Online Access Free CGFM Practice Test

The best source for annual liability and cash flow data is a state's

• A.ACFR.
• B.appropriations bill.
• C.statement of activities.
• D.PAR.

When planning for local government financial statement audit, what data source should the auditor consider first?

• A.previous audit findings
• B.government-wide financial statements
• C.fund financial statements
• D.reconciliations between fund financial statements

Which of the following is an example of an outcome measure?

• A.number of federal capital territory students that graduated
• B.percentage of disaster claims paid on time
• C.total environmental impact statements reviewed
• D.amount of disability inquiries received during a pandemic

To support optimal cash management vendor payment procedures, invoices with discount terms should be paid

• A.on the discount date.
• B.prior to the due date to improve credit rating.
• C.after the due date to increase cash flow.
• D.on the due date, unless a charge is assessed for late payment.

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.