AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) - GAFRB Exam Questions
QUESTION NO: 1
The Prompt Payment Act requires federal agencies to
The Prompt Payment Act requires federal agencies to
Correct Answer: C
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 2
Who is responsible for making apportionments and allotments?
Who is responsible for making apportionments and allotments?
Correct Answer: D
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 3
If a capital project has an estimated life of 30 years, which financing method is designed to impose the cost of the project on the generation who benefits from it?
If a capital project has an estimated life of 30 years, which financing method is designed to impose the cost of the project on the generation who benefits from it?
Correct Answer: B
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 4
A budget document that lists the budget by social services, affordable housing and supplies includes which of the following significant elements?
A budget document that lists the budget by social services, affordable housing and supplies includes which of the following significant elements?
Correct Answer: B
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 5
Federal agencies accumulate and report costs in order to perform all of the following EXCEPT to
Federal agencies accumulate and report costs in order to perform all of the following EXCEPT to
Correct Answer: A
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 6
When a new combined government replaces the separate governments of a city and a county, this is an example of
When a new combined government replaces the separate governments of a city and a county, this is an example of
Correct Answer: D
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 7
A governmental financial reporting entity is comprised of all of the following EXCEPT
A governmental financial reporting entity is comprised of all of the following EXCEPT
Correct Answer: D
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 8
The Department of Health and Human Services prepares a financial statement displaying costs of each major program as they relate to the department's outcomes and outputs. The title of this financial statement is the
The Department of Health and Human Services prepares a financial statement displaying costs of each major program as they relate to the department's outcomes and outputs. The title of this financial statement is the
Correct Answer: C
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
