Cgfm exam 2 study - Study guides, Class notes & Summaries

CGFM Exam: Section 1, Chapter 1 Questions and Answers Already Passed 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 which public officials are able to demonstrate accountability. They show how much was raised, how it was spent, and whether spending was in compliance with the budget. State Authority All the powers not set f...

CGFM Study Guide Exam 2 Questions and Answers

CGFM Study Exam 1 (rated A+) correctly answered 2023 Federalism - correct answer 1. Power is distributed among different lvls of Gov't 2. A legal relationship with power distributed among different levels of gov't 3. No lvl of gov't has complete authority over all areas of public policy 4. Results in no centralized system of gov't in US Complex relationships between the Federal, State, and Local Gov'ts, distributed authorities, rather than a centralized command and control system is...

Non-Spendable Fund Balance - Answer-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 longterm receivables. Examples: Supplies, inventory, membership fees Restricted Fund Balance - Answer-Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors o...

Non-Spendable Fund Balance - Answer-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 longterm receivables. Examples: Supplies, inventory, membership fees Restricted Fund Balance - Answer-Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors o...

CGFM EXAM 2 Study Exam Questions with 100% Correct Answers

CGFM EXAM 2 Study Exam Questions with 100% Correct Answers

CGFM Study Guide Exam 2 Questions and Answers

CGFM Study Guide Exam 2 Questions and Answers

CGFM EXAM 2 Study With Correct Solutions.