Online Access Free CGFM Practice Test

Forensic accounting includes performance of all of the following tasks EXCEPT

• A.auditing accounting records to prove or disprove fraud.
• B.preventing fraud.
• C.serving as an expert witness.
• D.interviewing all related parties to fraud.

Performance measures that report the results of providing goods or services are known as

• A.outcome measures.
• B.workload measures.
• C.output measures.
• D.activity measures.

The Parking Fund for a government entity has the following information in its Statement of Net Position.
Calculate the current ratio.
Total current assets$1,320
Total non-current assets$8,100
Total assets$9,420
Total current liabilities$ 810
Total non-current liabilities$ 360
Total liabilities$1,170
Total net position$8,250

• A.1.63
• B.0.98
• C.0.61
• D.1.14

The Prompt Payment Act requires federal agencies to pay

• A.invoices immediately when received.
• B.interest when an invoice is paid late.
• C.invoices no later than 60 days after receipt of the invoice.
• D.interest on intragovernmental invoices.

An agency uses pavement rating scores as a key indicator for a street maintenance program. If the legislature provided the agency with an additional $5 millionjthe new resources should be allocated based upon

• A.lane miles rated as acceptable by the citizens.
• B.the number of intersections.
• C.historical budgeted amounts.
• D.lane miles with unmet needs.