Cgfm exam 1 2023 - Study guides, Class notes & Summaries

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CGFM - Exam 1: Government Environment question with complete solution 2023
  • CGFM - Exam 1: Government Environment question with complete solution 2023

  • Exam (elaborations) • 26 pages • 2023
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  • CGFM - Exam 1: Government Environment question with complete solution 2023 Government Sovereignty - correct answer Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority - correct answer Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels - correct answer 1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinc...
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CGFM Exam 2 - Section II Accounting and Reporting for State and Local Governments 2023/2024
  • CGFM Exam 2 - Section II Accounting and Reporting for State and Local Governments 2023/2024

  • Exam (elaborations) • 8 pages • 2023
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  • CGFM Exam 2 - Section II Accounting and Reporting for State and Local Governments 2023/2024 The reporting model for state and local governments focuses only on fiscal accountability. True or false? - ANSWER-False. The reporting model focuses on both fiscal accountability, through fund-level reporting, and operational accountability, through government-wide reporting. Describe how financial reporting can assist in fulfilling government's duty to be publicly accountable. - ANSWER-Financia...
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CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024
  • CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024

  • Exam (elaborations) • 6 pages • 2023
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  • CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024 Audit definition - ANSWER-an independent, systematic, objective and unbiased assessment that provides answers to a set of questions. "Material" meaning - ANSWER-use "material" in the context of whether reasonable people would consider that an omission or misstatement would have changed their opinions regarding the auditor's conclusions. Which Agency issued the Generally Accepted Auditing Standards...
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CGFM Exam 1(Exam 1 Government Environment I-VII)2023
  • CGFM Exam 1(Exam 1 Government Environment I-VII)2023

  • Exam (elaborations) • 15 pages • 2023
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  • CGFM Exam 1(Exam 1 Government Environment I-VII)2023
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CGFM Exam 1 Question and answers 2023 verified to pass
  • CGFM Exam 1 Question and answers 2023 verified to pass

  • Exam (elaborations) • 3 pages • 2023
  • CGFM Exam 1 Question and answers 2023 verified to pass
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CGFM Exam 1- Study Guide questions and answers 2023 verified
  • CGFM Exam 1- Study Guide questions and answers 2023 verified

  • Exam (elaborations) • 78 pages • 2023
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  • 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 FASAB Federal Accounting Standards Advisory Board FASB Financial Accounting Standards Board FSIO Financial Systems Integration Office (within GSA) GAAP Generally Accept...
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CGFM exam 3: Section 3, Chapter 1 - Internal Controls questions & answers 2023/2024
  • CGFM exam 3: Section 3, Chapter 1 - Internal Controls questions & answers 2023/2024

  • Exam (elaborations) • 2 pages • 2023
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  • CGFM exam 3: Section 3, Chapter 1 - Internal Controls questions & answers 2023/2024
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CGFM Exam 3: Section 5, Chapter 1 - What is an Audit?2023 verified to pass
  • CGFM Exam 3: Section 5, Chapter 1 - What is an Audit?2023 verified to pass

  • Exam (elaborations) • 6 pages • 2023
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  • CGFM Exam 3: Section 5, Chapter 1 - What is an Audit?2023 verified to passAudit definition - correct answer an independent, systematic, objective and unbiased assessment that provides answers to a set of questions. "Material" meaning - correct answer use "material" in the context of whether reasonable people would consider that an omission or misstatement would have changed their opinions regarding the auditor's conclusions. Which Agency issued the Generally Accepted Auditing Standard...
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