2
CFI 100 Certifying Officer and Accountable Official
|| || || || || || ||
Course (3.5 CPEs) Exam with precise detailed || || || || || || ||
answers
When a commander has affirmative authority to use funds for a specific purpose, use of those
|| || || || || || || || || || || || || || || ||
funds is considered _____________ - ✔✔Legal
|| || || || ||
All vouchers certified for payment by a Certifying Officer must be _____________ - ✔✔All of
|| || || || || || || || || || || || || || ||
the above ||
Adhering to which of the following results in negligence or is an indicator of bad faith? -
|| || || || || || || || || || || || || || || || ||
✔✔None of the above || || ||
Both an Accountable Official and a Certifying Officer are: - ✔✔Pecuniarily liable for all illegal,
|| || || || || || || || || || || || || || ||
improper or incorrect payments || || ||
In accordance with 31 U.S.C., section 3528 you may not be pecuniary liable for the full amount of
|| || || || || || || || || || || || || || || || ||
any erroneous payment if you _________ - ✔✔Have followed established official DoD and Air
|| || || || || || || || || || || || || || ||
Force regulations, instructions, policies, and procedures
|| || || || ||
The basis of fiscal law is derived from many sources, except which of the following: -
|| || || || || || || || || || || || || || || ||
✔✔Separation of Powers || ||
What is the body of law that governs the availability and use of federal funds? - ✔✔Fiscal Law
|| || || || || || || || || || || || || || || || ||
The three main elements that must be met before funds can be obligated are: - ✔✔Purpose, Time,
|| || || || || || || || || || || || || || || || ||
and Amount ||
The Purpose Statute says that: - ✔✔Public funds may be used only for the purpose or purposes
|| || || || || || || || || || || || || || || || ||
for which they were appropriated.
|| || || ||
, 2
What type of funds are subject to the Bona fide needs rule and can be used for new obligations? -
|| || || || || || || || || || || || || || || || || || || ||
✔✔Current
these funds last 5 years, have limited use, and cannot pay for new obligations. - ✔✔Expired
|| || || || || || || || || || || || || || ||
These funds cannot be used for any purpose and are returned to the U.S. Treasury. - ✔✔Closed
|| || || || || || || || || || || || || || || ||
Amount is a critical component of fiscal law because it gives Congress - ✔✔The power of the
|| || || || || || || || || || || || || || || || ||
purse
The Anti deficiency Act allows you to - ✔✔Comply with the intent of Congress
|| || || || || || || || || || || || ||
Reliable accounting ... - ✔✔All of the above
|| || || || || || ||
The GWOTESP code "ZA" (Operation Iraqi Freedom) - ✔✔Should only be used for incremental
|| || || || || || || || || || || || || ||
costs of war
|| ||
Accounting's key goal is to: - ✔✔Provide reliable information that is useful in allocating
|| || || || || || || || || || || || || ||
resources and assessing performance. || || ||
There area four summary records based on the level of necessary fiscal or management control.
|| || || || || || || || || || || || || || ||
Which is the highest level of fiscal control? - ✔✔Control Summary Records
|| || || || || || || || || || ||
___________________ are 7 digit alpha-numeric addresses used to represent each and every || || || || || || || || || || || ||
accounting classification. - ✔✔Summary records || || || ||
Which is a responsibility of a Certifying Officer? - ✔✔Establishing accuracy of facts stated on a
|| || || || || || || || || || || || || || || ||
voucher and in the supporting documents and records.
|| || || || || || ||
CFI 100 Certifying Officer and Accountable Official
|| || || || || || ||
Course (3.5 CPEs) Exam with precise detailed || || || || || || ||
answers
When a commander has affirmative authority to use funds for a specific purpose, use of those
|| || || || || || || || || || || || || || || ||
funds is considered _____________ - ✔✔Legal
|| || || || ||
All vouchers certified for payment by a Certifying Officer must be _____________ - ✔✔All of
|| || || || || || || || || || || || || || ||
the above ||
Adhering to which of the following results in negligence or is an indicator of bad faith? -
|| || || || || || || || || || || || || || || || ||
✔✔None of the above || || ||
Both an Accountable Official and a Certifying Officer are: - ✔✔Pecuniarily liable for all illegal,
|| || || || || || || || || || || || || || ||
improper or incorrect payments || || ||
In accordance with 31 U.S.C., section 3528 you may not be pecuniary liable for the full amount of
|| || || || || || || || || || || || || || || || ||
any erroneous payment if you _________ - ✔✔Have followed established official DoD and Air
|| || || || || || || || || || || || || || ||
Force regulations, instructions, policies, and procedures
|| || || || ||
The basis of fiscal law is derived from many sources, except which of the following: -
|| || || || || || || || || || || || || || || ||
✔✔Separation of Powers || ||
What is the body of law that governs the availability and use of federal funds? - ✔✔Fiscal Law
|| || || || || || || || || || || || || || || || ||
The three main elements that must be met before funds can be obligated are: - ✔✔Purpose, Time,
|| || || || || || || || || || || || || || || || ||
and Amount ||
The Purpose Statute says that: - ✔✔Public funds may be used only for the purpose or purposes
|| || || || || || || || || || || || || || || || ||
for which they were appropriated.
|| || || ||
, 2
What type of funds are subject to the Bona fide needs rule and can be used for new obligations? -
|| || || || || || || || || || || || || || || || || || || ||
✔✔Current
these funds last 5 years, have limited use, and cannot pay for new obligations. - ✔✔Expired
|| || || || || || || || || || || || || || ||
These funds cannot be used for any purpose and are returned to the U.S. Treasury. - ✔✔Closed
|| || || || || || || || || || || || || || || ||
Amount is a critical component of fiscal law because it gives Congress - ✔✔The power of the
|| || || || || || || || || || || || || || || || ||
purse
The Anti deficiency Act allows you to - ✔✔Comply with the intent of Congress
|| || || || || || || || || || || || ||
Reliable accounting ... - ✔✔All of the above
|| || || || || || ||
The GWOTESP code "ZA" (Operation Iraqi Freedom) - ✔✔Should only be used for incremental
|| || || || || || || || || || || || || ||
costs of war
|| ||
Accounting's key goal is to: - ✔✔Provide reliable information that is useful in allocating
|| || || || || || || || || || || || || ||
resources and assessing performance. || || ||
There area four summary records based on the level of necessary fiscal or management control.
|| || || || || || || || || || || || || || ||
Which is the highest level of fiscal control? - ✔✔Control Summary Records
|| || || || || || || || || || ||
___________________ are 7 digit alpha-numeric addresses used to represent each and every || || || || || || || || || || || ||
accounting classification. - ✔✔Summary records || || || ||
Which is a responsibility of a Certifying Officer? - ✔✔Establishing accuracy of facts stated on a
|| || || || || || || || || || || || || || || ||
voucher and in the supporting documents and records.
|| || || || || || ||
