Cgfm exam 4 - Study guides, Class notes & Summaries

CGFM Exam 2, Section 3 - Chapter 2: Federal Budgetary Accounting(rated A)PASSED Exec Branch central financial management agencies - correct answer (1) OMB and (2) the Dept of Treasury OMB - correct answer OMB's predominant mission is to assist the president in overseeing the preparation of the federal budget and to supervise its administration by the executive branch agencies. OMB provides guidance in what forms? - correct answer Mainly with Circulars and Bulletins, but also with Memoran...

CGFM Exam 3 Section 1, Chapter 4 - Acquisition management

CGFM Exam Section 4 - Government Financing Process

CGFM Exam 3 Section 1, Chapter 4 - Acquisition management

CGFM Exam #2 - Governmental Accounting correctly answered 2023Reasons Governments are not Run Like Businesses 1) Goals and objectives differ considerably from those in the private sector. 2) Exists to provide services, not gain profits. 3) Goals and objectives are sometimes established with input from the public. 4) Resources are derived primarily from taxes; there are no shareholders. 5) No single measure of success; can't use increasing market share, earnings per share, or the fact that ...

CGFM Exam #2 - Governmental Accounting Question and answers correctly solved 2023 Reasons Governments are not Run Like Businesses - correct answer 1) Goals and objectives differ considerably from those in the private sector. 2) Exists to provide services, not gain profits. 3) Goals and objectives are sometimes established with input from the public. 4) Resources are derived primarily from taxes; there are no shareholders. 5) No single measure of success; can't use increasing market sh...

CGFM Exam 1 Question and answers correctly solved 2023 what action results in the govt becoming the collector of a guaranteed loan? A government agency becomes a collector of a guaranteed loan if the borrower fails to make payments on the loan to the lending institution. In these cases, the gov 2) capacity - ability to pay 3) collateral - property that secures the loan 4) capital - financial interest the borrower has in the loan. treatment of aged debt - correct answer - debt that i...

CGFM Exam 2 Question and answers correctly solved 2023 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? - correct answer Correct Answer: $133.50 I 2.In financial reporting, consistency of communi...

CGFM Exam Section 4 - Government Financing Process

CGFM Exam Section 4 - Government Financing Process