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CFI 100: Certifying Officer and Accountable Official Course Exam Questions and Answers

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CFI 100: Certifying Officer and Accountable Official Course Exam Questions and Answers Which of the following is NOT true regarding pecuniary liability? - Answer- Certifying Officers and Accountable Officials face a presumption of negligence when a fiscal irregularity has been identified If t...

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EmillyCharlotte
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FIRST PUBLISH SEPTEMBER 2024

CFI 100: Certifying Officer and
Accountable Official Course Exam
Questions and Answers
Which of the following is NOT true regarding pecuniary liability? - 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: - 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: - 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? - Answer✔✔-Purpose

What does the highlighted 2-digit number represent in the above example? -

Answer✔✔-Fund code

In an accounting classification, what does the Element of Expense/Investment Code

represent? - 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 - Answer✔✔-

Financial Management Data Dictionary




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