CFI 100 Certifying Officer and Accountable Official Course Study Guide 2024 Updated Q&A

CFI 100 Certifying Officer and Accountable Official Course Study Guide 2024 Updated Q&A - CORRECT ANSWERWhich of the following is NOT true regarding pecuniary liability? - CORRECT ANSWERCertifying 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