Cgfm exam 1 Study guides, Class notes & Summaries
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CGFM EXAM 1 ALL
- Exam (elaborations) • 70 pages • 2024
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CGFM EXAM 1 ALL
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CGFM - Exam 1: Government Environment questions with correct answers
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CGFM - Exam 1: Government Environment questions with correct answers
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CGFM Exam 1 ALL Q&A
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Doctrine of separation of powers provides a foundation for - Answer- government financial management 
 
Govt entity can be classed as - Answer- general or special purpose 
 
US constitution written - Answer- 1787 
 
Most school district in US – Ans 
 
Wer- Independent District 
 
Role of federal CFO - Answer- codified in the Chief Financial Officer act of 1990 
 
Telework - Answer- working from home or other remote location 
 
Anti-fraud policies - Answer- a formal code of conduct 
Frames the...
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CGFM Exam 1- Study Guide Q&A
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CGFM Exam 1- Study Guide 
AGA - ANSWER-Association of Government Accountants 
CEAR - ANSWER-Certificate of Excellence in Accountability Reporting 
CFO - ANSWER-Chief Financial Officer 
CGFM - ANSWER-Certified Government Financial Manager 
ERP - ANSWER-Enterprise Resource Planning 
FASAB - ANSWER-Federal Accounting Standards Advisory Board 
FASB - ANSWE
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CGFM Exam 1 All Questions and Answers 100% Pass
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CGFM Exam 1 All Questions and Answers 100% Pass doctrine of separation of powers provides a foundation for government financial management 
govt entity can be classed as general or special purpose 
US constitution written 1787 
Most school district in US Independent District 
Role of federal CFO codified in the Chief Financial Officer act of 1990 
telework working from home or other remote location 
Anti-fraud policies a formal code of conduct frames the behavioral expectations for individuals 
...
Too much month left at the end of the money?
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CGFM Exam 1 questions and answers
- Exam (elaborations) • 24 pages • 2024
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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 government can...
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CGFM Exam 1- Study Guide questions and answers
- Exam (elaborations) • 98 pages • 2024
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AGA - ANSWER-Association of Government Accountants 
CEAR - ANSWER-Certificate of Excellence in Accountability Reporting 
CFO - ANSWER-Chief Financial Officer 
CGFM - ANSWER-Certified Government Financial Manager 
ERP - ANSWER-Enterprise Resource Planning 
FASAB - ANSWER-Federal Accounting Standards Advisory Board 
FASB - ANSWER-Financial Accounting Standards Board 
FSIO - ANSWER-Financial Systems Integration Office (within GSA) 
GAAP - ANSWER-Generally Accepted Accounting Principles 
GAO - ANSWE...
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CGFM Exam 1 questions with correct answers
- Exam (elaborations) • 37 pages • 2023
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Federalism CORRECT ANSWER Power is distributed among different levels of government, no one level has complete authority 
 
Sovereignty CORRECT ANSWER National government cant be sued by states or citizens without its permission 
 
Popular Sovereignty CORRECT ANSWER Citizens hold ultimate authority through the ballot; even a sovereign government is accountable to citizens 
 
Primary Purpose of Government CORRECT ANSWER Provide services to its citizens 
 
10th Amendment CORRECT ANSWER Aka - reser...
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CGFM Exam 1 questions and answers
- Exam (elaborations) • 24 pages • 2024
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Available in package deal
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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 questions with correct answers
- Exam (elaborations) • 25 pages • 2023
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I1. A significant difference between special-purpose and general-purpose governments is that general-purpose governments CORRECT 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 CORRECT ANSWER Correct Answer: jointly-governed organization. 
 
I3. A county commission meets to address the budget. In atte...
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