Cpfo - Study guides, Class notes & Summaries

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 service can be provided with available resources. Needs Assessment - This should address any gaps in service delivery and form the basis for a capital projects request. Needs Assessment - This should ad...

CPFO RISK ASSESSMENT PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS Risk Treatment is: - correct answer After identifying and evaluating risk exposures, the next step is to decide how best to manage the exposures. Risk Identification is: - correct answer An essential component in identifying risk by understanding the sources, types, and likelihood of risk. Specification of Objectives, Identification of Risks, Alertness to Potential Fraud, and Identification and Assessment of Change...

CPFO Examination- Pensions schemes Exam Questions and Answers Investment Policy Functions - Correct Answer-1. Statement of goals 2. Articulating the investment philosophy and risk tolerance 3. Demonstrates due diligence b/c the system follows a prudent set of procedures 4. Established internal controls 5. Provides guidance to staff and third parties 6. Risk management tool

CPFO Operating and Capital Budgeting Sample Exam(Sample Examination Questions from the

Intergenerational Equity - Correct Answer-Balancing the needs of the young and old. Specifically, often referred to as the idea that U.S. government entitlements, such as Medicare and Social Security, "over-benefit" the elderly at the expense of other age groups. Key variable for length of time bonds are issued - Correct Answer-Life of asset financed Factors for revenue bond limits - Correct Answer-Ability and willingness to raise rates and to maintain market accepted debt service covera...

CPFO Exam - Risk, Benefits, Procurement Questions and Answers Already Graded A+

CPFO Exam Risk, Benefits, Procurement Questions and Answers.

CPFO Operating and Capital Budgeting Sample Exam Questions and Answers

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 linkages to broad organizational goals d) All of the above - Answer d) All of the above Which of the following is a true statement regarding the advantages of line-item budgeting? a) It obscures tradeoff...

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 financial loss; 3 to provide budgetary stability What are the benefits of a risk management program? - 1 allows for more effective use of govt funds (than to buy insurance, property replacement, paying liab...