to meet the objectives of the DoD?

Answer 40

Four

Question 41

When SUADPS-RT activities requisition material for stock or direct turnover (DTO), they use NWCF money by citing what fund code on the external requisition?

Answer 41

SAC 207

Question 42

What performs the official accounting and reporting for OPTARs issued by the TYCOM?

Answer 42

DFAS

Question 43

What 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?

Answer 43

OPTAR

Question 44

Each ship, aviation squadron, or command issued an OPTAR is responsible for the efficient and effective use including accurate and timely accounting and reporting according to procedures outlined in what publication?

Answer 44

NAVSO P-3013

Question 45

What performs the official accounting for OPTARs granted to ships, aviation squadrons and other commands, as assigned?

Answer 45

DFAS NORFOLK

Question 46

The Summary Filled Order/Expenditure Difference Listing (SFOEDL) is forwarded by the DFAS to individual OPTAR holders for each OPTAR held how often?

Answer 46

Monthly

Question 47

The SFOEDL is a report of all filled orders with a difference of what amount or more?

Answer 47

$250

Question 48

The UOL lists all unfilled orders over how many days old held in the DFAS files that have not matched with related expenditure documents and have not been cancelled?

Answer 48

120