CGFM PACKAGE DEAL

Which branch is accountable to whom? - ️️Legislative --> to the public Governments exist to provide services - ️️no profit motive, no single measure of success Primary funding source = - ️️taxes (involuntary payments, because there is no ability to match services to those who provi...

Three Broad Government Spending Purposes - ️️1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - ️️Determines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inhe...

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, membership fees Restricted Fund Balance - ️️Subject to constr...

I1. A significant difference between special-purpose and general-purpose governments is that general-purpose governments - ️️Correct Answer: perform multiple functions, while special-purpose governments are typically formed to perform one or two specific functions. I2. A commission that manag...

AGA - ️️Association of Government Accountants CEAR - ️️Certificate of Excellence in Accountability Reporting CFO - ️️Chief Financial Officer CGFM - ️️Certified Government Financial Manager ERP - ️️Enterprise Resource Planning FASAB - ️️Federal Accounting Standa...

AGA - ️️Association of Government Accountants CEAR - ️️Certificate of Excellence in Accountability Reporting CFO - ️️Chief Financial Officer CGFM - ️️Certified Government Financial Manager ERP - ️️Enterprise Resource Planning FASAB - ️️Federal Accounting Standa...

doctrine of separation of powers provides a foundation for - ️️government financial management govt entity can be classed as - ️️general or special purpose US constitution written - ️️1787 Most school district in US - ️️Independent District Role of federal CFO - ️️cod...

Cash Management Improvement Act 1990 - ️️Improve the transfer of federal funds 31 CFR Part 208 Management of Federal Agency Disbursements - ️️Requires EFT payments Cash Management - ️️1) mutually beneficial relationships with banks 2) collecting and recording cash 3) generating e...