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
Performance measures that report the results of providing goods or services are known as
- A . activity measures.
- B . outcome measures.
- C . output measures.
- D . workload measures.
The Single Audit Act requires
- A . financial statement audits of non-federal entities that receive or administer grant awards of federal funds.
- B . agencies to use an audit process to maximize the value of and manage acquisition risks.
- C . federal departments to have single audits of financial management systems.
- D . agencies to establish and assess internal controls related to audits.
In the context of audit risk, which type of risk is primarily influenced by the effectiveness of an organization’s internal controls?
- A . inherent risk
- B . control risk
- C . detection risk
- D . audit risk
An employee is set to receive a lumpsum payment of $500,000 in ten years. The agency uses an opportunity rate of 12% for its investments.
If inflation is 3%, how much must the agency invest today to cover the future lumpsum payment?
- A . $160,986
- B . $186,023
- C . $440,000
- D . $485,000
In a performance aygit, due professional care is used to
- A . obtain sufficient and competent evidence.
- B . determine scope.
- C . set materiality of financial statements.
- D . present the findings in accordance with GAAP.
A variable that would influence management’s decision to hire contractors to perform management control evaluations is
- A . lack of management expertise.
- B . availability of qualified contractors.
- C . suspicion of internal fraud.
- D . knowledge of systemic deficiencies.
A primary deterrent to fraud is
- A . delegation of responsibility without oversight.
- B . the fear of detection.
- C . job satisfaction and sense of "team."
- D . performance of employee background checks.
The ratios used to determine an organization’s ability to meet its creditor’s demands are
- A . budgetary cushion ratios.
- B . liquidity ratios.
- C . debt burden ratios.
- D . turnover ratios.
When reviewing a report on internal control from a shared service provider that noted a weakness, the agency should
- A . consider the existence of compensating or mitigating controls.
- B . ask the service provider to correct the weakness.
- C . dismiss the weakness.
- D . refer the weakness to the Contracting Officer.
Which element of an inventory management system includes determining how much stock to have on hand?
- A . inventory control
- B . safeguard control
- C . management control
- D . supply control