True or False: A commitment of funds occurs after a manual Purchase Requisition is approved and funds are certified.

A commitment of funds indeed occurs after a manual Purchase Requisition is approved and the funds have been certified. This process ensures that the necessary funds are allocated and reserved for the intended purchase, demonstrating that the organization is adhering to proper financial management practices.

When a Purchase Requisition is approved, it signifies that the proposed expenditure has been validated and is ready to be executed. The certification of funds further confirms that the financial resources are available and earmarked for this specific purpose, which is a crucial step in maintaining accountability and preventing overspending.

In an effective acquisition process, all such steps are essential to ensure that the organization responsibly manages its budget and resources, thus making the statement true.