FAC1601 EXAMINATION SET 2026 SOLVED
QUESTIONS GRADED A+
● 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. Answer: Legality, propriety,
and correctness
● The term proper when applied to Certifying Official duties means
that: Answer: The funds are appropriated for payment
● An Accountable Official is Answer: An individual responsible for
providing info, data, or services that result in certification of vouchers
for payment
● What form is used to appoint Certifying Officers and Accountable
Officials? Answer: DD Form 577
● Which of the following is NOT one of an Accountable Official's
responsibilities? Answer: To verify a voucher's accurate computation and
the payment's legality under the appropriation involved
● 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
● 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
● Which level includes all the details of an accounting classification
resulting in a unique fund citation? Answer: Program summary record
(PSR)
QUESTIONS GRADED A+
● 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. Answer: Legality, propriety,
and correctness
● The term proper when applied to Certifying Official duties means
that: Answer: The funds are appropriated for payment
● An Accountable Official is Answer: An individual responsible for
providing info, data, or services that result in certification of vouchers
for payment
● What form is used to appoint Certifying Officers and Accountable
Officials? Answer: DD Form 577
● Which of the following is NOT one of an Accountable Official's
responsibilities? Answer: To verify a voucher's accurate computation and
the payment's legality under the appropriation involved
● 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
● 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
● Which level includes all the details of an accounting classification
resulting in a unique fund citation? Answer: Program summary record
(PSR)
