Business Accounting and Bookkeeping

justify the purpose of an expenditure

legality, propriety, and correctness

the funds are appropriated for payment

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

the Certifying Officer is presumed negligent

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

1-year

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

Day-to-day expenses such as training exercises, deployments and civilian pay

Expired

Program summary record (PSR)

Continuing Resolution Authority (CRA)

It needs to be in pursuit of the general welfare

If affirmative authority does not exist, don't do it

TRUE

affirmative authority

Following are major categories of accounting:

1 - Cost accounting

2- Financial accounting

3 - management accounting

Leroy F. Imdieke has written:

'Financial Accounting 2e Sol'

'Financial Accounting 2e TB'

'Financial Accounting 2e Sol Tr'

'Financial Accounting 2e Lotus Solutions (D5)'

[object Object]

• Element of Expense/Investment Code
• Element of Expense Identification Code

According to the Department of Defense Financial Management Regulation (DoDFMR), Volume 5, Chapter 33, certification is the act of attesting to the

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