100% PASS QUIZ 2025 AGA VALID LATEST CGFM TEST CRAM

100% Pass Quiz 2025 AGA Valid Latest CGFM Test Cram

100% Pass Quiz 2025 AGA Valid Latest CGFM Test Cram

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Tags: Latest CGFM Test Cram, Valid CGFM Practice Materials, CGFM Mock Exams, Hot CGFM Questions, Exam CGFM Certification Cost

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Valid CGFM Practice Materials - CGFM Mock Exams

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AGA CGFM Certification is a prestigious certification offered to government financial managers who aim to demonstrate their proficiency in governmental accounting, auditing, and financial reporting. Certified Government Financial Manager (CGFM) certification is a rigorous process that is recognized worldwide as a standard of excellence in the field of government accounting.

AGA Certified Government Financial Manager (CGFM) Sample Questions (Q68-Q73):

NEW QUESTION # 68
The Federal Credit Reform Act of 1990 requires that the cost of loan defaults and interest subsidies be estimated and recorded:

  • A. when a defaulted loan is made good by the agency.
  • B. on a cash basis when the loan is paid.
  • C. on a FIFO basis as loans are made.
  • D. on a present value basis when the loans are made or guarantees are issued.

Answer: D


NEW QUESTION # 69
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?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: B


NEW QUESTION # 70
Localities contract with a consulting engineer to make a preliminary feasibility study of a project, prepare a detailed design and construction specifications, coordinate construction activities, and advice on special problems that might occur during construction. Consulting engineers are compensated in which of the following way/s?

  • A. A percentage of construction costs, the percentage being based on a scale developed by the Society of civil engineers
  • B. Cost-plus-fixed-fee basis when a project is not clearly defined
  • C. A lump-sum payment when a project is clearly defined
  • D. All of these

Answer: D


NEW QUESTION # 71
Non-reciprocal interfund activities include interfund transfers of assets (e.g. cash, or goods) without repayment and .

  • A. Interfund exchange
  • B. Cost Allocation
  • C. Interfund reimbursement
  • D. Both A&B

Answer: C


NEW QUESTION # 72
Which of the following is not included in principal investment strategies?

  • A. Yield curve anticipation
  • B. Interest Rate anticipation
  • C. None of these
  • D. Sector Allocation

Answer: C


NEW QUESTION # 73
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