LATEST CGFM TEST PREP, CGFM RELIABLE TEST ANSWERS

Latest CGFM Test Prep, CGFM Reliable Test Answers

Latest CGFM Test Prep, CGFM Reliable Test Answers

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Tags: Latest CGFM Test Prep, CGFM Reliable Test Answers, CGFM Reliable Exam Pass4sure, CGFM Free Exam, CGFM Certification Dumps

Maybe you are busy with your work and family, and do not have enough time for preparation of CGFM certification. Now, the AGA CGFM useful study guide is specially recommended to you. The CGFM questions & answers are selected and checked with a large number of data analysis by our experienced IT experts. So the contents of UpdateDumps CGFM Pdf Dumps are very easy to understand. You can pass with little time and energy investment.

The CGFM certification exam is a valuable credential for financial professionals in the government sector. It provides individuals with the opportunity to enhance their skills and knowledge in the field, and to demonstrate their commitment to excellence and credibility. If you are a financial professional in the government sector, pursuing the CGFM Certification can be a significant step towards advancing your career and achieving your professional goals.

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CGFM Reliable Test Answers, CGFM Reliable Exam Pass4sure

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The Certified Government Financial Manager (CGFM) certification exam is designed for professionals working in government financial management. Certified Government Financial Manager (CGFM) certification program is offered by the Association of Government Accountants (AGA), which is a professional organization dedicated to advancing the government financial management profession.

AGA Certified Government Financial Manager (CGFM) Sample Questions (Q111-Q116):

NEW QUESTION # 111
Governments and Non-profits can invest 100% of their available funds by using:

  • A. All of these
  • B. A bank's Zero balance account (ZBA)
  • C. OTC market investments
  • D. Mutual Funds Agencies

Answer: B


NEW QUESTION # 112
Eleven different types of funds, issued by Government Authorities, are classified into three major groups.
Which one of the following statements represents those three groups?

  • A. Governmental, Fixed, Temporary
  • B. Governmental, State/Provincial, Local
  • C. Governmental, Proprietary and Fiduciary
  • D. Yearly, Semi annually and Quarterly

Answer: C


NEW QUESTION # 113
A government borrows $20,000 for one year at a 10 percent interest rate. What will be the non-discounted loan?

  • A. 12%
  • B. 11%
  • C. None of these
  • D. 10%

Answer: D


NEW QUESTION # 114
The best source for annual liability and cash flow data is a state's

  • A. PAR.
  • B. statement of activities.
  • C. appropriations bill.
  • D. ACFR.

Answer: D

Explanation:
* Annual Comprehensive Financial Report (ACFR):
* TheACFR(formerly CAFR) is the primary source for a state's annual financial information, including liability and cash flow data.
* It provides comprehensive financial statements, including the balance sheet, statement of activities, and cash flow statements.
* Explanation of Answer Choices:
* A. PAR: ThePerformance and Accountability Report (PAR)focuses on federal agencies and includes performance goals and achievements but lacks detailed liability and cash flow data for states.
* B. ACFR: Correct. The ACFR is the best source for detailed liability and cash flow data at the state level.
* C. Appropriations bill: Provides legislative authority for spending but does not include detailed financial data.
* D. Statement of activities: This is part of the ACFR but does not include all necessary cash flow or liability data.
References:
* Government Finance Officers Association (GFOA),Best Practices for ACFR Reporting.
* GASB,Annual Comprehensive Financial Report Guidance.


NEW QUESTION # 115
extends the limits of general liability, automotive liability. And
employers' liability, usually in $1 million blocks.

  • A. Excessive Liability
  • B. Police Professional Liability
  • C. Public Officials and Employment Practices Liability
  • D. Professional Liability

Answer: A


NEW QUESTION # 116
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