Cgfm - Study guides, Class notes & Summaries
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CGFM Exam 1- Study Guide | 833 Questions and Answers 100% Correct | Updated 2024
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CGFM Exam 1- Study Guide | 833 Questions and Answers 100% Correct | Updated 2024
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CGFM - Exam 1: Government Environment questions with correct answers
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CGFM - Exam 1: Government Environment questions with correct answers
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CGFM TEST 3 exam 2022/2023 with 100% correct answers
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Three Broad Government Spending Purposes 
1) Current Operations 
2) Capital Outlays 
3) Debt Service 
 
 
 
Present 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 Procedures Act of 1950 
Requires the head of each federal agency to establish and maintain I/C's. 
 
 
 
Federal Managers Financial Integrity Act o...
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CGFM EXAM 2 Study questions with correct answers
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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...
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CGFM EXAM 2 2022/2023 with 100% correct answers
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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 granting agenc...
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CGFM BUNDLED EXAMS 2 2022/2023 with 100% correct answers
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CGFM EXAM 2 2022/2023 with 100% correct answers
CGFM Exam 3 - Financial Management Functions exam 2022/2023
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CGFM EXAM 1 2024 WITH 100% CORRECT ANSWERS
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CGFM EXAM 1 2024 WITH 100% CORRECT ANSWERS 
 
 
Federalism - correct answer Power is distributed among different levels of government, no one level has complete authority 
 
Sovereignty - correct answer National government cant be sued by states or citizens without its permission 
 
Popular Sovereignty - correct answer Citizens hold ultimate authority through the ballot; even a sovereign government is accountable to citizens 
 
Primary Purpose of Government - correct answer Provide services to i...
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CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!
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CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!
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CGFM TEST 1 EXAM 2024 WITH 100% CORRECT ANSWERS
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CGFM TEST 1 EXAM 2024 WITH 100% CORRECT ANSWERS 
 
Compare and contrast the concepts of "government sovereignty" and "popular sovereignty" - correct answer Gov sov means the national gov can't be sued by states or citizens without its permission. Pop sov means citizens hold ultimate authority through the ballot and is accountable to citizens. 
 
What is the implication of the "reserved clause" in the 10th ammendment? - correct answer Powers not delegated to the nat gov, nor prohibited to ...
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CGFM TEST 3 Questions And Answers With Verified Study Solutions
- Exam (elaborations) • 45 pages • 2024
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CGFM TEST 3 Questions And Answers With Verified Study Solutions 
 
CGFM TEST 3 Questions And Answers With Verified Study Solutions
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