Most Recent AGA CGFM Exam Questions & Answers

Prepare for the AGA Certified Government Financial Manager exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the AGA CGFM exam and achieve success.

The questions for CGFM were last updated on Dec 20, 2024.

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Question No. 1

Managerial accounting helps officials measure the cost-effectiveness of operations by:

Aforecasting future revenue needs.

Bcontrolling expenses under budgetary law.

Ccombining financial and non-financial data.

Ddemonstrating compliance with applicable laws and regulations.

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Correct Answer: A

Question No. 2

A Stabile economy is defined as?

1. An equilibrium in the international balance of payments

2. Full employment

3. Economist growth

4. Frequent changes in Price

AAll of there

BOnly I, II

CI, III, IV

DAll EXCEPT IV

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Correct Answer: D

Question No. 3

The ________ tax, though regressive is more popular among tax-players than the income tax because its full cost to the taxpayer is hidden among the large no of transactions.

AProportional tax

BCorporate tax

CSales tax

DState tax

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Correct Answer: C

Question No. 4

Governments and Non-profits can invest 100% of their available funds by using:

AA bank's Zero balance account (ZBA)

BMutual Funds Agencies

COTC market investments

DAll of these

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Correct Answer: A

Question No. 5

The U.S. Standard General Ledger will be used to record financial events for federal agencies, and common data elements shall be used throughout a federal agency for collection, storage and retrieval of financial information records according to OMB circular number:

AA-87.

BA-122.

CA-127.

DA-133.

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Correct Answer: C

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