Gfoa - Study guides, Class notes & Summaries

GFOA CPFO CAPITAL AND OPERATING BUDGETING EXAM QUESTIONS AND VERIFIED ANSWERS....

GFOA CPFO EXAM PREP QUESTIONS AND ANSWERS....

GFOA CPFO Capital And Operating Budgeting Exam Correct Answers Latest Version 2024

Capital Project Service-Level Goals - The means by which a local government can illustrate to its citizens what level of service can be provided with available resources. Capital Project Service-Level Goals - The means by which a local government can illustrate to its citizens what level of service can be provided with available resources. Needs Assessment - This should address any gaps in service delivery and form the basis for a capital projects request. Needs Assessment - This should ad...

GFOA CPFO PROCUREMENT TEST QUESTIONS AND ANSWERS...

CPFO Operating and Capital Budgeting Sample Exam(Sample Examination Questions from the GFOA)Answered 2023

GFOA Accounting & Financial Reporting Exam Practice Questions and Answers what is a 7 person body of accounting professionals, is primary source of such standards, interpretations, and technical bulletins for state and local governments? - ANSWERGovernmental Accounting Standards Board (GASB) when was GASB created? - ANSWER1984 Which gasb principle requires that accounts be maintained on GAAP basis and demonstrate compliance with finance-related legal requirements? - ANSWERPrinciple 1 whi...

Intergenerational Equity - Correct Answer-Balancing the needs of the young and old. Specifically, often referred to as the idea that U.S. government entitlements, such as Medicare and Social Security, "over-benefit" the elderly at the expense of other age groups. Key variable for length of time bonds are issued - Correct Answer-Life of asset financed Factors for revenue bond limits - Correct Answer-Ability and willingness to raise rates and to maintain market accepted debt service covera...

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 and legislative braches, establishes political o...

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 and legislative braches, establishes political o...