CPFO Exam Package Deal Graded A+

What is Risk? - The chance of loss. What is Operational Risk? - Risks encountered in the course of delivering government services. What is Speculative Risk? -Risks associated with investments. What is the goal of risk management? - 1 to create a safe workplace; 2 to prevent catastrophic financia...

reasury management - involves the management of cash from the time revenue is earned to the time an expenditure payment clears the bank All cash management decisions should be made with considerations of - legality, safety, liquidity, and yield Treasury management includes the systems and operat...

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 servi...

Which of the following is an essential feature of a good budget process, as defined by the National Advisory Council on State and Local Budgeting (NACSLB)? a) Focuses budget decisions on results and outcomes b) Involves and promotes effective communication with stakeholders c) Establishes linkag...

How many full-time public employees are covered by defined benefit plans? - Ninety-one percent How many full-time public employees are covered by defined contribution plans? - nine percent Prudent-Person Rule - Requires each retirement board member to perform his or her duties as a prudent person...

Ultimate responsibility for internal controls rests with. A. Management B. The governing board C. The external auditor D. The audit committee - B. The governing board. While management is primarily responsible for internal control, the governing body remains ultimately responsible for ensuring ...