CGFM Study guides, Class notes & Summaries

CGFM TEST 2 EXAM/221 QUESTIONS AND ANSWERS

CGFM TEST 3 EXAM/230 QUESTIONS AND ANSWERS/100% CORRECT

CGFM Exam 1- Study Guide – 833 Questions and Answers/A+ Graded

CGFM TEST 3 QUESTIONS & ANSWERS 2023/2024 Three Broad Government Spending Purposes - ANSWER-1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - ANSWER-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 - ANSWER-Requires the head of each federal agency to establish and mai...

CGFM Exam 1/244 Questions with Answers

CGFM Exam: Section 1, Chapter 1 Exam/39 Questions and Answers

Governments exist to provide services - correct answerno profit motive, no single measure of success Primary funding source = - correct answertaxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - correct answerprimary control device in government US Constitution provides two levels of government - correct answerFederal and State State consitituions similar in that each defines the excutive and legislative brac...

doctrine of separation of powers provides a foundation for - correct answergovernment financial management govt entity can be classed as - correct answergeneral or special purpose US constitution written - correct answer1787 Most school district in US - correct answerIndependent District Role of federal CFO - correct answercodified in the Chief Financial Officer act of 1990 telework - correct answerworking from home or other remote location Anti-fraud policies - correct answera...

CGFM - Exam 1: Government Environment Questions And Answers (Definitions and theories relating to the organization and structure of government.)

Three Broad Government Spending Purposes - correct answer1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - correct answerDetermines 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 - correct answerRequires the head of each federal agency to establish and maintain I/C's. Federal M...