Cgfm test 1 - Study guides, Class notes & Summaries
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CGFM TEST 2
- Exam (elaborations) • 45 pages • 2024
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CGFM TEST 2 
Governments exist to provide services - ANSWER-no profit motive, no single 
measure of success 
Primary funding source = - ANSWER-taxes (involuntary payments, because 
there is no ability to match services to those who provide the resource) 
Budget process = - ANSWER-primary control device in government 
US Constitution provides two levels of government - ANSWER-Federal and State 
State constitutions are similar in that each defines the executive and legislative 
branches, establish...
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CGFM Test 1 Terms exam 2022/2023 with 100% correct answers
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AFR 
Agency Financial Report 
 
 
 
AGA 
Association of Government Accountants 
 
 
 
BFELoB 
Budget Formulation and Execution Line of Business 
 
 
 
CAFR 
Comprehensive Annual Financial Report 
 
 
 
CEAR 
Certificate of Excellence in Accountability Reporting 
 
 
 
CFO 
Chief Financial Officer 
 
 
 
CGFM 
Certified Government Financial Manager 
 
 
 
ERP 
Enterprise Resource Planning 
 
 
 
FASAB 
Federal Accounting Standards Advisory Board 
 
 
 
FASB 
Financial Accounting Standards Board 
...
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package deal of CDFM Correctly Answered|2024.
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Exam (elaborations)
CGFM - Exam 1: Government Environment Study Guide Exam With Complete Answers All Correct|2024.

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CEFM Practice Test With Practical Answers 100% Verified Guaranteed Success|2024.

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CDFM Fiscal Law Questions And Detailed Answers Guaranteed For Success|2024.

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Exam (elaborations)
CDFM Mo
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CGFM BUNDLED EXAMS QUESTIONS WITH VERIFIED ANSWERS
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CGFM - Exam 1: Government Environment Answered Correctly!!

CGFM Exam 1 ALL Questions And Answers Correct!
CGFM TEST 2 ANSWERED CORRECTLY!!

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CGFM TEST 2 | 221 Complete Questions and Answers 100% Correct | Updated 2024
- Exam (elaborations) • 64 pages • 2024
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CGFM TEST 2 | 221 Complete Questions and Answers 100% Correct | Updated 2024
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CGFM TEST 2 QUESTIONS AND ANSWERS ALREADY GRADED A
- Exam (elaborations) • 81 pages • 2023
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CGFM TEST 2 QUESTIONS AND ANSWERS ALREADY GRADED A 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 provide the resource) 
Budget process = primary control device in government 
US Constitution provides two levels of government Federal and State 
State consitituions similar in that each defines the excutive and legislative braches, establishes poli...
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CGFM TEST 3 QUESTIONS & ANSWERS 2023/2024
- Exam (elaborations) • 45 pages • 2023
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CGFM TEST 3 QUESTIONS & ANSWERS 2023/2024 
 
 
Three Broad Government Spending Purposes - ANSWER-1) Current Operations 
2) Capital Outlays 
3) Debt Service 
 
Present Value Analysis - Three Components - ANSWER-Determines what $$ Rec'd in Future is Worth Today 
 
1) inflation component - year over year loss in value 
2) enterprise component - inherent risk 
3) unique component - 
 
Budget Accounting and Procedures Act of 1950 - ANSWER-Requires the head of each federal agency to establish and mai...
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CGFM TEST 3 QUESTIONS AND ANSWERS GRADED A
- Exam (elaborations) • 73 pages • 2023
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CGFM TEST 3 QUESTIONS AND ANSWERS GRADED A 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 - inherent risk 3) unique component - 
Budget Accounting and Procedures Act of 1950 Requires the head of each federal agency to establish and maintain I/C's. 
Federal Managers Financial...
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CGFM TEST 2 QUESTIONS & ANSWERS 2023/2024
- Exam (elaborations) • 49 pages • 2023
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CGFM TEST 2 QUESTIONS & ANSWERS 2023/2024 
 
 
Governments exist to provide services - ANSWER-no profit motive, no single measure of success 
 
Primary funding source = - ANSWER-taxes (involuntary payments, because there is no ability to match services to those who provide the resource) 
 
Budget process = - ANSWER-primary control device in government 
 
US Constitution provides two levels of government - ANSWER-Federal and State 
 
State consitituions similar in that each defines the excutive a...
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CGFM - Exam 1: Government Environment Questions and Answers Graded A+
- Exam (elaborations) • 44 pages • 2023
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CGFM - Exam 1: Government Environment Questions and Answers Graded A+ Government Sovereignty Nat'l government can't be sued by states or by citizens w/out its permission. 
Government Authority Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 
3 Levels 1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coordinate their efforts. 
3 Branches 1) Legisla...
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