Online Access Free CGFM Exam Questions

If a CGFM wants to utilize data on population growth, housing and employment to estimate sales tax revenue, the CGFM should use

• A.flow charting.
• B.a regression analysis.
• C.a cash flow analysis.
• D.a payback analysis.

Government entity SEA reporting provides users of general purpose financial reports with an

• A.evaluation of the effects of changes in public policy.
• B.assessment of financial condition and results of operations.
• C.assessment of the accountability of the public administrators.
• D.evaluation of the efficiency and effectiveness of governmental programs.

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.audit risk
• C.control risk
• D.detection risk

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.

GPRA requires agencies to prepare and submit a strategic plan, an annual performance plan and

• A.an annual performance report.
• B.a five-year performance plan.
• C.the prior year's audited financial report.
• D.a SEA report.