Online Access Free CGFM Exam Questions

Based on the data below, what can be concluded about outsourcing print job?

• A.ABC Printing should be awarded the outsourcing contract.
• B.Outsourcing printing is feasible.
• C.Outsourcing printing is necessary.
• D.It is better to keep the printing in-house.

Auditors may limit their public reporting in attestation engagements when the

• A.entity management fails to satisfy legal requirements.
• B.auditors detect material fraud.
• C.auditor detects non-compliance with provisions of law.
• D.audit report would compromise ongoing legal proceedings.

Performance measurement assists management in

• A.determining allocation of capital appropriations.
• B.tracking actual results against targets.
• C.monitoring performance of certified professionals in regulatory fields.
• D.identifying weaknesses in disaster response preparedness.

The main objective of the Cash Management Improvement Act is to require

• A.federal agencies to take discounts when available and cost-effective.
• B.federal agencies to disburse payments via electronic funds transfer.
• C.states to pay invoices within 30 days of receipt of a proper invoice.
• D.states to minimize the time elapsing between funds drawn and their final disposition.

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

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