Cgfm exam 1 all Study guides, Class notes & Summaries

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 expectat...

CGFM - Exam 1: Government Environment Questions and Answers Graded A+ Government Sovereignty Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels 1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coordinate their efforts. 3 Branches 1) Legisla...

CGFM Exam: Section 1, Chapter 1: Questions and answers/ rated A+ Difference between a budget in public vs. private sector? - -Public sector = Law/Private sector = benchmark for performance and goals for growth Primary control device in Govt? - -budget Financial Reports - -primary mechanism by which public officials are able to demonstrate accountability. They show how much was raised, how it was spent, and whether spending was in compliance with the budget. State Authority - -All the...

CGFM Exam 3: Section 5, Chapter 1 - What is an Audit? Questions & Answers 2023/2024 Audit definition - ANSWER-an independent, systematic, objective and unbiased assessment that provides answers to a set of questions. "Material" meaning - ANSWER-use "material" in the context of whether reasonable people would consider that an omission or misstatement would have changed their opinions regarding the auditor's conclusions. Which Agency issued the Generally Accepted Auditing Standards...

CGFM - Exam 1: Government Environment Questions and Answers 100% Pass Government Sovereignty - Correct Answer️️ -Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority - Correct Answer️️ -Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels - Correct Answer️️ -1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separ...