Cgfm exam 2 study - Study guides, Class notes & Summaries

CGFM EXAM 2 Study Exam Questions with 100% Correct Answers

CGFM Exam Study Guide 2 with Questions and Answers| 100% Passed

CGFM EXAM 2 Study Exam Questions with 100% Correct Answers

CGFM EXAM 2 Study Question and answers rated A+ 2023 Non-Spendable Fund Balance - correct 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 - correct answer Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints impos...

Non-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 Restricted Fund Balance - ️️Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors or gran...

CGFM Study Guide Exam 2 Questions and Answers

Reasons Governments are not Run Like Businesses CORRECT ANSWER 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 from the public. 4) Resources are derived primarily from taxes; there are no shareholders. 5) No single measure of success; can't use increasing market share, earnings per share, or the fact that it is still in business like private sector corp...