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

Non-Spendable Fund Balance - Correct answer-Assets not in spendable formInventories 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 imposed by legislation or federal and state agencies, creditors, c...

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 imposed by legislation or federal and state agencies, creditors, contri...

CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!

CGFM CERTIFIED GOVERNMENT FINANCIAL MANAGER EXAM 2 UPDATED QUESTIONS WITH VERIFIED ANSWERS 2024 CGFM CERTIFIED GOVERNMENT FINANCIAL MANAGER EXAM 2 UPDATED QUESTIONS WITH VERIFIED ANSWERS 2024 CGFM CERTIFIED GOVERNMENT FINANCIAL MANAGER EXAM 2 UPDATED QUESTIONS WITH VERIFIED ANSWERS 2024 CGFM CERTIFIED GOVERNMENT FINANCIAL MANAGER EXAM 2 UPDATED QUESTIONS WITH VERIFIED ANSWERS 2024 CGFM CERTIFIED GOVERNMENT FINANCIAL MANAGER EXAM 2 UPDATED QUESTIONS WITH VERIFIED ANSWERS 2024 CGFM CERTIFIED GOVER...

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CGFM Exam 2 - Governmental Accounting Questions and Answers 100% Correct | Updated 2024

CGFM Exam 2 - Section 1, Questions & Answers/ Taxes - -Resources for gov are derived primarily from Grants and shared revenues - -Gobs receive revenue from other levels of gov through Budget - -Primary control device in gov Financial reporting - -Primary mechanism to demonstrate accountability Financial reports - -Shows how much was raised, how it was spent, and whether spending followed the budget Performance reports - -Inform users how well gov is operating and whether it is achievin...

CGFM EXAM 2 Study questions with complete solution

CGFM TEST 2 EXAM/221 QUESTIONS AND ANSWERS