VIP Exclusive
CDFM VIP Certification Practice Exam — Series III
CDFM — The CDFM (Certified Defense Financial Manager) certification is administered by the American Society of Military Comptrollers (ASMC) and consists of three modules (Foundations of Federal Appropriations Law, Budget and Cost Analysis, Accounting and Finance), each with 110 questions, a 3-hour time limit, and a 70% passing threshold.
56
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 56👑 VIP
A contracting officer at a DoD installation obligates $2.4 million from a fiscal year (FY) 2024 Operations and Maintenance (O&M) appropriation in September 2024 to purchase commercial software licenses. The licenses will not be delivered or activated until January 2025. An audit later identifies this obligation as potentially improper. Which appropriations law principle is most directly at issue?
Questions 2–56 and full explanations are VIP-exclusive.