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Business Accounting and Bookkeeping

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Emmanuel Ward

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Cards in this guide (15)
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

legality, propriety, and correctness

31 USC 3802 sets the pecuniary liability limit to a civil penalty of how much

of not more than $5,000 and twice the full amount of the erroneous payment

If there is an erroneous payment then

the Certifying Officer is presumed negligent

Which is true about commanders

They must have affirmative authority to use funds for a particular purpose

Which best describes Official Representation Funds ORF

They recognize the legitimate need to provide official entertainment, where it might otherwise be prohibited by law

Which type of appropriation can be used to fund a two year old O and M contract adjustment

Expired

Which level includes all the details of an accounting classification resulting in a unique fund citation

Program summary record (PSR)

When congress hasn't passed the new fiscal years appropriation act by the start of the new fiscal year what does saf fmb provide that allows air force activities to spend money pending the passing

Continuing Resolution Authority (CRA)

Which of the following is true about congressional spending power

It needs to be in pursuit of the general welfare

An Accountable Official is appointed through the chain of command

TRUE

What are the major categories of accounting

Following are major categories of accounting:

1 - Cost accounting

2- Financial accounting

3 - management accounting

What has the author Leroy F Imdieke written

Leroy F. Imdieke has written:

'Financial Accounting 2e Sol'

'Financial Accounting 2e TB'

'Financial Accounting 2e Sol Tr'

'Financial Accounting 2e Lotus Solutions (D5)'

What is an accountable official's responsibilities

[object Object]

In an accounting classification what does the EEIC represent
  • Element of Expense/Investment Code
  • Element of Expense Identification Code
what are three examples of abuse of the govermentwide commercial Purchase card

Failing to purchase from mandatory sources, Exceeding the applicable micro-purchase threshold, Splitting requirements to avoid card thresholds.

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