Cgfm 2023 - Study guides, Class notes & Summaries

CGFM Part 2 - Comprehensive Review Latest 2023 Graded A+ GASB | Financial Statement Components 1. Auditor's Report 2. MD&A 3. Basic Financial Statements - Government-Wide Financials (Icing) - Fund Financials (Layers) - Notes (Filling that holds the layers together) 4. RSI 5. Combining Statements & Individual Fund Statements GASB | Statistical Section Components 1. Financial Trends 2. Revenue Capacity 3. Debt Capacity 4. Demographics and Economics 5. Operations Examples of Direct Costs - Salar...

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...

CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NE...

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...

CGFM Test 3 Latest 2023 Graded A+ A-76 Directive issued by OMB that establishes federal policy for the competition of commercial activities Abuse behavior that is deficient or improper when compared with behavior that a prudent person would consider reasonable and necessary business practice given the facts and circumstances Account cleanup process of researching, analyzing and evaluating old accounts in an accounting system to determine if they should be terminated or continued, and terminati...

CGFM Exam 1- Study Guide (2023/2024) Already Graded A 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 Accepted Accounting Principles GAO Government Accountibility Office ...

CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NEW!! NEW!!!CGFM Exam 1 2023 Updated ALL Questions With Correct Solutions 100% Rated Topscore Pass!!! NE...