CGFO - FINANCIAL ADMINISTRATION NEWEST ACTUAL
2025/2026 EXAM WITH COMPLETE QUESTIONS WITH
ANSWERS.VERIFED/GRADED A+
Define Database - ----Answers---A comprehensive collection
of related data organized for convenient access, generally in a
computer.
Define a firewall. - ----Answers---An integrated collection of
security measures designed to prevent unauthorized
electronic access to a networked computer system.
Define interface. - ----Answers---Equipment or programs
designed to communicate information from one system of
computing devices or programs to another.
Define integration. - ----Answers---Combining or
coordinating separate elements so as to provide a
harmonious, interrelated whole.
Define Integrated systems - ----Answers---Customer located
in one address file only.
Define ERP System - ----Answers---Provides improved
enterprise-wide decision support and operational efficiency
through information integration and process improvement.
,Define Best of Breed - ----Answers---Stand alone
applications that interface to other applications to share info
Define ASP - ----Answers---Active Server Pages - Tools
used to create webpages and web technology.
What are three advantages of cloud computing? - ----
Answers---Can accommodate extra workloads
Different size customers can use same software
A la carte software use
What are the disadvantages of cloud computing? - ----
Answers---loss of control on data and systems
Downtime/outages
Define Software as a Service - ----Answers---Cloud
computing providers deliver the entire application to the end
user, relieving the government of all the hardware and
software maintenance.
What are the advantages of open source software? - ----
Answers---It's free
It's technology neutral
Price based on volume of use
Web-based
Form of cloud computing
,What should decision makers assess before making changes
to software and hardware? - ----Answers---See if software
has been upgraded
Are software applications functional?
Are business practices outdated?
Define a grant. - ----Answers---A payment in cash or in kind
made to provide assistance for a specified purpose, the
acceptance of which creates a legal duty on the part of the
grantee to use the funds or property made available in
accordance with the conditions of the grant.
Who typically authorizes and appropriates a grant? - ----
Answers---A legislative body.
Who gives the largest number of grants and largest amounts -
----Answers---Federal government
What is the CFDA? - ----Answers---Catalog of Federal
Domestic Assistance number issued for Federal grants.
What is the CSFA? - ----Answers---Catalog of State Financial
Assistance number issued for State grants.
Other than Federal and State, who else issues grants? - ----
Answers---Foundations
, Corporations
Quasi-Governmental Agencies
Local Governments
Do other grant issuers have a CFDA or CSFA number? - ----
Answers---No.
Pass through grants - ----Answers---Grants that a
government must transfer to, or spend on behalf of, a
secondary recipient.
Generally have a CFDA or CSFA numbers.
Cognizant Agency - ----Answers---The Federal agency which
(on behalf of all Federal agencies) is responsible for:
reviewing, negotiating, and approving cost allocation plans,
indirect cost rate and
similar rates; monitoring non-Federal audit reports;
conducting Federal audits as necessary; and resolving cross-
cutting audit findings.
Provide greatest amount of direct funding to grantee.
Have greatest responsibility for oversight of grantee.
Negotiate indirect cost rates with grantee.
What are five types of grants? - ----Answers---Block Grants
Competitive (Discretionary) Grants
Conditional Grants
2025/2026 EXAM WITH COMPLETE QUESTIONS WITH
ANSWERS.VERIFED/GRADED A+
Define Database - ----Answers---A comprehensive collection
of related data organized for convenient access, generally in a
computer.
Define a firewall. - ----Answers---An integrated collection of
security measures designed to prevent unauthorized
electronic access to a networked computer system.
Define interface. - ----Answers---Equipment or programs
designed to communicate information from one system of
computing devices or programs to another.
Define integration. - ----Answers---Combining or
coordinating separate elements so as to provide a
harmonious, interrelated whole.
Define Integrated systems - ----Answers---Customer located
in one address file only.
Define ERP System - ----Answers---Provides improved
enterprise-wide decision support and operational efficiency
through information integration and process improvement.
,Define Best of Breed - ----Answers---Stand alone
applications that interface to other applications to share info
Define ASP - ----Answers---Active Server Pages - Tools
used to create webpages and web technology.
What are three advantages of cloud computing? - ----
Answers---Can accommodate extra workloads
Different size customers can use same software
A la carte software use
What are the disadvantages of cloud computing? - ----
Answers---loss of control on data and systems
Downtime/outages
Define Software as a Service - ----Answers---Cloud
computing providers deliver the entire application to the end
user, relieving the government of all the hardware and
software maintenance.
What are the advantages of open source software? - ----
Answers---It's free
It's technology neutral
Price based on volume of use
Web-based
Form of cloud computing
,What should decision makers assess before making changes
to software and hardware? - ----Answers---See if software
has been upgraded
Are software applications functional?
Are business practices outdated?
Define a grant. - ----Answers---A payment in cash or in kind
made to provide assistance for a specified purpose, the
acceptance of which creates a legal duty on the part of the
grantee to use the funds or property made available in
accordance with the conditions of the grant.
Who typically authorizes and appropriates a grant? - ----
Answers---A legislative body.
Who gives the largest number of grants and largest amounts -
----Answers---Federal government
What is the CFDA? - ----Answers---Catalog of Federal
Domestic Assistance number issued for Federal grants.
What is the CSFA? - ----Answers---Catalog of State Financial
Assistance number issued for State grants.
Other than Federal and State, who else issues grants? - ----
Answers---Foundations
, Corporations
Quasi-Governmental Agencies
Local Governments
Do other grant issuers have a CFDA or CSFA number? - ----
Answers---No.
Pass through grants - ----Answers---Grants that a
government must transfer to, or spend on behalf of, a
secondary recipient.
Generally have a CFDA or CSFA numbers.
Cognizant Agency - ----Answers---The Federal agency which
(on behalf of all Federal agencies) is responsible for:
reviewing, negotiating, and approving cost allocation plans,
indirect cost rate and
similar rates; monitoring non-Federal audit reports;
conducting Federal audits as necessary; and resolving cross-
cutting audit findings.
Provide greatest amount of direct funding to grantee.
Have greatest responsibility for oversight of grantee.
Negotiate indirect cost rates with grantee.
What are five types of grants? - ----Answers---Block Grants
Competitive (Discretionary) Grants
Conditional Grants
