AGA Certified Government Financial Manager (CGFM) - CGFM Exam Questions
QUESTION NO: 1
Planning to support ongoing financial operations in the event of a natural disaster is based on the assumption that
Planning to support ongoing financial operations in the event of a natural disaster is based on the assumption that
Correct Answer: C
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QUESTION NO: 2
An agency benefit program allows employees who commute by public transit up to 10 free taxi trips home per calendar year. Employees can use the program for personal or family health emergencies. The most appropriate method to check for abuse of this program is
An agency benefit program allows employees who commute by public transit up to 10 free taxi trips home per calendar year. Employees can use the program for personal or family health emergencies. The most appropriate method to check for abuse of this program is
Correct Answer: A
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QUESTION NO: 3
A capital asset transferred to another department within the same government should be
A capital asset transferred to another department within the same government should be
Correct Answer: B
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QUESTION NO: 4
The first step in assessing an agency's internal control program's compliance with applicable laws and regulations is to
The first step in assessing an agency's internal control program's compliance with applicable laws and regulations is to
Correct Answer: A
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QUESTION NO: 5
Which element of an inventory management system includes determining how much stock to have on hand?
Which element of an inventory management system includes determining how much stock to have on hand?
Correct Answer: B
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QUESTION NO: 6
Efficient inventory management will result in
Efficient inventory management will result in
Correct Answer: A
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QUESTION NO: 7
In the context of audit risk, which type of risk is primarily influenced by the effectiveness of an organization's internal controls?
In the context of audit risk, which type of risk is primarily influenced by the effectiveness of an organization's internal controls?
Correct Answer: B
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QUESTION NO: 8
Use of a lockbox eliminates
Use of a lockbox eliminates
Correct Answer: A
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