FAC1601 Examination Questions and Answers Verified Solutions Latest Update

FAC1601 Examination Questions and
Answers
Verified Solutions Latest Update


Question:

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


Question:

The term proper when applied to Certifying Official duties means that

Answer:
The funds are appropriated for payment


Question:

An Accountable Official is

Answer:
An individual responsible for providing info, data, or services that result in certification
of vouchers for payment


Question:

What form is used to appoint Certifying Officers and Accountable Officials?

Answer:
DD Form 577

, Question:

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


Question:

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


Question:

If there is an erroneous payment, then

Answer:
The Certifying Officer is presumed negligent


Question:

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


Question:

The appropriation section of this fund cite best relates to which fiscal concept, in the
above example?

Answer:
Purpose


Question:

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

Answer:
Fund code