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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 Jan 20, 2025.
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Question No. 1

____________ are in anticipation of improved market conditions in which to issue longterm debt. It typically matures within 15-45 days.

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Correct Answer: C

Question No. 2

The auditor(s) should:

I- Adequately plan the work and properly supervise assistants

II- Properly study internal accounting controls to determine their reliability

These points are the part of

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Correct Answer: B

Question No. 3

Ideally, the risk manager would have academic training, but most learn on the job. Opportunities for training and professional recognition include:

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Correct Answer: D

Question No. 4

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:

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Correct Answer: D

Question No. 5

If a government creates an internal service funds, GAAP require that the ______ cost of services, _________ the cost of capital assets be recovered through the user fee.

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Correct Answer: A

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