Cgfm - Study guides, Class notes & Summaries

CGFM Exam 1- Study Guide: Questions & Answers

Which of the following is inappropriate? a. The person receiving a deposit makes out the deposit slip. b. The person making out the deposit slip makes the deposit. c. The person sending out the bill records the transaction in the system. d. The person recording transactions reconciles the bank statements. -Correct Answer b. the person making the deposit slip has the ability to alter the deposit. Thus, these are not compatible duties. Often, the person receiving the deposit also makes out ...

CGFM EXAM 1 ALL – COMPLETE GUIDE (100% CORRECT)

CGFM Exam 2 – Questions & Answers (100% Correct)

CGFM TEST 3 - Questions & Verified Answers

CGFM Test 1 Federal correct answerrefers to national government Federalism correct answermeans that power is distributed among different levels of government Sovereignty correct answergovernment cannot be sued by states or by citizens without its permission Popular Sovereignty correct answercitizens hold the ultimate authority through the ballot and even a sovereign government is accountable to citizens Three levels of government correct answerFederal, State, Local - each may not enact law...

CGFM Exam 1 – Questions And Detailed Answers

CGFM - Exam 1: Government Environment (Qs And As)

CGFM Exam 2 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 inventory valuation method, what was the cost of goods sold for jet fuel in fiscal year 2017? - ANSWER-Correct Answer: $133.50 I 2.In financial reporting, consistency of communication means - ANSWER-Correct Answer: if accounting pri...

CGFM TEST 3 Questions and Answers 100% Correct | Updated 2024