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Most Recent GFOA CPFO Exam Questions & Answers


Prepare for the GFOA Certified Public Finance Officer 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 GFOA CPFO exam and achieve success.

The questions for CPFO were last updated on Dec 20, 2024.
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Question No. 1

Federal Government requires accounting records on:

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Correct Answer: C

Question No. 2

Governments should safely invest a high percentage of their available cash at competitive rates of return. The yield should be compared to a benchmark such as:

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Correct Answer: D

Question No. 3

Governments borrow from the either banks or tax-exempt money market funds in anticipation of taxes, revenues, bonds, or improved market conditions. Some of such conditions are as follows EXCEPT:

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Correct Answer: D

Question No. 4

A building with a replacement value of $1,000,000 has depreciated by 50%. What amount of risk has been unwittingly assumed?

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Correct Answer: A

Question No. 5

A county fire department receives property tax revenue on a 55% (December), 40% (April), 5% (June) basis. The uncollectible portion is .05%. If the department received $5.1 million in December, the annual property tax revenues will be:

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Correct Answer: C

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