Valid CGFM Exam Duration | CGFM Paper
Valid CGFM Exam Duration | CGFM Paper
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The CGFM certification is widely recognized and respected throughout the government finance community. It's a widely acknowledged certification within the United States Government accounting offices, as well as state and local government agencies. Certified Government Financial Manager (CGFM) certification validates an individual's knowledge in federal, state, and local government accounting, auditing, financial reporting, and budgeting.
AGA CGFM (Certified Government Financial Manager) Certification Exam is a prestigious certification that recognizes individuals who excel in the field of government financial management. Certified Government Financial Manager (CGFM) certification is awarded by the Association of Government Accountants (AGA) and is highly regarded within the government financial management community.
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Valid CGFM Exam Duration - Pass Guaranteed Quiz CGFM - Certified Government Financial Manager (CGFM) First-grade Paper
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AGA Certified Government Financial Manager (CGFM) Sample Questions (Q100-Q105):
NEW QUESTION # 100
Assume an invoice with credit terms of 2%/10, net30. The interest charge is 2% of $1000, or $20; the principal is $980; and the days of principal borrowed are the 20 days of credit. What is the interest rate offered if the discount is taken?
- A. 37.23%
- B. 37.35%
- C. 37%
- D. 37.33%
Answer: A
NEW QUESTION # 101
If a government creates an internal service funds, GAAP require that the ______ cost of services, _________ the cost of capital assets be recovered through the user fee.
- A. Either A or C
- B. Full, excluding
- C. Full, Including
- D. Half, Including
Answer: C
NEW QUESTION # 102
The modified accrual basis of accounting is characterized by:
- A. expenditures recorded when warrants are paid.
- B. assets included in the general fixed asset account group.
- C. revenues being recognized when realized.
- D. revenues being recognized when measurable and available.
Answer: D
NEW QUESTION # 103
Gas, taxes restricted for road maintenance and repair, property taxes restricted for downtown development, property taxes restricted for fire tax districts and state tobacco settlement funds restricted for smoking reduction and economic development are settled by Government with the help of:
- A. Major Federal Government Funds
- B. None of these
- C. Financial sector Funds
- D. Special revenue funds
Answer: D
Explanation:
Explanation
NEW QUESTION # 104
This exhibit shows that management should give thoughts to its coding system. A coding system structure with too many accounts is redundant but a too-abbreviated system does not sufficiently permit cost performance evaluation. Minimally organizations should budget by:
- A. Funds, Department and Object expenditure
- B. Object of experiment
- C. Funds
- D. department
Answer: A
NEW QUESTION # 105
......
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