2024 describes the conditions under which a P-5a budget exhibit is required, accounting homework help

describes the conditions under which a P-5a budget exhibit is required, accounting homework help

Business Finance Assignment Help 2024

1) Which one of the following best describes the conditions under which a P-5a budget exhibit is required to be submitted?
When a P-40a budget exhibit is prepared
When a P-3a budget exhibit is prepared
When a P-10 budget exhibit is prepared

When a P-5 budget exhibit is prepared

2) The PPBE process is driven by the legal requirement to submit the President’s Budget (PB) to Congress by the:
Last Friday in January
First Monday in October
First Monday in February

First Monday in October

3) All of the following would likely trigger a question or adjustment by a budget analyst reviewing a budget request, EXCEPT:
Construction program budgeted on a full funding basis
Construction program used a Procurement escalation index
Program’s obligations and expenditures are significantly lower than goals

Budget request is not consistent with the program’s current cost estimates and schedule

4) Which one of the following statements regarding Earned Value (EV) information is FALSE?
The EV information should relate work performed to associated budgets and schedules
When required, EV information should be a contract deliverable
For maximum objectivity, the Program Office should not use EV information obtained from the contractor

Program Managers can use EV information to manage program risk

5) Which one of the following best describes the conditions under which a P-1 budget exhibit is required to be submitted?
When the line item funding is $5 million or more in the budget year
When the program element funding is $1 million or more in the budget year
When it covers a weapon system modification program whose costs exceed $5 million in any year covered by the budget request

When any funding is requested under a particular Procurement appropriation

6) Which of the following statements are true concerning the R-1 budget exhibit? Select all that apply.
It contains information on related non-RDT&E funding for acquisition programs
It contains detailed cost information for RDT&E projects grouped into 4 categories: Product Development, Support Costs, Test and Evaluation, and Management Services
It is prepared at the Component level

All other RDT&E budget exhibits for a particular program element should reconcile to the R-1

7) The PPBE phase that develops affordable resource packages identifying force levels, personnel and funding required to execute DoD strategy is:
Planning
Budgeting
Execution

Programming

8) Which of the following statements is true concerning the R-4 budget exhibit?
It contains funding requirements for the budget year
It includes a brief explanation of a project’s acquisition strategy if the project is part of a program element in RDT&E budget activity 4, 5, or 7
It contains information on related non-RDT&E funding for acquisition programs

It provides a schematic display of major program milestones

9) Which one of the following best describes the purpose of the P-40 budget exhibit?
Provide narrative justification and total procurement costs for a particular line item
Summarize the funding requirements for a particular Procurement appropriation account
Provide detailed cost analysis for each P-1 line item (excluding Advance Procurement, modification programs, and aggregated line items)

Provide budget justification for a particular Procurement-funded weapon system modification program

10) All of the following are reasons that an acquisition program may lose funding during the PPBE process, EXCEPT:
High technological risk
Providing detailed justification for requested funding
DoD balancing of priorities

Duplicating capabilities of another program

11) Which one of the following best describes conditions under which a P-21 budget exhibit would be required to be submitted?
When an ACAT I program plans to award production contracts during the budget year or has end items under contract that will not be delivered before the start of the budget year
When the program element funding is $1 million or more in the budget year
When a procurement line item is an aggregation of different end items requiring funding of less than $5 million apiece

When advance procurement funding is requested for a program that does not require specific authorization by Congress

12) Which of the following are produced during the Programming Phase of the PPBE process? Select all that apply.
Resource Management Decisions (RMDs) (programming phase annex)
Chairman’s Program Recommendation (CPR)
Chairman’s Program Assessment (CPA)

Defense Planning Guidance (DPG)

13) All of the following are characteristics of an effective reclama, EXCEPT:
Specifically addresses reasoning for proposed funding cut
Uses technical jargon and acronyms
Provides specific, believable impacts on the program

Is concise

14) The P-3a displays all of the following information, EXCEPT:
Funding requirements for the three years prior to the budget year
Funding requirements for 4 out-years following the budget year
Production lead time for each end item

Funding requirements for the budget year

15) Place these PPBE process Planning Phase documents in the order in which they are most commonly considered:
Defense Planning Guidance (DPG)
National Security Strategy (NSS)
National Military Strategy (NMS)

Chairman’s Program Recommendation (CPR)

16) Which of the following information is displayed in the R-3 budget exhibit? Select all that apply.
Detailed cost information for RDT&E projects grouped into 4 categories: Product Development, Support Costs, Test and Evaluation, and Management Services
Narrative justification for each program element’s budget request
Funding requirements for 4 out-years following the last budget year

Performing organization for each effort requiring over $1 million in funding

17) Which one of the following best describes the conditions under which a P-5 budget exhibit is required to be submitted?
When the P-40 is supported by a P-10 budget exhibit
When the line item funding is less than $5 million in the budget years
When it covers a weapon system modification program whose costs exceed $5 million in any year covered by the budget request

When the P-40 is not supported by any P-3a, P-10, or P40a budget exhibits

18) Which of the following statements is true?
Once an acquisition program has established its affordability at program initiation, it does not need any further interaction with the PPBE process over the life of the program
The PPBE process decisions do not require the execution of an acquisition program to be changed
Acquisition program budget requirements must only be updated in the PPBE process when a milestone decision occurs

The PPBE process and the Defense Acquisition System interact concerning personnel and financial resources

19) Which one of the following statements most accurately describes how Earned Value (EV) data should be used to determine the budget requirement for a contract?
Use the contractor’s Latest Revised Estimate
Develop an Estimate at Completion and add appropriate profit or fee
Develop an Estimate at Completion

Use the contractor’s Latest Revised Estimate and subtract appropriate profit or fee

20) All of the following information is displayed in the R-2 budget exhibit, EXCEPT:
Summary of program changes since the last budget request
Detailed cost information for RDT&E projects grouped into 4 categories: Product Development, Support Costs, Test and Evaluation, and Management Services
Funding requirements for 4 out-years following the last budget year