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CGFM Quiz Braindumps - CGFM Test Guide & CGFM Test Bootcamp

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The AGA CGFM certification verifies that you have a basic understanding of Certified Government Financial Manager (CGFM) concepts and virtualization. Success in the CGFM exam of the AGA CGFM certificate also proves your knowledge of basic troubleshooting concepts and data center technology. When you earn the CGFM Certification you will get reliable exam guide materials.

The Certified Government Financial Manager (CGFM) certification is a well-respected designation in the field of government financial management. Certified Government Financial Manager (CGFM) certification is designed for individuals who wish to demonstrate their expertise in government financial management to their employers, colleagues, and clients. The AGA CGFM certification is recognized as the gold standard in government financial management and is nationally accredited by the National Commission for Certifying Agencies.

The CGFM certification is highly regarded in the government financial management sector, and it provides a range of benefits to certified individuals. Certified Government Financial Manager (CGFM) certification indicates a high level of knowledge, skills, and expertise in government financial management, which are highly valued by employers. Certified individuals gain a competitive advantage over their peers and enhance their career prospects.

The CGFM Certification is a comprehensive exam that covers three areas of government financial management: governmental accounting, financial reporting, and budgeting. CGFM exam consists of three modules, each of which focuses on one of these areas. The first module covers governmental accounting principles, including fund accounting, financial statements, and internal controls. The second module covers financial reporting, including financial analysis, performance measurement, and auditing. The third module covers budgeting and financial management, including budget preparation, cost analysis, and program evaluation.

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AGA Certified Government Financial Manager (CGFM) Sample Questions (Q63-Q68):

NEW QUESTION # 63
"Don't risk a lot for a little." This principle should be followed during:

A. Assumption of risk
B. Using insurance deductibles
C. Small and infrequent losses
D. Charging losses

Answer: A

NEW QUESTION # 64
FASB (Financial Accounting Standards Board) is a ____________ organization and controlled and supported by a ______________, Financial Accounting Foundation.

A. Governmental Organization, Non-Profit Organization.
B. Private Organization, Non-Profit Organization.
C. Semi- governmental Organization, Private Organization
D. Non-Profit Organization, Governmental Organization.

Answer: B

NEW QUESTION # 65
Using purchasing cards for contract purchases creates efficiencies for all of the following EXCEPT:

A. savings in transaction costs.
B. improved cash flow for the vendor.
C. detection of fraudulent purchases.
D. streamlining payment in the accounts payable system.

Answer: C

Explanation:
Explanation

NEW QUESTION # 66
Small local governments in states not requiring a financial audit may choose:

A. Review or Member's audit
B. Agreed-upon procedures D.
C. A compilation
D. Any of these

Answer: D

NEW QUESTION # 67
A payment to the capital projects fund is recorded in the general fund as:

A. an interfund loan.
B. a transfer out.
C. an expense.
D. an operating subsidy.

Answer: B

NEW QUESTION # 68
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