Free GFOA CPFO Exam Actual Questions

The questions for CPFO were last updated On Apr 23, 2025

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Question No. 1

Similar accounting controls should be established over accounting for investment inventory management, cash disbursements, cash management and billing and receipt of taxes and utilities. Other effective internal control measures include which of the following?

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Correct Answer: D

Question No. 2

Which one of the following is not the type of debt financing?

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Correct Answer: D

Question No. 3

Which one of the following options is NOT the part of major steps in Property tax cycle procedure?

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Correct Answer: D

Question No. 4

The financial section of financial reports contains:

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Correct Answer: D

Question No. 5

In claim management, insurance policies should specify what should be reported, including the nature of the alleged wrongful act, the alleged damages, and the names of claimants. Which of the following steps is included in this?

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Correct Answer: D