CFI 100 EXAM 1 QUESTIONS AND ANSWERS
Which of the following is NOT true regarding pecuniary liability? - CORRECT 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: - CORRECT ANSWER✅✅The Certifying Officer is presumed
negligent and the accountable official has the burden of proof
31 U.S.C. 3802 sets the pecuniary liability limit to a civil penalty: - CORRECT 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? -
CORRECT ANSWER✅✅Purpose
What does the highlighted 2-digit number represent in the above example? - CORRECT
ANSWER✅✅Fund code
In an accounting classification, what does the Element of Expense/Investment Code represent? -
CORRECT ANSWER✅✅Resource consumption for a particular commodity
This resource contains listings of EEICs, RC/CCs, accounts receivable sales codes, accounting action and
post codes, and many other data elements - CORRECT ANSWER✅✅Financial Management Data
Dictionary
Which level includes all the details of an accounting classification resulting in a unique fund citation? -
CORRECT ANSWER✅✅Fund summary records (FSRs)
When Congress hasn't passed the new fiscal years Appropriation Act by the start of the new fiscal year,
what does SAF/FMB provide that allows Air Force activities to spend money pending the passing of the
DoD Appropriations Act? - CORRECT ANSWER✅✅Continuing Resolution Authority (CRA)
Which of the following is NOT true regarding pecuniary liability? - CORRECT 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: - CORRECT ANSWER✅✅The Certifying Officer is presumed
negligent and the accountable official has the burden of proof
31 U.S.C. 3802 sets the pecuniary liability limit to a civil penalty: - CORRECT 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? -
CORRECT ANSWER✅✅Purpose
What does the highlighted 2-digit number represent in the above example? - CORRECT
ANSWER✅✅Fund code
In an accounting classification, what does the Element of Expense/Investment Code represent? -
CORRECT ANSWER✅✅Resource consumption for a particular commodity
This resource contains listings of EEICs, RC/CCs, accounts receivable sales codes, accounting action and
post codes, and many other data elements - CORRECT ANSWER✅✅Financial Management Data
Dictionary
Which level includes all the details of an accounting classification resulting in a unique fund citation? -
CORRECT ANSWER✅✅Fund summary records (FSRs)
When Congress hasn't passed the new fiscal years Appropriation Act by the start of the new fiscal year,
what does SAF/FMB provide that allows Air Force activities to spend money pending the passing of the
DoD Appropriations Act? - CORRECT ANSWER✅✅Continuing Resolution Authority (CRA)
