AGA CGFM Übungsprüfungen
Zuletzt aktualisiert am 26.04.2025- Prüfungscode: CGFM
- Prüfungsname: CGFM Certified Government Financial Manager
- Zertifizierungsanbieter: AGA
- Zuletzt aktualisiert am: 26.04.2025
Earned value management is preferred over traditional project management because
- A . earned value management is used to monitor progress and deliverables of smaller projects.
- B . earned value management provides information about status of deliverables, funds and time expended.
- C . traditional project management is used to monitor progress and deliverables of larger projects.
- D . traditional project management provides information about status of deliverables, funds and time expended.
A capital asset transferred to another department within the same government should be
- A . recorded with the original department to maximize receipts.
- B . recorded with the second department to minimize costs.
- C . retained in the government’s fixed asset tracking system with no change in book value to either department.
- D . retained in the government’s fixed asset tracking system showing the book value of the asset transferred to the receiving department.
Management’s need for real-time access to data is facilitated when
- A . data is represented visually and includes information that indirectly relates to the subject matter.
- B . data supporting dashboards are updated every quarter.
- C . the prior year’s financial statement data underlies the management reports used to decide on future expenditures.
- D . complex data sets are available on demand, presented with minimal distractions.
Which of the following statements from an audit finding is the condition?
- A . We identified multiple credit card purchases without receipts to support them.
- B . Government policy requires a cardholder to submit receipts for all purchases.
- C . Finance Department personnel did not regularly review purchases to ensure compliance.
- D . We recommend that the government implements a timely review of all credit card purchases.
A federal government agency that expends beyond its appropriation is in violation of the
- A . Federal Managers’ Financial Integrity Act.
- B . Federal Financial Management Improvement Act.
- C . Antideficiency Act.
- D . Sarbanes-Oxley Act.
A sound investment category for pension funds that can be easily valued is
- A . open-ended mutual funds.
- B . reverse repurchase agreements.
- C . derivative instruments.
- D . internal investment pools.
What is the most fupdamental cash control?
- A . segregation of duties
- B . use of automated systems
- C . analysis of cash reports
- D . frequent reconciliation of bank accounts
An agency benefit program allows employees who commute by public transit up to 10 free taxi trips home per calendar year. Employees can use the program for personal or family health emergencies. The most appropriate method to check for abuse of this program is
- A . using program data to look for instances of individuals using the service more than 10 times per year.
- B . using geographic information system data to determine if the destination addresses were hospitals or clinics.
- C . using personal data to determine if the destination address matches the employees home address.
- D . requesting records from a random sample of employees to verify they used transit on the day they used the taxi services.
The basic steps in fraud audits include all of the following EXCEPT
- A . consulting legal counsel.
- B . reporting the results.
- C . follow-up on control weaknesses.
- D . considering political ramifications.
The goal of shared gervices is to
- A . reduce current staffing levels.
- B . transfer responsibilities to another entity.
- C . efficiently aggregate resources.
- D . provide private business opportunities.