The authority for M accounts or Merge Accounts were phased out over three years starting with the NDAA of which year?

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Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

The authority for M accounts or Merge Accounts were phased out over three years starting with the NDAA of which year?

Explanation:
The phase-out starts with the NDAA enacted in 1991, so the starting year is 1991. This National Defense Authorization Act directed the authority to use Merge Accounts to be eliminated over a three-year period, guiding agencies to transition away from M accounts within that timeframe. The other years don’t fit because they don’t represent the NDAA that initiated the phase-out.

The phase-out starts with the NDAA enacted in 1991, so the starting year is 1991. This National Defense Authorization Act directed the authority to use Merge Accounts to be eliminated over a three-year period, guiding agencies to transition away from M accounts within that timeframe. The other years don’t fit because they don’t represent the NDAA that initiated the phase-out.

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