Bundle for CGFM correctly answered 2023 verified

CGFM Exam 1 ALL questions with complete solutions 2023doctrine of separation of powers provides a foundation for government financial management govt entity can be classed as general or special purpose US constitution written 1787 Most school district in US Independent Distr...

CGFM TEST 2 questions with complete solutions rated A+ PassedGovernments exist to provide services no profit motive, no single measure of success Primary funding source = taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Bud...

CGFM Exam 1- Study Guide questions and answers 2023 verified AGA Association of Government Accountants CEAR Certificate of Excellence in Accountability Reporting CFO Chief Financial Officer CGFM Certified Government Financial Manager ERP Enterprise Resource Planning ...

CGFM III questions with complete solutions 2023Cash Management Improvement Act 1990 Improve the transfer of federal funds 31 CFR Part 208 Management of Federal Agency Disbursements Requires EFT payments Cash Management 1) mutually beneficial relationships with banks 2) collecting a...

CGFM TEST 3 questions with complete solutions 2023Present 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 Proced...

CGFM Exam #2 - Governmental Accounting correctly answered 2023Reasons Governments are not Run Like Businesses 1) Goals and objectives differ considerably from those in the private sector. 2) Exists to provide services, not gain profits. 3) Goals and objectives are sometimes established with input...

CGFM EXAM 2 Study with complete solutions 2023Non-Spendable Fund Balance 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 Restri...

CGFM Test 3 questions & answers 2023 verified A-76 Directive issued by OMB that establishes federal policy for the competition of commercial activities Abuse behavior that is deficient or improper when compared with behavior that a prudent person would consider reasonable and necessary busi...

CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Correct answers 2023Audit definition an independent, systematic, objective and unbiased assessment that provides answers to a set of questions. "Material" meaning use "material" in the context of whether reasonable people would consi...

CGFM Exam 2 - Section 2, Chapter 2 - Fund Accounting and Reporting correctly answeredGASB Codification Section 1300 Establish the foundational accounting and reporting standards for state and local FUNDS Fund Funds are fiscal and accounting entities that are segregated for the purpose of ca...