PASS GUARANTEED CGFM - CERTIFIED GOVERNMENT FINANCIAL MANAGER (CGFM)–THE BEST RELIABLE EXAM PDF

Pass Guaranteed CGFM - Certified Government Financial Manager (CGFM)–The Best Reliable Exam Pdf

Pass Guaranteed CGFM - Certified Government Financial Manager (CGFM)–The Best Reliable Exam Pdf

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Tags: CGFM Reliable Exam Pdf, Certification CGFM Book Torrent, Dumps CGFM Cost, Exam CGFM Sample, CGFM Reliable Exam Questions

Achieving the AGA CGFM certificate is an excellent way of paying your way in the tech field. However, to become AGA CGFM certified, you will have to crack the AGA CGFM exam. This is a challenging task since preparation for the AGA CGFM Exam demands an inside-out understanding of CGFM domains and many AGA CGFM test applicants do not have enough time due to their busy routines.

AGA CGFM (Certified Government Financial Manager) Exam is a professional certification exam offered by the Association of Government Accountants (AGA). Certified Government Financial Manager (CGFM) certification is designed to recognize individuals who have a strong understanding of financial management in government organizations. The CGFM certification is recognized as a prestigious certification for financial managers in the public sector, and it is highly valued by employers in government agencies.

The Certified Government Financial Manager (CGFM) Exam is a nationally recognized certification for government finance professionals. The CGFM certification is awarded by the Association of Government Accountants (AGA), a nonprofit organization that provides support and resources to government financial professionals. The CGFM Certification is designed to recognize the unique skills and knowledge required for effective financial management in governmental organizations.

Passing the AGA CGFM Certification Exam demonstrates that an individual has mastered the knowledge and skills needed to excel in the field of government financial management. Certified Government Financial Manager (CGFM) certification provides a competitive advantage for job seekers and further enhances credibility for professionals already working in the field.

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Certification CGFM Book Torrent & Dumps CGFM Cost

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AGA Certified Government Financial Manager (CGFM) Sample Questions (Q81-Q86):

NEW QUESTION # 81
_____________ on the bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes.

  • A. Discount
  • B. Premium
  • C. None of these
  • D. Interest

Answer: D


NEW QUESTION # 82
An analyst has identified several variables that may be impacting state lottery ticket sales, including investments in advertising, potential pay-out amounts and the size of lottery cards. Which of the following techniques would help determine the extent to which each variable is impacting sales?

  • A. cost-benefit analysis
  • B. regression analysis
  • C. content analysis
  • D. narrative analysis

Answer: B

Explanation:
* Regression Analysis:
* Regression analysis is a statistical technique used to examine the relationships between a dependent variable (e.g., lottery ticket sales) and one or more independent variables (e.g., advertising, potential payouts, size of lottery cards).
* This method helps quantify the extent to which each variable impacts sales.
* Explanation of Answer Choices:
* A. Content analysis: Incorrect. This method is used to analyze qualitative data (e.g., text or media) rather than numerical relationships.
* B. Cost-benefit analysis: Incorrect. This technique evaluates the costs and benefits of a decision but does not identify the relationships between variables.
* C. Regression analysis: Correct. This technique determines the impact of multiple variables on a single outcome.
* D. Narrative analysis: Incorrect. This is used to analyze stories or qualitative information, not numerical data.
References:
* Association of Government Accountants (AGA),Data Analytics and Predictive Techniques in Government.
* U.S. Census Bureau,Statistical Techniques for Economic Analysis.


NEW QUESTION # 83
Small local governments and nonprofits use a third accounting basis, the cash basis, accounting, though unapproved by GAAP. Cash accounting is used because more accurate, is more complex and costly.

  • A. Modified
  • B. Both B & C
  • C. Deferral
  • D. Accrual

Answer: D


NEW QUESTION # 84
Which of the following statements from an audit finding is the condition?

  • A. Government policy requires a cardholder to submit receipts for all purchases.
  • B. We recommend that the government implements a timely review of all credit card purchases.
  • C. Finance Department personnel did not regularly review purchases to ensure compliance.
  • D. We identified multiple credit card purchases without receipts to support them.

Answer: D

Explanation:
* Definition of the Condition in an Audit Finding:
* The "condition" describes the actual state observed during the audit. It highlights what occurred in practice, serving as the factual basis for the finding.
* In this case, the condition is theabsence of receiptsfor multiple credit card purchases.
* Explanation of Answer Choices:
* A. We identified multiple credit card purchases without receipts to support them: Correct.
This is the observed issue (condition).
* B. Government policy requires a cardholder to submit receipts for all purchases: This is the
"criteria," which defines the standard or rule being audited against.
* C. Finance Department personnel did not regularly review purchases to ensure compliance:
This is the "cause," explaining why the condition occurred.
* D. We recommend that the government implements a timely review of all credit card purchases: This is the "recommendation," not the condition.
References:
* GAO,Government Auditing Standards (Yellow Book).
* AICPA,Elements of an Audit Finding Guidance.


NEW QUESTION # 85
Governmental funds, by comparison, focus on current financial resources, asking:

  • A. Both A & C
  • B. What is the statement of changes in fiduciary assets?
  • C. What is government-wide statement of activities?
  • D. What transaction and events increased or decreased the resources available for spending in the near future?

Answer: D


NEW QUESTION # 86
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