Shared Flashcard Set

Details

FM Block IX PE 2a
Financial Management Officer Course
8
Finance
Graduate
06/06/2013

Additional Finance Flashcards

 


 

Cards

Term
Operations & Maintenance (O&M)
Definition
The principle source of funds for Air Force operations will be ______.
Term
Baseline Costs
Definition
______ are the continuing annual operations costs incurred regardless of a contingency (i.e., scheduled flying hours, training, and exercise).
Term
Incremental Costs
Definition
_______ for a contingency, on the other hand, are the additional costs to the Air Force directly attributable to a contingency operation.
Term
Emergency & Special Purpose (ESP) Code
Definition
These supplemental appropriations usually lag behind the expenditure of funds for the contingency, so it is imperative that the Air Force accurately capture the costs associated with the contingency operation using an _______.
Term
ORF
Definition
What funds are used by the AF to uphold the standing and prestige of the U.S. by extending official courtesies to certain officials and dignitaries of the U.S. and foreign countries?
Term
Food, drink,live recorded music, theatrical performance, and any other item or activity designed to entertain.
Definition
What does the Comptroller General define as entertainment?
Term
  1. Amount of purchase is generally $2,500 or less
  2. Supplies or services are immediately available
  3. One delivery and one payment are to be made
  4. Purchase is not in excess of the small purchase threshold for contingencies as declared by the Secretary of Defense 
Definition
List the conditions of the SF 44.
Term
  1. DD Form 1155, Order for Supplies or Services/Request for Quotations
  2. SF 44, Purchase Order - Invoice - Voucher 
Definition
What forms are used by the Contracting Office  who issues the majority of obligation documents?
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