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What is a Certifing officers maximun level of pecuniary liability with regards to erroneous payments?
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Pecuniary liability attaches?
automatically to certifying officers when there is fiscal irregularity
Is advances from officers a current or long term liabilities?
Advances from officers is a current liability as it is assumed to be return within one fiscal year.
What is the abbreviation of PO related to bank?
Probationary officers
Why would corporate financial officers be concerned about their stock values?
Corporate officers are concerned with stock values because a portion of their pay is connected with the company's stock performance. The better it does, the more money they will receive.
What is the preferable presentation of accounts receivable from officers on a balance sheet?
As an offset to the capital
Who has pecuniary liability for erroneous payments?
Certifying Officers have pecuniary liability for erroneous payments.Certifying Officers
What is true about a Departmental Accountable Official?
They have automatic pecuniary liability for erroneous payments.
Who has pecuniary responsibility for erroneous payments?
Disbursing Officers, Certifying Officers, or Accountable Officials all have pecuniary responsibility for erroneous payments.
What does federal laws say about certifying officers?
DOD must use them, and they have limited liability.
Pecuniary liability is the personal liability of?
Certifying Officers
Pecuniary liability is the personal liability for whom?
Certifying Officers
An automatic presumption of pecuniary liability applies to?
Certifying Officers and Dispursing Officers
Pecuniary liability attaches?
automatically to certifying officers when there is fiscal irregularity
NOT a means of clearing a Certifying Officer's pecuniary liability?
Transfering to another department is not a means of clearing departmental accountable officers for official pecuniary liability.
The following statements is TRUE about Departmental Accountable Officials with regards to pecuniary liability?
They Provide information to certifying officers
What is the best way for certifying officers to prevent pecuniary liability?
By only certifying documents that are legal, proper, and correct.
What is the purpose of pecuniary liability?
To provide an incentive to guard against errors and theft by others. To protect the government against errors and dishonesty by Departmental Accountable Officials and Certifying Officers.
