Free AGA CGFM Exam Actual Questions

The questions for CGFM were last updated On Nov 4, 2024

Question No. 1

Initially Line item budgets were used by the local governments but afterwards more reformed practices has taken its place and grouped its purpose. Those refined and more manageable categories are all EXCEPT:

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Correct Answer: D

Question No. 2

The financial section of financial reports contains:

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Correct Answer: D

Question No. 3

Because of the current financial measurement focus of the Governmental Funds, they do not report:

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Correct Answer: D

Question No. 4

Using purchasing cards for contract purchases creates efficiencies for all of the following EXCEPT:

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Correct Answer: A

Question No. 5

The investment officer should report the status of investment at least quarterly (or monthly), including:

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Correct Answer: D