CGFM TEST BUNDLE

CGFM Exam 1- Study Guide AGA - ANSWER-Association of Government Accountants CEAR - ANSWER-Certificate of Excellence in Accountability Reporting CFO - ANSWER-Chief Financial Officer CGFM - ANSWER-Certified Government Financial Manager ERP - ANSWER-Enterprise Resource Planning FASAB - ANSWER-Fed...

CGFM Exam 1 - Exam 1 Government Environment I-VII

CGFM Test 1 Accountability - ANSWER-Principle that, in a democracy, the government operates by the consent of the people. Therefore, it is responsible to, and must answer to, the people for its actions and results, including the taking and using of the people's resources Allotment - ANSWER-In ...

CGFM Exam 3 - Financial Management Functions (Cash, Investment, Credit, Acquisition, Property and Inventory Management )

CGFM Test 3 A-76 - ANSWER-Directive issued by OMB that establishes federal policy for the competition of commercial activities Abuse - ANSWER-behavior that is deficient or improper when compared with behavior that a prudent person would consider reasonable and necessary business practice given ...

CGFM TEST 3 QUESTIONS AND ANSWERS

CGFM EXAM 2 Study Non-Spendable Fund Balance - ANSWER-Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, membership fees Restricted Fund Balance - AN...

CGFM Exam 2 - Section II Accounting and Reporting for State and Local Governments

CGFM Part 2 - Comprehensive Review

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 dev...

CGFM Exam 2 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 wa...

CGFM - Exam 1: Government Environment

CGFM Exam 1 Federalism - ANSWER-Power is distributed among different levels of government, no one level has complete authority Sovereignty - ANSWER-National government cant be sued by states or citizens without its permission Popular Sovereignty - ANSWER-Citizens hold ultimate authority through...