Free AGA CGFM Exam Actual Questions

The questions for CGFM were last updated On Nov 17, 2024

Question No. 1

Which one of the following statements is the part of practices that States regulate?

Show Answer Hide Answer
Correct Answer: D

Question No. 2

Upon completion of a performance audit the auditee will be provided with a report that includes the audit objectives, methodology, results and:

Show Answer Hide Answer
Correct Answer: D

Question No. 3

A275-day T-bill was purchased at a 0.6% discount and was sold at an 8.50% discount after a 30-day holding period. What is the yield?

Show Answer Hide Answer
Correct Answer: B

Question No. 4

The city of Mudville uses 1600 oil filters annually. The cost of placing an order is $5.00. The unit cost is $3.50. The carrying cost is 20 percent, and the carrying cost per unit is &0.70(0.20x$3.50). And, there are 255 working days per year, and each order requires three working days of lead time. What is the reorder point?

Show Answer Hide Answer
Correct Answer: A

Question No. 5

This exhibit shows that management should give thoughts to its coding system. A coding system structure with too many accounts is redundant but a too-abbreviated system does not sufficiently permit cost performance evaluation. Minimally organizations should budget by:

Show Answer Hide Answer
Correct Answer: D