Financial Mangement

What's the beginning and end of the fiscal year?

• oct.1 - sep 30.

• March 1st and February 28th
• April 1st and March 31st
• July 1st and June 30th

Purpose of the financial management?

• manage budget

• Properly execute the legal and administrative responsibilities

• to execute proper funding

• to buy peanut butter

Is true that the marine corps uses green dollar?

• true

• false

What organization is the first level of funding?

• MARFOR

• HQMC

• MEF

• MSC

When does the second quarter of the fiscal year end?

• March 31

• March 30

• May 31

• Jan 1

What is the duty of a Comptroller?

• Looks over the budget

• Submits recommendation for approval to the Commanding General

• Comptroller passes back down in the form of an authorization letter

• ALL OF THE ABOVE

What is the official financial system of the Marine Corps?

• DAI

• HQMC

• DTS

• GPC

List the references which are used to govern financial management operations in the Marine Corps to ensuring compliance with all DoD laws and regulations.

• UM 4000-125 VOL 1 & 2

• MCO 7300.21 B Marine Corps Financial Management

• MCO 4400.201 VOL 1, 2, & 5

• ALL THE ABOVE

What is the Battalion Commander responsible for?

• for all authorizations of funds granted within the unit

• working directly on financial requirements of the command

• responsible for certifying funds

  approving funds on behalf of Bn CO

• None

What are the five stages of the “Transaction Cycle” within DAI

• Requisition or Request, Award or Purchase Order (PO), Receipt, AP Invoice, and Payment

• Commitment, obligation, accrual, expenditure, and disbursement

• DON/HQMC,

  MARFORS, MEF -Allotment, MSC – Sub-Allotment, and Project/Task

• ALL THE ABOVE