Printable PDFTest Prep CGFM dumps - 100% Pass Guarantee!
Vendor: Test Prep
Certifications: Test Prep Certifications
Exam Name: Certified Government Financial Manager
Exam Code: CGFM
Total Questions: 203 Q&As ( View Details)
Last Updated: Apr 21, 2024
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CGFM Q&A's Detail
| Exam Code: | CGFM |
| Total Questions: | 203 |
| Single & Multiple Choice | 203 |
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CGFM Online Practice Questions and Answers
Small local governments and nonprofits use a third accounting basis, the cash basis, unapproved by GAAP. Cash accounting is used because ____________ accounting, though more accurate, is more complex and costly.
A. Deferral
B. Accrual
C. Modified
D. Both B and C
Governments have three principal options for selecting a bank. Which one of the following is the best out of those options?
A. They may handle different funds or accounts.
B. They can rotate their business among several banks in the community
C. Should select banking services competitively with a request for proposals (RFP)
D. None of these
The financial adviser gives advice regarding the financial feasibility of a bond. Thus, the financial adviser's fee should not be contingent on a bond's sale because of:
A. The potential conflict of interest
B. The nonequilibrium of market prices
C. Unavailability of large local units
D. None of these
"Don't risk a lot for a little." This principle should be followed during:
A. Charging losses
B. Using insurance deductibles
C. Small and infrequent losses
D. Assumption of risk
Like revenue bonds, ___________ bonds finance projects that are secured by revenue. Most of these bonds do not require voter approval, nor are they subject the Go cap.
A. Revenue bonds
B. term financed bonds
C. Tax-exempt bonds
D. so bonds (special obligation bonds)
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