Certified Government Financial Manager (CGFM) Exam – Sample
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Question 1 of 10
1. Question
The purpose of a performance management system is to…
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Question 2 of 10
2. Question
Which item is included in the permanent fund of a government?
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Question 3 of 10
3. Question
What set of standards is used when performing financial and performance audits of governmental agencies?
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Question 4 of 10
4. Question
According to Government Performance and Results Act guidelines, which of the following components is not included in a performance plan?
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Question 5 of 10
5. Question
How do Performance and Accountability Reports ensure the integrity of an agency’s financial statements and the federal budget?
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Question 6 of 10
6. Question
Why is it important that financial management systems be monitored on a regular and ongoing basis?
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Question 7 of 10
7. Question
Typically, which type of budget will be in effect the longest?
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Question 8 of 10
8. Question
Which of the following decisions is most likely to be made during the programming phase?
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Question 9 of 10
9. Question
Which body defines GAAP foar state and local government?
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Question 10 of 10
10. Question
Which of the following is least supported through financial accounting?
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