CGFM Exam BUNDLE, RATED A+

CGFM Exam 1 Questions and answers, rated A+ I1. A significant difference between special-purpose and general-purpose governments is that generalpurpose governments - -Correct Answer: perform multiple functions, while special-purpose governments are typically formed to perform one or two specif...

CGFM Exam: Section 1, Chapter 1: Questions and answers/ rated A+ Difference between a budget in public vs. private sector? - -Public sector = Law/Private sector = benchmark for performance and goals for growth Primary control device in Govt? - -budget Financial Reports - -primary mechanism by...

CGFM - Part 1; Questions and answers, rated A+ 4 Categories of performance measures - -- Input measures: determine the resources used. Types of inputs that are measured include financial data, number of transactions processed, labor hours, and equipment time used. - Process measures: evaluat...

CGFM Exam 2 - Section 1, Questions & Answers/ Taxes - -Resources for gov are derived primarily from Grants and shared revenues - -Gobs receive revenue from other levels of gov through Budget - -Primary control device in gov Financial reporting - -Primary mechanism to demonstrate accountability...

CGFM EXAM 2 Study/ questions and answers, 100% Verified/ Non-Spendable Fund Balance - -Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, membershi...

CGFM TEST 2 SECTION 2- CHAPTER 1. Exam Questions and answers/ rated A+ FINANCIAL REPORTING SHOULD PROVIDE INFORMATION TO DETERMINE WHETHER THE ENTITY'S FINANCIAL POSITION IMPROVED OR DETERIORATED AS A RESULT OF THE YEAR'S OPERATIONS. TRUE THE GOVERNMENT ACCOUNTING STANDARDS BOARD WAS ESTABL...

CGFM Exam 3: Section 1, Chapter 4 - Acquisiton management. Questions and answers/ The four basic phases in acquiring goods and services are? - -1) establishing specifications 2) soliciting supply sources 3) awarding contracts 4) monitoring contractor performance 2 basic methods for solici...

CGFM Exam 2 Questions and answers/ rated A+ I 1.The Defense Logistics Agency holds jet fuel as inventory, which it sells to support flight operations. The table on the left provides beginning/ending fiscal year 2017 inventory levels and purchase information. Assuming the agency uses the FIFO ...

Governmental Financial Management CGFM Study Guide 3, Questions and answers/ Internal controls should help prevent goods from being stolen. True or false? Answer: - -True. One of the primary functions of internal control systems is to prevent loss, misuse or misappropriation of assets Whic...

CGFM Exam 2 - Section 2, Chapter 2 - Fund Accounting and Reporting, Questions and answers/ GASB Codification Section 1300 - -Establish the foundational accounting and reporting standards for state and local FUNDS Fund - -Funds are fiscal and accounting entities that are segregated for the pur...

CGFM Exam 3: Section 5, Chapter 1: Questions and answers. VERIFIED/ Audit definition - -an independent, systematic, objective and unbiased assessment that provides answers to a set of questions. "Material" meaning - -use "material" in the context of whether reasonable people would consider...