Cgfm test 3 - Study guides, Class notes & Summaries

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 maintain I/C's. Federal Managers Financial Integ...

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 Integrity Act o...

CGFM TEST 3 Questions And Answers With Verified Study Solutions CGFM TEST 3 Questions And Answers With Verified Study Solutions

CGFM TEST 3 - Questions & Verified Answers

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

CGFM TEST 3 Questions and Answers (Latest Update 2024)

Budget Accounting and Procedures Act of 1950 correct answers Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Integrity Act of 1982 (FMFIA) correct answers requires the head of each agency to evaluate internal controls on an annual basis, reporting any weakness along with a corrective action plan ** (resulted in the "green book") ** Single Audit Act of 1984 (amended in 1996) correct answers requires the audit of state and local govern...

CGFM Test 3 Questions And Answers With Verified Study Solutions CGFM Test 3 Questions And Answers With Verified Study Solutions

CGFM TEST 3 | 129 Questions and Answers 100% Correct | Updated 2024

CGFM Test 3 – Questions & Accurate Answers