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CFI 100 Certifying Officer and Accountable Official Course (3.5 CPEs) Questions & answers. $9.49   Add to cart

Exam (elaborations)

CFI 100 Certifying Officer and Accountable Official Course (3.5 CPEs) Questions & answers.

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  • Course
  • CDFM - Certified Defense Financial Manager
  • Institution
  • CDFM - Certified Defense Financial Manager

CFI 100 Certifying Officer and Accountable Official Course (3.5 CPEs) Questions & answers.

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  • September 22, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFM - Certified Defense Financial Manager
  • CDFM - Certified Defense Financial Manager
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Professorkaylee
CFI 100 Certifying Officer and
Accountable Official Course (3.5 CPEs)
Questions & answers.
When a commander has affirmative authority to use funds for a specific purpose, use of those funds is
considered _____________ ANS -Legal



All vouchers certified for payment by a Certifying Officer must be _____________ ANS -All of the above



Adhering to which of the following results in negligence or is an indicator of bad faith? ANS -None of the
above



Both an Accountable Official and a Certifying Officer are: ANS -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 _________ ANS -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: ANS -Separation of
Powers



What is the body of law that governs the availability and use of federal funds? ANS -Fiscal Law



The three main elements that must be met before funds can be obligated are: ANS -Purpose, Time, and
Amount



The Purpose Statute says that: ANS -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? ANS -
Current



these funds last 5 years, have limited use, and cannot pay for new obligations. ANS -Expired



These funds cannot be used for any purpose and are returned to the U.S. Treasury. ANS -Closed



Amount is a critical component of fiscal law because it gives Congress ANS -The power of the purse



The Anti deficiency Act allows you to ANS -Comply with the intent of Congress



Reliable accounting ... ANS -All of the above



The GWOTESP code "ZA" (Operation Iraqi Freedom) ANS -Should only be used for incremental costs of
war



Accounting's key goal is to: ANS -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? ANS -Control Summary Records



___________________ are 7 digit alpha-numeric addresses used to represent each and every
accounting classification. ANS -Summary records



Which is a responsibility of a Certifying Officer? ANS -Establishing accuracy of facts stated on a voucher
and in the supporting documents and records.



According to the Department of Defense Financial Management Regulation (DoDFMR), Volume 5,
Chapter 33, certification is the act of attesting to the ______________ of a payment. ANS -

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