According to DFARS PGI 204.7107(a)(2)(ii), can more than one ACRN be assigned to one accounting classification citation?

Study for the DAU Contracting Certification Exam. Prepare with multiple choice questions featuring hints and explanations. Boost your readiness and confidence for the exam!

The correct answer is based on the specific guidance provided in the DFARS PGI 204.7107(a)(2)(ii), which indicates that only one Accounting Classification Reference Number (ACRN) can be assigned to a single accounting classification citation. This rule is in place to ensure clarity and accountability within government contracting processes. Each accounting classification citation must uniquely correspond with a single ACRN to avoid confusion in financial tracking and reporting.

Understanding this regulation is crucial for maintaining accurate and compliant contracting practices. It ensures that funds allocated to specific projects or purposes are managed effectively, with each ACRN clearly linked to its particular accounting classification. This streamlined approach helps prevent potential issues that may arise from multiple ACRNs being assigned to a single citation, which could complicate budgeting, accounting, and auditing processes.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy