


Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
CFI 100 Certifying Officer and Accountable Official Exam With Complete Solutions 100% Verified
Typology: Exams
1 / 4
This page cannot be seen from the preview
Don't miss anything!
Which is a responsibility of a Certifying Officer? - ANSWER Establishing accuracy of facts stated on a voucher and in the supporting documents and records.
Department of Defense Financial Management Regulation (DoDFMR), Volume 5, Chapter 33, certification is the act of attesting to the ___________of a payment. - ANSWER Legality, propriety, and correctness
The term proper when applied to Certifying Official duties means that: - ANSWER The funds are appropriated for payment
An Accountable Official is - ANSWER An individual responsible for providing info, data, or services that result in certification of vouchers for payment
What form is used to appoint Certifying Officers and Accountable Officials? - ANSWER DD Form 577
Which of the following is NOT one of an Accountable Official's responsibilities? - ANSWER To verify a voucher's accurate computation and the payment's legality under the appropriation involved
Which of the following is NOT true concerning pecuniary liability? - ANSWER Certifying Officers and Accountable Officials face a presumption of negligence when a fiscal irregularity has been identified
If there is an erroneous payment, then: - ANSWER The Certifying Officer is presumed negligent
31 U.S.C. 3802 sets the pecuniary liability limit to a civil penalty - ANSWER Of not more than $5,000 and twice the full amount of the erroneous payment
The appropriation section of this fund cite best relates to which fiscal concept, in the above example? - ANSWER Purpose
What does the underlined 2-digit number represent in the above example? - ANSWER Fund code
In an accounting classification, what does the Element of Expense/Investment Code represent? - ANSWER Resource consumption for a particular commodity
This resource includes listings of EEICs, RC/CCs, accounts receivable sales codes, accounting action and post codes, and many other data elements. - ANSWER Financial Management Data Dictionary
What level provides all the details of an accounting classification that results in a unique fund citation? - ANSWER Program summary record PSR
If Congress has not passed the new fiscal years Appropriation Act by the beginning of the new fiscal year, what does SAF/FMB provide that enables Air Force activities to obligate funds pending passage of the DoD Appropriations Act? - ANSWER Continuing Resolution Authority CRA
Which of the following is true? - ANSWER Floors are minimum amounts you can spend on a particular program by the end of the period of availability
From an accounting and funds control perspective, which are the best examples of what you would do in the implementation and evaluation steps of the decision making process? - ANSWER Both make sure correct fund cite is on commitment/obligation documents and track expenditures and compare to projections
The FMB and FWG institutes a quarterly phased plan, wherein the FMA office is allowed
Expired appropriations are available for obligation for how many years? - ANSWER 5 Years
Which best defines the bona fide needs rule? - ANSWER Funds are available only for payment of expenses properly incurred during the period of availability or to complete contracts properly made within that period