When setting up an installation of Microsoft Forefront Identity and Lifecycle Manager 2010 R2 going through the initial setup phase to configure common services I was getting the error message
The service account could not be found. This could be due to an incorrect password. Please check the service account and try again.
As it turns out I was getting this error message as I had entered the fully qualified domain name in the ‘Service Account Domain’ box instead of the shorter NETBIOS name.
Putting in the NETBIOS name allowed me to proceed to the next screen and finish the setup normally. See the screen shots below for a little more information-