Cgfm exam 3 study guide - Study guides, Class notes & Summaries

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CGFM Exam 3 Study Guide Questions and Answers Graded A 2024
  • CGFM Exam 3 Study Guide Questions and Answers Graded A 2024

  • Exam (elaborations) • 28 pages • 2024
  • 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 ...
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CGFM Exam: Section 1, Chapter 1 Questions and Answers Already Passed
  • CGFM Exam: Section 1, Chapter 1 Questions and Answers Already Passed

  • Exam (elaborations) • 8 pages • 2023
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  • 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...
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