Free AGA CGFM Exam Actual Questions

The questions for CGFM were last updated On Jan 19, 2025

Question No. 1

Notes to the financial statements are:

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Correct Answer: A

Question No. 2

A full-Faith-and-credit bond is a term used for:

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Correct Answer: C

Question No. 3

____________ and ____________ debt issuance, governments must disclose information regarding their debt and financial condition to the municipal securities market, including the preliminary Official Statement, the audited financial reports, the feasibility study, and other documents relating to the bond sale.

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Correct Answer: B

Question No. 4

Which one of the following is not an opportunity for the Governmental budgetary plan?

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Correct Answer: B

Question No. 5

_______________ had separate principles for___________________ in the past.

1. Colleges and universities

2. Hospital and health --care entities

3. Voluntary health and welfare organization

4. Nonprofit organization

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Correct Answer: D