CFI 100 Certifying Officer and Accountable Official Course Final Exam

CFI 100 Certifying Officer and Accountable Official Course Final Exam When a commander has affirmative authority to use funds for a specific purpose, use of those funds is considered _____________ - CORRECT ANSWER-Legal All vouchers certified for payment by a Certifying Officer must be _____________ - CORRECT ANSWER-All of the above Adhering to which of the following results in negligence or is an indicator of bad faith? - CORRECT ANSWER-None of the above Both an Accountable Official and a Certifying Officer are: - CORRECT ANSWERPecuniarily 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 _________ - CORRECT ANSWER-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: - CORRECT ANSWER-Separation of Powers What is the body of law that governs the availability and use of federal funds? - CORRECT ANSWER-Fiscal Law The three main elements that must be met before funds can be obligated are: - CORRECT ANSWER-Purpose, Time, and Amount The Purpose Statute says that: - CORRECT ANSWER-Public funds may be used only for the purpose or purposes for which they were appropriated. What type of funds are subject to the Bona fide needs rule and can be used for new obligations? - CORRECT ANSWER-Current these funds last 5 years, have limited use, and cannot pay for new obligations. - CORRECT ANSWER-Expired These funds cannot be used for any purpose and are returned to the U.S. Treasury. - CORRECT ANSWER-Closed Amount is a critical component of fiscal law because it gives Congress - CORRECT ANSWER-The power of the purse