Term
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Definition
| ______ are documentation of transactions from their inception to final disposition and reporting in the books of original entry. |
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Term
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Definition
| ______ permit verification of transactions to ensure that affected accounts are properly recorded, classified, coded, and posted. |
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Term
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Definition
| What system may perfom all financial functions including general ledger management, funds management, payment management, receivable management, and cost management? |
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Term
Mixed System
referred as
(System Feeder) |
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Definition
| What information system can support both financial and non-financial functions? |
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Term
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Definition
| What standard or directive covers the proper recording of obligations? |
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Term
| to ensure only those transactions which meet specified standards for legitimate obligations are recorded |
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Definition
| What is the purpose of Title 31 U.S.C. 1501 |
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Term
1. Ensure unliquidated obligations are recorded
2. In the proper stage of accounting
3. Amounts are valid and correct
4. They are not dormant
5. Documentation exists to support the recording of the unliquidated obligation. |
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Definition
| During Tri-annual Reviews, describe the financial manager's activities. |
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Term
| accurate obligation records |
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Definition
| What is considered a critical factor in efforts to eliminate unmatched disbursements and negative unliquidated obligations? |
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Term
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Definition
| ______ distort financial records and leave the public with the impression that the government cannot accurately track and account for the funds we are responsible to manage. |
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