Cgfm exam 1 Study guides, Class notes & Summaries
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CGFM Exam 1 – Questions And Detailed Answers
- Exam (elaborations) • 27 pages • 2024
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CGFM Exam 1 – Questions And Detailed Answers
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CGFM Exam 1 with 100% correct answers
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CGFM Exam 1 
doctrine of separation of powers provides a foundation for correct answergovernment financial 
management 
govt entity can be classed as correct answergeneral or special purpose 
US constitution written correct answer1787 
Most school district in US correct answerIndependent District 
Role of federal CFO correct answercodified in the Chief Financial Officer act of 1990 
telework correct answerworking from home or other remote location 
Anti-fraud policies correct answera formal code...
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CGFM Exam 1 (Exam 1 Government Environment I-VII) – Questions/Answers
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CGFM Exam 1 (Exam 1 Government Environment I-VII) – Questions/Answers
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CGFM Exam 1 Federalism
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CGFM Exam 1 
Federalism - ANSWER-Power is distributed among different levels of government, no 
one level has complete authority 
Sovereignty - ANSWER-National government cant be sued by states or citizens without 
its permission 
Popular Sovereignty - ANSWER-Citizens hold ultimate authority through the ballot; even 
a sovereign government is accountable to citizens 
Primary Purpose of Government - ANSWER-Provide services to its citizens 
10th Amendment - ANSWER-Aka - reserved Clause 
National g...
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CGFM Exam 1 ALL | 745 Complete Questions and Answers 100% Correct | Updated 2024
- Exam (elaborations) • 126 pages • 2024
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CGFM Exam 1 ALL | 745 Complete Questions and Answers 100% Correct | Updated 2024
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CGFM Exam 1 | 244 Complete Questions and Answers 100% Correct | Updated 2024
- Exam (elaborations) • 38 pages • 2024
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CGFM Exam 1 | 244 Complete Questions and Answers 100% Correct | Updated 2024
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CGFM Exam 1 Exam 1 Government Environment I-VII | 175 Questions and Answers 100% Correct | Updated 2024
- Exam (elaborations) • 27 pages • 2024
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CGFM Exam 1 Exam 1 Government Environment I-VII | 175 Questions and Answers 100% Correct | Updated 2024
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CGFM EXAM 1- STUDY GUIDE
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CGFM EXAM 1- STUDY GUIDE
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CGFM Exam 1- Study Guide (2023/2024) Already Graded A
- Exam (elaborations) • 172 pages • 2023
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CGFM Exam 1- Study Guide (2023/2024) Already Graded A AGA Association of Government Accountants 
CEAR Certificate of Excellence in Accountability Reporting 
CFO Chief Financial Officer 
CGFM Certified Government Financial Manager 
ERP Enterprise Resource Planning 
FASAB Federal Accounting Standards Advisory Board 
FASB Financial Accounting Standards Board 
FSIO Financial Systems Integration Office (within GSA) 
GAAP Generally Accepted Accounting Principles 
GAO Government Accountibility Office 
...
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CGFM Exam 1 - Exam 1 Government Environment I-VII
- Exam (elaborations) • 21 pages • 2024
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CGFM Exam 1 - Exam 1 Government 
Environment I-VII 
I1. A significant difference between special-purpose and general-purpose 
governments is that general-purpose governments - ANSWER-Correct Answer: 
perform multiple functions, while special-purpose governments are typically 
formed to perform one or two specific functions. 
I2. A commission that manages water and sewer services for several counties is 
an example of a - ANSWER-Correct Answer: jointly-governed organization. 
I3. A county commiss...
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