CGFM EXAM BIBLE | CGFM EXAM SAMPLE ONLINE

CGFM Exam Bible | CGFM Exam Sample Online

CGFM Exam Bible | CGFM Exam Sample Online

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Tags: CGFM Exam Bible, CGFM Exam Sample Online, Reliable CGFM Test Tips, Latest CGFM Exam Camp, CGFM Downloadable PDF

As we discussed above that the Certified Government Financial Manager (CGFM) (CGFM) exam preparation material is available in three different formats. One of them is AGA CGFM PDF questions format which is portable. Users of this format can print Certified Government Financial Manager (CGFM) (CGFM) real exam questions in this file to study without accessing any device. Furthermore, smart devices like laptops, smartphones, and tablets support the CGFM PDF Questions. Hence, you can carry this material to any place and revise CGFM exam questions conveniently without time restrictions.

To be eligible for the CGFM certification, candidates must meet specific requirements. Candidates must have a bachelor's degree from an accredited institution, with 24 semester hours in accounting, business, finance, or public administration. They must also have at least two years of government financial management experience to qualify for the certification. Certified Government Financial Manager (CGFM) certification is renewed every three years, and certified individuals are required to complete 80 hours of continuing education during that period.

AGA CGFM Exam consists of three modules that cover financial management, fiscal accountability, and ethics. The first module covers government accounting, financial reporting, and budgeting. The second module focuses on fiscal management, including financial analysis, performance measurement, and internal controls. The third module covers ethics, including professional conduct, accountability, and transparency.

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CGFM Exam Sample Online - Reliable CGFM Test Tips

It is well known that under the guidance of our CGFM PDF study exam, you are more likely to get the certification easily. But I think few of you know the advantages after getting certificates. Basically speaking, the benefits of certification with the help of our CGFM practice test can be classified into three aspects. Firstly, with the certification, you can have access to big companies where you can more job opportunities which you can’t get in the small companies. Secondly, with our CGFM Preparation materials, you can get the CGFM certificates and high salaries.

AGA Certified Government Financial Manager (CGFM) Sample Questions (Q32-Q37):

NEW QUESTION # 32
Earned value management is preferred over traditional project management because

  • A. earned value management provides information about status of deliverables, funds and time expended.
  • B. traditional project management is used to monitor progress and deliverables of larger projects.
  • C. earned value management is used to monitor progress and deliverables of smaller projects.
  • D. traditional project management provides information about status of deliverables, funds and time expended.

Answer: A

Explanation:
What Is Earned Value Management (EVM)?
* EVMis a project management methodology that integrates scope, cost, and schedule to measure project performance. It provides a comprehensive view of progress by combining information about deliverables (work completed), funds (budget spent), and time (schedule adherence).
Why Is EVM Preferred Over Traditional Project Management?
* EVM offers a holistic view of project performance by quantifying progress and comparing it to planned performance, allowing for proactive decision-making.
* Traditional project management often focuses on individual aspects (e.g., timelines or budgets) without integrating them as effectively as EVM.
Why Other Options Are Incorrect:
* A. EVM monitors smaller projects:EVM is not restricted to small projects; it is widely used for complex, large-scale projects.
* C. Traditional project management is used for larger projects:This is incorrect-both methodologies can be used for projects of any size.
* D. Traditional project management provides status on deliverables, funds, and time:This is inaccurate; traditional methods often lack the integrated performance tracking provided by EVM.
References and Documents:
* GAO Guide to Project Management:Recommends EVM for comprehensive performance tracking.
* PMBOK (Project Management Body of Knowledge):Details the advantages of EVM over traditional project management.


NEW QUESTION # 33
The intended purpose of The Single Audit Act is to:

  • A. perform audits under FASAB standards.
  • B. help states schedule federal audits on a grant-by-grant basis.
  • C. improve financial management of state financial programs.
  • D. promote cooperation between auditors.

Answer: D


NEW QUESTION # 34
Fund-level financial statements are prepared to present:

  • A. both a short and long term perspective on governmental finances.
  • B. information that is more narrowly focused than mandated by government standards.
  • C. a detailed short term view of government services.
  • D. information on financing activities.

Answer: C


NEW QUESTION # 35
GAAP do not specify how much fund balance to set aside, but the_________ recommends that local governments maintain a reserve of (1) 5% to 15% of general fund reserves or (2) at least 1-2 months general fund operating expenditures.

  • A. All of there
  • B. GFUA (Government Finance officers Association)
  • C. State bank
  • D. Federal reserves Board

Answer: B


NEW QUESTION # 36
Repo is of one-day maturity Interest is based
There are five types of repos.
on the federal rate.

  • A. Term
  • B. Open
  • C. Overnight
  • D. Tri-party

Answer: C


NEW QUESTION # 37
......

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